Federal Reserve Financial Services frequently attends industry conferences to engage with the ecosystem on advancing the speed, security and efficiency of payments. Read highlights from key events this fall.
This year’s event focused on current and evolving trends in innovation, instant payments, global payments, digital currencies, security and information sharing.
Addressing B2B payment inefficiencies will help businesses improve their cash flows, reduce payment risks and provide better payment-related data. Learn more about the challenges and benefits of electronic B2B payment adoption.
The E-remittance Exchange Pilot confirmed that an exchange framework supports the sending, receiving and automation of electronic remittance (e-remittance) information, which moves the industry closer to achieving straight-through processing.
Each spring, the industry comes together at conferences and events to explore the latest trends, share knowledge and discuss the exciting future of payments. Read more about where you can connect with Federal Reserve Financial Services this year.
The Business Payments Coalition with support from the Federal Reserve, has launched an E-remittance Exchange Pilot. Pilot participants are testing an electronic delivery network – known as an exchange framework ecosystem – that will enable all kinds of businesses to exchange electronic remittance information.
The Remittance Delivery Work Group has completed a successful validation phase where they demonstrated it is operationally feasible for an exchange framework to deliver electronic remittance (e-remittance) information for B2B payments. Read the report.
Participants of the Business Payments Coalition’s E-invoice Exchange Market Pilot recently formed the Digital Business Networks Alliance as the legal entity overseeing a new electronic exchange network.
In the second installment of the Exchange Framework Profile Series, Marcos Martinez of Equinor discusses how the e-invoice exchange framework can help automate and strengthen domestic operations to align with the digitalization of other markets.
As a member of the Business Payments Coalition’s E-invoice Exchange Market Pilot, Microsoft is on the front lines helping to test the e-invoice exchange framework. Hear from Jayna Bundy on how the exchange framework will help improve the future of the B2B payments ecosystem.