|2014-07-10 14.03 New Services for Saving Costs on Remittances.wmv|
The World Bank projects worldwide remittances to developing countries to grow to over $436 billion by the end of 2014. Given the size of this market,remittances are increasingly a "must have" service for credit unions.
Watch this free webinar on FedGlobal ACH, an international payments service platform developed by the Federal Reserve to help credit unions expand their money transfer services and better serve immigrants.
Learn more about the international remittance market from Jorge Jimenez, FedGlobal Product Director, and Annette LoVoi, Appleseed Director of Financial Access and Asset Building, plus learn how FedGlobal ACH can benefit your credit union and your community.
Jorge Jimenez joined the Federal Reserve System as FedGlobal Product Director in 2010; he has been involved in payments systems for over a decade. Mr. Jimenez is changing conventional wisdom on International Payments, helping all financial institutions in the US provide low-cost international payments as well as remittance services. Mr. Jimenez has worked closely with the World Bank Payment Systems team and has conducted business in over 30 countries.
Annette LoVoi advanced the country's first remittance consumer protection rights in the rules interpreting the Dodd-Frank Wall Street Reform and Consumer Protection Act. She was invited to testify before the U.S. House of Representatives Subcommittee on Financial Institutions on remittance consumer protections twice, in 2007 and 2009, and served as a key resource in House and Senate consideration. Ms. LoVoi has developed published guidelines on the protection of immigrant assets for immigrant service providers, the religious community and social workers.