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Industry Perspective

Engage for change: Join the Fed's payments improvement task forces

The time to join is now! The Federal Reserve has opened registration for two task forces described in its recently published Strategies for Improving the U.S. Payment System paper. The Faster Payments Task Force and Secure Payments Task Force are part of the Fed’s strategy to enhance its level of engagement with payment stakeholders to advance the strategies set forth in the paper. Each task force is open to all interested stakeholders with relevant payments knowledge and experience who can commit the required time and resources to these key initiatives. Find out how you can get involved!
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FedACH<sup>®</sup> ServicesFedACH® Services
Bank of Labor utilizes FedGlobal® ACH Payments to provide solutions for its customers

Now, more than ever, businesses and consumers are sending money internationally. The FedGlobal ACH Payments service provides financial institutions a wide range of payment options to help meet that demand by combining convenient access to popular payment destinations with robust customer support. Read on to learn how Bank of Labor is using FedGlobal ACH Payments to provide an international payment offering to its customers.

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The what, when and where of the National Settlement Service

The National Settlement Service (NSS) is a multilateral settlement system with real-time finality − once a settlement file has been successfully processed by the Federal Reserve Banks, the settlement entries are final and irrevocable. The service offers financial institutions involved in multilateral settlement arrangements a fast and efficient means to settle the obligations that arise under those arrangements. Learn about the benefits of the NSS, its hours of operation and where to go for more information.

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FedLine<sup>®</sup> Access SolutionsFedLine® Access Solutions
Did you know that fully utilizing your FedLine connection may lead to revenue growth?

For many financial institutions, the information that is contained within the Automated Clearing House (ACH) payment file may be as valuable as the actual payment. As the ACH network is increasingly being used to send business-to-business payments, financial institutions that are able to leverage this information will be able to extend its value to their corporate customers and may increase payments-related revenue. Discover how the Fed’s services may help deliver bottom line growth for your institution.
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Events and EducationEvents and Education
Reading and learning go hand in hand

National Library Week, which will be observed April 12-18, is a time to celebrate the contributions of our nation's libraries and librarians and to promote library use and support. Just as reading is one way to learn something new, attending any of the Federal Reserve Bank Events is a great way to gain greater insight, build your skills in using Federal Reserve Financial Services and boost your FEDucation. Check out all of the Fed’s learning opportunities that are available to your institution.
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FedFocus is your source for the latest Federal Reserve Bank Services news. Each issue keeps you informed about hot topics in the industry, as well as provides insight into the value of Federal Reserve Financial Services.