CUNA to Host Webinar on Fed Faster Payments Nov. 28

CUNA will conduct a webinar on the Federal Reserve’s development of faster payments, designed to answer member questions and solicit feedback for CUNA’s comments. Registration is currently open for the free, members-only webinar, scheduled for noon on Wednesday, Nov. 28.  

The webinar will discuss the Federal Reserve’s recent request for comments on two possible actions to develop faster payments in the U.S.

Those possible actions are:

  • The development of a service for real-time interbank settlement of faster payments 24 hours a day, seven days a week, 365 days a year (24x7x365); and
  • The creation of a liquidity management tool that would enable transfers between Federal Reserve accounts on a 24x7x365 basis to support services for real-time interbank settlement of faster payments.

Fed representatives have hosted a series of town halls detailing potential actions, one of which CUNA attended. League representatives attended several as well.

The Fed will conduct its own webinar, designed for those who didn’t attend a town hall, scheduled for Nov. 26 at 1 p.m.