The importance of ensuring that electronic payments are both effective and efficient was a key point at a recent meeting of the Association for Financial Professionals (AFP) and the Federal Reserve. The nation's payment system is moving toward greater use of electronic payments, and the challenge for the Federal Reserve, the financial services industry and AFP members is to advance this evolution in ways that work for all system participants.
Representing the nation's treasury professionals, AFP regularly provides the corporate viewpoint on payments policy issues to policy makers. The Federal Reserve-AFP meeting, held in Washington, D.C. on February 3, provided an opportunity to obtain the corporate end-user perspective on the evolution of the nation's payments system.
Source: PRNewswire