Payments News Update -- July 24, 2019
Posted 07/24/19
Legal and Regulatory Developments
SPOTLIGHT: US Reps, Senators Present Faster Payments Legislation
PYMNTS – July 24, 2019
To reinforce the Federal Reserve’s authority to create a real-time payments system and mandate that the Fed brings about its own process, two U.S. representatives and two U.S. senators have introduced the Payment Modernization Act of 2019. The legislation was brought forward...