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ICBA Encourages Participation In Faster Payments Assessment

ICBA Encourages Participation in Faster Payments Assessment

Oct. 22, 2018 — ICBA is encouraging community bankers to provide feedback to the Federal Reserve on its role in faster payments. The Fed is hosting a series of town hall meetings and accepting comments on facilitating real-time interbank settlement of faster payments and a liquidity management tool to support settlement services.

The town hall meetings are slated to start next week in each of the Fed’s 12 regional districts. At the meetings, Fed representatives will provide an overview of conceptual approaches, answer questions, and facilitate stakeholder discussions. Formal comments to the agency are due by Dec. 14.

Following the Fed’s Federal Register notice earlier this month, ICBA called on the agency to ensure a role for itself in faster payments to guarantee universal access for financial institutions of all sizes.

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