Federal Reserve's RFC Regarding Real Time Gross Settlement (RTGS) and Liquidity Management
On October 3, 2018, the Federal Reserve System issues a Federal Register notice seeking public comment on their potential implementation of a Real time Gross Settlement Service (RTGS) and a Liquidity Management System, both of which would facilitate faster payments and operate 24x7x365. WesPay is preparing a response to this proposed action and we welcome your feedback to inform our commentary.
Additional Member Materials
On November 8, 2018, WesPay hosted a Town Hall to help members better understand the Federal Reserve's Request for Comment and during the Town Hall, we asked a few survey questions. We are asking members for additional feedback on one question to provide insights to your intentions with Real Time Payments. A brief two-question survey is available through the link below "Additional Member Materials & Survey Question". We expect this will require less than one minute to complete. (This survey is now closed.)
Members interested in learning more about this topic are encouraged to use the link below to access additional materials, including a summary document explaining the Federal Reserve's proposed actions. If you participated in the Town Hall, the documents are in your Learning Center Dashboard. If you were unable to participate they are available through the 'additional materials' link below. Member sign in is required.
We encourage each member organization to review the documents and provide your own response directly to the Federal Reserve.
Federal Reserve's full notice on RFC
Member sign in required.