Embrace the Evolution: Modernizing B2B Payments
The Federal Reserve is working with the industry to modernize B2B payments. Read about recent progress and initiatives currently underway to improve payments efficiency.
Why Modernization is Key for B2B Payments
The Federal Reserve is committed to supporting the shift to electronic business to business (B2B) payments. Read more on the state of the industry, the benefits of successful adoption of digital processes, and how to get involved.
Modernizing B2B Payments: The Time for Digitalization is Now
As the payments industry moves rapidly toward digitalization, the Federal Reserve is dedicated to helping businesses embrace B2B payments modernization.
X9 Launches ISO 20022 Market Practice Industry Forum
The Accredited Standards Organization X9 is looking to catalyze ISO 20022 common data usage in the U.S. market through their ISO 20022 Market Practice Group.
Understanding Semantic Data Models and the Impact on Straight-Through Processing
On Dec. 30, the Business Payments Coalition (BPC) published its third report on electronic invoicing (e-Invoicing) as part of its initiative to continue dialogue with the industry to address barriers to corporate business-to-business (B2B) payments efficiency: e-Invoice Interoperability Framework: Semantic Model Assessment (Off-site, PDF) – provides a comprehensive analysis of …
Top Reasons Why an e-Invoice Interoperability Framework is Important
On Dec. 5, industry experts joined the Business Payments Coalition’s (BPC) webinar (Off-site) which outlines the concept of an e-Invoice interoperability framework, market challenges and benefits of addressing them and a path forward for the BPC work assessing U.S. market needs. Watch the webinar to learn more about how an …
e-Invoicing is a necessary first step to achieving straight-through processing for B2B payment transactions
On November 1, the Business Payments Coalition (Off-site) (BPC) published two of three new electronic invoicing (e-Invoicing) reports as part of their initiative to continue dialogue with the industry to address barriers that lead to corporate business-to-business (B2B) payments efficiency. These reports will provide you with the background and methodology …
Progress in Advancing the U.S. Payment System
It’s been nearly five years since the Federal Reserve published the Strategies for Improving the U.S. Payment System (SIPS) paper, a seminal work in guiding the nation’s payment industry toward a faster, safer and more efficient payment system in the United States. A lot has happened in those five short …
Check out the Newly Released Spring 2019 Progress Report
The Federal Reserve continues to generate momentum toward the desired outcomes outlined in the Strategies for Improving the U.S. Payment System (PDF) paper released in 2015 and built upon in the 2017 Next Steps in the Payments Improvement Journey (PDF) paper. The Spring 2019 Progress Report (PDF) released today provides …
Fall 2018 Progress Report Now Available: Payment Improvements Continue to Gain Momentum
We are pleased to announce the release of our Fall 2018 Progress Report (PDF)! The report highlights the important work we’ve completed in collaboration with the industry and next steps we’re taking toward the desired outcomes for speed, security, efficiency, international payments and collaboration as outlined in the Strategies for Improving …