NEACH welcomes the opportunity to submit this comment letter to the Board of Governors of the Federal Reserve System (the "Fed") in response to the discussion paper Money and Payments: The U.S. Dollar in the Age of Digital Transformation. NEACH views the effort to improve the U.S. payment system as a public-private partnership and appreciates the Fed's efforts to date to coordinate discussion among industry participants. In addition to our own comments, we would like to support the comments provided by Nacha in their May 11, 2022 submission.