Federal Reserve Payments Implementation Community Forum on November 2nd

On October 3rd, the Federal Reserve Board of Governors published a Federal Register Notice, requesting public comment on potential actions that the Fed could take to facilitate real-time interbank settlement of faster payments. In order to help the industry better understand these potential actions, they will be hosting a public town hall at the Federal Reserve Bank of New York, 33 Liberty Street, New York on Friday, November 2nd from 9:00 a.m. to 12:00 p.m. Town hall attendees will learn about and have the opportunity to ask questions and share views on the potential actions the Fed is considering.

As part of its overall mission, the Federal Reserve has a fundamental interest in ensuring there is a safe and robust settlement infrastructure on which the private sector can provide innovative payment services that serve the broad public interest. The settlement infrastructure concepts outlined in the Notice are intended to advance public policy goals for faster payments and to help support the modernization of the payment system. They are requesting your feedback to help assess the potential actions under consideration for achieving this.

To attend a town hall, click here to register. To learn more about the Federal Register Notice and the opportunity to submit comments, visit FedPaymentsImprovement.org.

in Industry News