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Gain a clear, operator-level understanding of how transaction control is shifting and how to respond,

Three virtual sessions June 11, 18, and 25.

Third parties can help financial institutions attain strategic objectives, access expertise, or improve efficiency for a particular activity. The use of third parties does not diminish the responsibility to ensure that the activity is conducted in a safe-and-sound manner.

The Federal Reserve Business Payments Coalition’s E-invoice Exchange Market Pilot is working to develop and implement an exchange framework that will enable businesses in the United States to connect and exchange electronic invoices.  But how does an e-invoice travel from point A to point B in an exchange framework? The Fed has released a step-by-step overview of how an e-invoice moves through an exchange framework from supplier to buyer. 

With Direct Deposit, electronic payments are made directly into your bank account — there’s no check, and no trip to the bank. It’s just a predictable way of receiving money, and a more convenient way of benefiting from digital tools and money management apps that can help you budget.