Governance Framework Formation Team

The Governance Framework Formation Team (GFFT) is a short-term work group of 27 industry participants established by the Faster Payments Task Force in mid-2017 and facilitated by the Federal
Reserve. The recommendation to develop and establish a faster payments governance framework was the leading directive of the task force, as noted in its final reportpublished last July. For more information on the Governance Framework Formation Team or its predecessor, the Faster Payments Task Force, go to FedPaymentsImprovement.org or FasterPaymentsTaskForce.org.