February 2020 Pulse Newsletter

Highlights

Celebrating Five Years of Progress on the Path to Payments Improvement

This January marked the five-year anniversary of the Strategies for Improving the U.S. Payment System initiative. To commemorate this milestone, Federal Reserve payments leaders share their perspectives on recent successes and future momentum on the path toward a faster, safer and more efficient payment system.

New Community Member Spotlight: Andrew Boyajian

Andrew Boyajian is an international payments expert with a focus on secure technology. Read about his perspectives on the growing awareness and interest in cross-border payments in our latest FedPayments Improvement Community member spotlight.

Recent Announcements

Ken Montgomery Speaks with American Banker

The Federal Reserve is making progress to develop the FedNowSM Service, with resiliency, fraud mitigation and payments security remaining core components of this instant payment offering. In a recently published American Banker article, “Why the Fed is taking an incremental approach to faster payments,” (Off-site) learn more about this progress from Ken Montgomery, first vice president and COO of the Federal Reserve Bank of Boston and FedNow program executive. An accompanying podcast is available here (Off-site).

Business Payments Coalition Webinar Recording Available

On Jan. 30, the Business Payments Coalition (BPC) hosted a webinar on its e-Delivery Network Feasibility Assessment (Off-site, PDF) and Semantic Model Assessment (Off-site, PDF) reports. This webinar built on a Dec. 5 webinar, which covered the Overview of an e-Invoice Interoperability Framework (Off-site, PDF) report. Together the three reports lay the foundation for establishing an e-Invoice framework in the U.S. as a necessary first step to achieving straight-through processing for B2B payments transactions. Unable to attend? Listen to the webinar recordings (Off-site).

Read Governor Lael Brainard’s Speech on the Digitalization of Currency and Payments

Federal Reserve Board Governor Lael Brainard recently spoke on payments at the Symposium on the Future of Payments in Stanford, Calif. Her speech titled “The Digitalization of Payments and Currency: Some Issues for Consideration” discussed digital payments, instant payments infrastructure and more. Read her speech (Off-site).

Your Voice Matters – Stay Engaged

Join FedPayments Improvement on Social Media

Stay up to date on the latest news, initiatives and engagement opportunities — connect with us on Twitter (Off-site) and LinkedIn (Off-site)!

Meet with Federal Reserve Experts at Upcoming Industry Events

MAC Level Up 2020 (Off-site) – March 3

Michigan Bankers Association BEST Conference (Off-site) – March 4 – 5

Connect ID 2020 (Off-site) – March 12

WesPay Fraud Symposium (Off-site) – March 17

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