FedPayments Improvement Pulse – October, 2018

A monthly newsletter for the FedPayments Improvement Community

October Highlights

Federal Reserve Board seeks comments on potential actions to support faster payments

The Federal Reserve Board of Governors is seeking input through a Federal Register Notice (Notice) (Off-site) on potential actions the Federal Reserve could take to promote ubiquitous, safe, and efficient faster payments by facilitating real-time interbank settlement of faster payments.
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Federal Reserve Payments Study finds U.S. payments fraud a small but growing fraction of overall payments

Check out the latest Federal Reserve Payments Study data release! This study tracks and reports aggregate estimates of payment volumes, payments fraud and related information in the United States.
LEARN MORE (Off-site)

Recent Payment Improvement Announcements

Read the Recently Released Fall 2018 Progress Report

We are seeing strong momentum and collaboration across the payments industry toward our desired outcomes – improved speed, security, efficiency, collaboration, and international payments. Read the Fall 2018 Progress Report (Off-site) and learn how your organization can engage in the journey toward a better payment system for the future!

Learn about the Federal Reserve’s Next Steps in Advancing Payments Security

As announced at the FedPayments Improvement Community Forum in October, the Federal Reserve has identified four priorities for near-term action to collaborate with the industry to reduce fraud risk and advance the safety, security and resiliency of the payment system.  Read more about these efforts – and find out how you can help – by visiting the Payments Security page on FedPaymentsImprovement.org.

FedPayments Improvement Community Forum Interview Series Now Available

Unable to attend the Forum – check out the recently published materials on FedPaymentsImprovement.org! We also encourage you to watch the Forum interview series to hear what your peers and Fed leaders had to say about the Forum.

Watch Governor Brainard Keynote Address from the FedPayments Improvement Community Forum

On October 3, 2018, Governor Brainard announced that the Federal Reserve System (Board) is seeking input through a Federal Register Notice on actions the Federal Reserve could take to facilitate real-time interbank settlement of faster payments. View her recorded speech to learn more about this announcement!

Your Voice Matters – Stay Engaged

Join us! Register for a Federal Reserve Town Hall Near You

The Federal Reserve will hold public Town Hall meetings in its 12 districts to discuss the Federal Register Notice (Notice) (Off-site) with stakeholders across the nation. During these town halls, Fed representatives will provide an overview of the conceptual approaches presented in the Notice, answer questions about the potential actions outlined, and facilitate dialogue with other stakeholders.

Space may be limited at a Town Hall near you – RSVP (Off-site) today!

Meet with Federal Reserve Experts at Upcoming Industry Events

AFP Annual Conference: November 4-7 (Off-site)
The U.S. Path to Faster Payments
Strategies to Advance the U.S. Payment Safety, Resiliency and Security

TPPPA Executive Summit: November 14-16 (Off-site)
Progress on the Path to Faster Payments

TCH Annual Conference: November 26-28 (Off-site)
Federal Reserve Presidents Panel

In The News –

Wall Street Journal – October 3, 2018 (Off-site)
Federal Reserve Floats Proposal to Modernize Its Payments System

Reuters – October 3, 2018 (Off-site)
Fed seeking comment on supporting real-time gross settlement: Brainard

View more articles on our News page on FedPaymentsImprovement.org