Vments response to Fed Improvements for RTGS and Faster Payments Request for Comment

The Federal Reserve Board recently invited public comment on actions the Federal Reserve could take to support faster payments in the United States. The potential solutions would facilitate real-time interbank settlement of faster payments and build on collaborative work with the payment industry.

“Vments is pleased to share our response to this major initiative which will pave the road for Banking into the Future when our suggestions and IP can become part of the platform enabled by the US Federal Reserve,” says Steve Wasserman, CEO, Founder & Architect of Vments INC.

Vments responded to the call for public comment on the Fed’s plans to build a real-time gross settlement (RTGS) and faster payments platform and ecosystem for 24x7x365 real-time payments and corresponding settlement which is interoperable and ubiquitous for all types and sizes of banks and financial services that can depend on it.

Click here to see our public response

Wasserman also stated, “Our suggestions include the use of a Central Bank Digital Currency (CBDC) which Vments can enable through its non-crypto virtual fiat money and can be best leveraged on a global scale when other country central bank initiatives follow our roadmap.”

Click here to see the one-page summary of Vments for CBDCs.

Vments response to the call for public comment provides for a payment infrastructure to support real-time payments and settlement for Banking Into The Future.