B2B Payments Education

The Federal Reserve will work with industry stakeholders to develop technologies and rules that foster greater ubiquity and interoperability among payment directories for person-to-person (P2P), person-to-business (P2B) and small business-to-business (B2B) payments. This effort supports the desire to achieve ubiquitous credit-push payments that can be made on new or legacy electronic payment platforms.

The Federal Reserve works with stakeholders to address barriers to electronic payment adoption by businesses, leveraging work already completed by the Business Payments Coalition (Off-site). The Federal Reserve, working with the Business Payments Coalition, will develop and implement education, including toolkits targeted for use by financial institutions and large businesses to enable counterpart small businesses to adopt electronic payments and related information;

Small Business Payments Toolkit (Off-site)

ACH Payments and Remittance Information Solutions for Businesses (March 2013, PDF)
Extended Remittance Information (ERI) Formats for Wire Transfers (August 2013, PDF)

Learn more about the Business Payments Coalition (Off-site).