On October 3, the Federal Reserve Board of Governors published a Federal Register Notice, requesting public comment on potential actions that the Fed could take to facilitate real-time interbank settlement of faster payments. In order to help the industry better understand these potential actions, we will host a public town hall at the Federal Reserve Bank of Boston on November 9, 2018 beginning at 12 p.m. Town hall attendees will learn about and have the opportunity to ask questions and share views on the potential actions the Fed is considering.

As part of its overall mission, the Federal Reserve has a fundamental interest in ensuring there is a safe and robust settlement infrastructure on which the private sector can provide innovative payment services that serve the broad public interest.  The settlement infrastructure concepts outlined in the Notice are intended to advance public policy goals for faster payments and to help support the modernization of the payment system. We are requesting your feedback to help assess the potential actions under consideration for achieving this.

To learn more about the Federal Register Notice and the opportunity to submit comments, visit FedPaymentsImprovement.org.