FedPayments Improvement Pulse – May, 2018

A monthly newsletter for the FedPayments Improvement Community

MAY’S HIGHLIGHTS

Attend the Secure Payments Webinar this June

Want to dive deeper into the lifecycle of a payment? Join us on June 12 for a webinar highlighting the recently published Payment Lifecycles and Security Profiles (Off-site); during this webinar we will also share the Federal Reserve’s next steps in addressing payment security!
LEARN MORE (Off-site)

Help Shape the Future of Faster Payments in the United States

Your help is needed: provide feedback on the proposed faster payments governance framework for an organization to be named the U.S. Faster Payments Council via an online survey by June 22!
LEARN MORE

Update Your FedPayments Improvement Community Profile

To help us better engage with you, we ask that you take a minute to tell us about your industry segment, role and which payment system improvement topics are of interest to you. Visit the self-service portal today!
LEARN MORE

RECENT PAYMENTS IMPROVEMENT ANNOUNCEMENTS

Simple Remittance Requirements Paper Now Available

The Business Payments Coalition recently published the Simple Remittance Requirements (PDF) paper, which provides information that may help small to medium size businesses (SMBs) convert from checks to electronic payments. The paper defines data needs for simple remittances that can be quickly adopted by SMBs. It also identifies levels of remittance information based on SMBs needs, starting with the minimal, viable set of data needed for payment application and reconciliation.

Your Voice Matters – Stay Engaged

Join Us in San Francisco to Discuss ISO 20022

In this last stop of the in-person education sessions, the Federal Reserve Banks continue their educational outreach program to increase awareness of their ISO® 20022 implementation initiative for the Fedwire® Funds Service. This session will deliver a high-level overview of content covered in the prior webinars for Phase 1, 2, and 3 and a detailed walk-through of Phase 2 and 3 ISO 20022 usage guidelines. Visit the Fedwire Funds Service ISO 20022 Implementation Center (Off-site) for more information and to register to join us today.

Meet with Federal Reserve Experts at Upcoming Industry Events

NACM’s 2018 Credit Congress & Expo: June 10-13 (Off-site)

  • The U.S. Path to Faster Payments

Central Bank Payments Conference: June 25-27 (Off-site)

  • How to Handle the Interoperability Issue
  • Initiatives to Facilitate Cross-Border Payments

Financial Innovation and Payments Summit: July 18-20 (Off-site)

Community Bankers Summit: July 23-25 (Off-site)

Visit our industry events page to learn more and reserve time to speak with Federal Reserve experts.

IN THE NEWS

Board of Governors of the Federal Reserve System – 5/8/18

Federal Reserve Board welcomes release of global strategy for reducing wholesale payments fraud (Off-site)

PaymentsSource.com – 5/2/18

Faster payments won’t happen without cross-industry governance (Off-site)

Visit our industry articles page to see more.