Date: June 2, 2016

Strategies for Improving the U.S. Payments System – An Update from the Federal Reserve (I)

Session Description

Payments systems around the world are evolving at a rapid pace due to innovations in information technology, changes in end user expectations, complex payments security challenges and increasing complexity in the payments ecosystem with participation of banks, service providers, network operators and nonbank innovators. Recognizing these shifts in the payments landscape, the Federal Reserve has conducted extensive stakeholder input gathering and research on the need for a ubiquitous, faster payments capability, enhancements to payments system security, improvements to international payments clearing and greater efficiency in business and consumer payments. Join Dan Gonzalez to discuss the Federal Reserve’s strategies for addressing these needs and next steps for working together to create the U.S. payments system of the future.

Key Takeaways Include:

Learn about the Federal Reserve's Faster Payments Task Force publishing the U.S. Path to Faster Payments in July 2017 and the planned next steps.

Hear highlights from the work that has been done to date with the Secure Payments Task Force

Discover how the work of the two task forces may impact you and what you can do to prepare.


Speaker Information

Dan Gonzalez is a Vice President – Payment Industry Relations for the Federal Reserve’s Customer Relations and Support Office, based out of the Federal Reserve Bank of Chicago. Dan is responsible for collaborating and engaging with the industry to define and prioritize payments system improvements that advance the speed, efficiency and security of payments from end to end.  His accounts include the top 25 financial institutions in the country, as well as payment networks and alternative payment providers.


Dan has spent the last several years working closely with financial institutions on their efforts to migrate payments to electronics and improve the efficiency of the payment system. He has over 20 years of experience in payments, sales, marketing and management in the financial services industry.

Dan is a graduate of Siena College (Loudonville, NY), the Federal Reserve’s Business Development University and a member of the Association for Financial Professionals.