Notice2024-07982
Change in Classes of General Applicability for Competitive Products
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 16, 2024
Issuing agencies
Postal Service
Abstract
This notice sets forth changes in classes of general applicability for competitive products.
Full Text
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<title>Federal Register, Volume 89 Issue 74 (Tuesday, April 16, 2024)</title>
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[Federal Register Volume 89, Number 74 (Tuesday, April 16, 2024)]
[Notices]
[Pages 26965-26966]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-07982]
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POSTAL SERVICE
Change in Classes of General Applicability for Competitive
Products
AGENCY: Postal Service<SUP>TM</SUP>.
ACTION: Notice of a change in classes of general applicability for
competitive products.
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SUMMARY: This notice sets forth changes in classes of general
applicability for competitive products.
DATES: Applicable date: July 14, 2024.
FOR FURTHER INFORMATION CONTACT: Christopher C. Meyerson, 202-268-7820.
SUPPLEMENTARY INFORMATION: On February 8, 2024, pursuant to their
authority under 39 U.S.C. 3632 and 3642, the Governors of the Postal
Service established classification changes for rate categories for
vendor-assisted electronic money transfer, which are within the
International Money Transfer Service--Outbound product found at Mail
Classification Schedule section 2620.3. The Governors' Decision and the
record of proceedings in connection with such decision are reprinted
below in accordance with section 3632(b)(2).
Sarah Sullivan,
Attorney, Ethics and Legal Compliance.
Decision of the Governors of the United States Postal Service on Mail
Classification Schedule Changes Concerning International Money Transfer
Service--Outbound and International Money Transfer Service--Inbound
(Governors' Decision No. 24-2)
February 8, 2024
Statement of Explanation and Justification
Pursuant to our authority under section 404(b) and Chapter 36 of
title 39, United States Code, the Governors establish classification
changes to the International Money Transfer Service (IMTS)--Outbound
product and the IMTS--Inbound product, to occur in three phases.
As for the first phase, the IMTS--Outbound product includes an
Electronic Money Transfer service that enables customers to make
payments or transfer funds to individuals or firms in foreign
destinations. Electronic money transfers are available through the Sure
Money (DineroSeguro) service, which is based on an agreement with a
financial services company. During the last few years there have been
significant declines in the number of electronic money transfers
purchased from the Postal Service, and despite substantial historical
price increases, the Sure Money (DineroSeguro) service has not covered
its costs. Thus, the Postal Service intends to terminate the Sure Money
(DineroSeguro) service by removing the prices and price categories in
Mail Classification Schedule section 2620 that concerns IMTS--Outbound.
As for the second and third phases, IMTS--Outbound enables
customers to make payments or transfer funds to individuals or firms in
foreign destinations. This product includes hardcopy international
postal money orders, which may be offered in cooperation with foreign
postal operators. IMTS--Inbound provides a service to foreign postal
operators for cashing of hard copy international postal money orders
sent to recipients in the United States. During the last few years
there have been significant declines in the number of international
postal money orders sold and cashed by the Postal Service, and despite
substantial historical price increases, the international postal money
order service has not covered its costs.
Currently, both the outbound and inbound international postal money
[[Page 26966]]
order services are based on underlying bilateral agreements executed
with various foreign postal operators. During the last few years, there
have been significant declines in the number of international postal
money orders purchased. Thus, the Postal Service intends to terminate
both the outbound and inbound international postal money order
services, first by terminating the sales of international postal money
orders and removing the text concerning the IMTS--Outbound product from
the Mail Classification Schedule, and then by terminating the cashing
of international postal money orders and removing the text concerning
the IMTS--Inbound product from the Mail Classification Schedule.
We have evaluated the classification changes to IMTS--Outbound and
IMTS--Inbound in this context in accordance with 39 U.S.C. 3632 and
Sec. 3642. We approve the changes, finding that they are appropriate,
and are consistent with the applicable criteria.
Order
We direct management to coordinate with the U.S. Department to
State concerning the termination of the underlying bilateral agreements
in order to determine the consistency of this action with the Universal
Postal Union Postal Payment Services Agreement, and to file with the
Postal Regulatory Commission the required documents and supporting
documents consistent with this Decision. The changes in classification
to the Mail Classification Schedule set forth herein shall be
implemented in the following three phases,
<bullet> The removal of prices for Sure Money (DineroSeguro) for
IMTS--Outbound from the Mail Classification Schedule, effective July
14, 2024, or as soon as practicable thereafter (Phase I),
<bullet> The removal of the IMTS--Outbound product from the Mail
Classification Schedule, effective October 1, 2024, or as soon as
practicable thereafter (Phase II),
<bullet> The removal of the IMTS--Inbound product from the Mail
Classification Schedule, effective October 1, 2025, or as soon as
practicable thereafter (Phase III).
By The Governors:
/s/
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Roman Martinez IV,
Chairman, Board of Governors.
United States Postal Service Offie of the Board of Governors
Certification of Governors' Vote on Governors' Decision No. 24-2
Consistent with 39 U.S.C. 3632(a), I hereby certify that, on
February 8, 2024, the Governors voted on adopting Governors' Decision
No. 24-2, and that a majority of the Governors then holding office
voted in favor of that Decision.
/s/
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February 8, 2024
Michael J. Elston,
Secretary of the Board of Governors.
Part B
Competitive Products
2000 Competitive Product List
* * * * *
2600 Special Services
* * * * *
2620 International Money Transfer Service--Outbound
* * * * *
2620.3 Prices
* * * * *
Vendor Assisted Electronic Money Transfer
[Reserved]
[GRAPHIC] [TIFF OMITTED] TN16AP24.058
* * * * *
[FR Doc. 2024-07982 Filed 4-15-24; 8:45 am]
BILLING CODE 7710-12-P
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