The Federal Reserve and Business Payments Coalition 
Remittance Delivery Work Group
Expression of Interest Form 

In today’s B2B electronic payments environment, retrieving remittance information, matching it to a payment and posting it to an account is largely a manual process. Solving these manual pain points is integral to gaining the efficiencies made available in an evolving payments ecosystem. The good news is that the industry recently developed a model for exchanging e-invoices that might easily be translated to support exchanging e-remittance information.  
 
The Federal Reserve and BPC are preparing to launch a Remittance Delivery Work Group to assess the E-invoice Exchange Framework architecture to understand if it is feasible for electronic delivery of remittance information. The Work Group will: 
  • Assess the feasibility and fit of the e-invoicing exchange framework delivery standards and architecture for remittance across all payment types 
  • Identify and document gaps and adaptations required for the business model to support remittance 
  • Identify and document considerations to advance progress toward establishment of a remittance exchange framework in the U.S. market 
  • Recommend industry next steps 
  • Prepare and publish a work group report 

We’re seeking experienced industry leaders to participate in conducting this assessment. Participants should have experience or expertise in one or more of the following areas: 
  • Remittance and payment processing and posting  
  • Current remittance information delivery processes, both within and separate from electronic payments 
  • Knowledge of challenges businesses currently face with delivery of remittance information 
  • Strong knowledge of the BPC E-invoice Exchange Framework 
The Federal Reserve and the BPC will be accepting expressions of interest from qualified individuals through August 13, 2021. The time commitment is expected to be 1 – 2 hours weekly, depending on participation in subgroup activity, from September 2021 – March 2022. The work group will be announced in late August. 

To express interest, please provide the following information: 

Contact information

Relevant Experience

Describe current or previous experience in the sections below, including that of your organization. Non-applicable sections should be left blank.
The Federal Reserve Banks’ collection of your professional background, experience and contact information is designed solely to help assess your qualifications for participation in the Remittance Delivery Work Group. The information will be retained by the Federal Reserve Banks until shortly after the full work group is identified and established. Detailed information on the processing of your personal data can be found in our Privacy Policy. If you have any questions or concerns, you can contact us at FedPaymentsImprovement@chi.frb.org