Electronic Invoicing

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 Payment, Standards and Outreach Group of the Federal Reserve Bank of Minneapolis collaborates with stakeholders to explore the possibility of developing and implementing a standard, ubiquitous B2B electronic invoice and processing platform similar to ones that have been developed in other countries.