ETA Submits Comments on The Federal Reserve’s Faster Payments Initiative

Dear Secretary Misback:

The Electronic Transactions Association (“ETA”) submits these comments in response to the Board of Governors of the Federal Reserve System (“Federal Reserve”) request for comment entitled Potential Federal Reserve Actions To Support Interbank Settlement of Faster Payments. ETA supports the Federal Reserve’s proposal as one part of the competitive faster payments marketplace and encourages continued development and deployment of products and services to help serve consumers, and businesses. ETA appreciates the Federal Reserve’s efforts to collaborate with the payment industry to foster innovation in the payment system and for considering ways to support faster payments including a proposal to provide increased liquidity.

Read ETA’s full comments here.