December 2018 Newsletter


Thank you for your support in 2018!

The Federal Reserve thanks you for your collaboration and engagement with us to transform the U.S. payment system throughout 2018. We look forward to our continued work together, and wish you a very happy new year. Learn more about our progress.

Update Your Community Profile to Stay Informed of Payments Security Efforts

ACH and Wire Fraud Definitions and Remote Payments Fraud have been added as FedPayments Improvement Community subscription choices. Update your profile to learn more about industry efforts related to these topics and visit

Recent Announcements

Sean Rodriguez, Faster Payments Strategy Leader, Retires

Sean Rodriguez, Federal Reserve Faster Payments Strategy Leader, executive vice president, and 35-year veteran of the Federal Reserve, is retiring on a high note after steering multi-year collaborative industry efforts to a successful conclusion with the launch of a new industry-led organization, the U.S. Faster Payments Council (FPC). He will retire from the Federal Reserve Bank effective January 4, 2019. Read our blog celebrating his career and leave a comment expressing your well wishes.

Watch a Recording of the U.S. Faster Payments Council Webinar

Did you miss the informational webinars about the newly launched U.S. Faster Payments Council (Off-site)? Watch the recorded webinar (Off-site) to learn about the FPC’s mission, the benefits of membership, and more!

Comment Period Concludes for the Faster Payments Settlement Assessment Federal Register Notice

On December 14, the comment period closed for the Federal Register Notice 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. You can read the submitted comments by visiting the Federal Reserve Board’s website (Off-site).

Your Voice Matters – Stay Engaged

Follow FedPayments Improvement on Social Media

Want to stay up to date on all of our exciting initiatives and engagement opportunities? Follow us on Twitter (Off-site) and LinkedIn (Off-site)!

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 Community page today to update your information or click on the link below to manage your subscriptions!

Meet with Federal Reserve Experts at Upcoming Industry Events

Consumer Financial Services Committee Meeting: January 10 (Off-site)
Federal Reserve Activities in Support of Safe, Efficient, Faster Payments

Women in Payments: February 2 (Off-site)
Getting to Real-Time Payments in the U.S. – The Countdown to 2020

View more articles on our Events page.

Related Public News – December 4, 2018 (Off-site)
[PODCAST] Introducing the U.S. Faster Payments Council

American Banker – December 4, 2018 (Off-site)
Fed’s quandary: Build or not build a real-time payment network

Mirror – December 11, 2018 (Off-site)
New plan finds scammers no matter how many bank accounts they pass cash through

View more articles on our News page.