New on FedPayments Improvement

Federal Reserve Board Makes Final Amendments to Regulation CC

The Federal Reserve Board on May 31 announced final amendments to the check collection and return provisions in Regulation CC (Availability of Funds and Collection of Checks) and also requested further public comment on an additional proposed amendment to Regulation CC’s liability provisions. The final amendments update Regulation CC to reflect the evolution of the nation’s check collection system from one that is largely paper-based to one that is virtually all electronic.

Learn more by reviewing the amendment and press release (Off-site), gain insight to how these updates relate to the Strategy 5 goal of accelerating interbank settlement for check payments outlined in the Strategies for Improving the U.S. Payment System paper and stay posted for an opportunity to comment, expected shortly, on additional proposed Regulation CC updates when the Federal Register notice is published.

Where in the World is FedPayments Improvement? June Edition

Just like the Harlem Globetrotters travel the world playing basketball, we travel the world keeping the payments industry informed on the progress of our initiative. By the end of this year, we will have amassed hundreds of industry engagements in … Continue reading

Opportunity to Provide Feedback on Payment Use Cases

The 180-member Secure Payments Task Force convened by the Federal Reserve to advance the safety, security and resiliency of the national payment system is asking the industry for feedback on a set of payment use cases, which map out the … Continue reading

Where in the World is FedPayments Improvement? April Edition

In 2016, we conducted nearly 500 presentations at conferences and meetings all around the world and we have no plans of slowing down any time soon! Once again, we’ll be traversing the globe to inform the industry and stakeholders on … Continue reading

Third Volume’s a Charm: Check out the Latest Small Business Payments Toolkit

The Business Payments Coalition originally released the Small Business Payments Toolkit (PDF) in April of 2015 to further encourage the adoption of electronic business-to-business payments and remittance information exchanges by small businesses. Each volume builds upon the content released in previous … Continue reading