As part of the Federal Reserve’s effort to study and improve payment systems, it has set six Town Hall meetings for members of various industries, including trade credit and collections to begin on November 12.
As noted in the October 3 and October 10 editions of eNews, the Fed is trying to identify key gaps and opportunities to improve U.S. payment systems in an effort to craft solutions for the business-to-consumer and business-to-business areas that will avoid unintended consequences. Spokespeople with the Fed’s Financial Services division reiterated in discussions with NACM this week that they are keenly interested in the B2B side of discussion and in fostering a relationship with credit managers regarding the payment systems improvement effort. The following dates and host cities for the Town Hall meetings, which require advanced registration, have been confirmed, and more information is available on each here:
- November 12 1:00-4:00pm (EST) Federal Reserve Bank of Atlanta
- November 13 1:00-4:00pm (EST) Federal Reserve Bank of Cleveland
- November 14 8:30-11:30am (CST) Federal Reserve Bank of Chicago
- November 15 8:30-11:30am (PST) Federal Reserve Bank of San Francisco
- November 18 8:30-11:30am (EST) Federal Reserve Bank of Boston
- November 20 8:30-11:30am (CST) Federal Reserve Bank of Dallas
NACM strongly encourages credit managers to attend one of these events and have their voices heard to help shape the future of electronic payments.
- Brian Shappell, CBA, CICP, NACM staff writer
Much more on this topic including information on a free November 5 NACM teleconference with a Federal Reserve VP in this week's edition of eNews, available weekly late Thursday afternoons.