Notice2024-15443
International Money Transfer Service
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
July 15, 2024
Issuing agencies
Postal Regulatory Commission
Abstract
The Commission is recognizing a recently filed Postal Service document with the Commission concerning the removal of International Money Transfer Service-Outbound and International Money Transfer Service-Inbound from the Mail Classification Schedule. This notice informs the public of the filing, invites public comment, and takes other administrative steps.
Full Text
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<title>Federal Register, Volume 89 Issue 135 (Monday, July 15, 2024)</title>
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[Federal Register Volume 89, Number 135 (Monday, July 15, 2024)]
[Notices]
[Pages 57433-57434]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-15443]
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POSTAL REGULATORY COMMISSION
[Docket No. MC2024-413; Order No. 7259]
International Money Transfer Service
AGENCY: Postal Regulatory Commission.
ACTION: Notice.
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SUMMARY: The Commission is recognizing a recently filed Postal Service
document with the Commission concerning the removal of International
Money Transfer Service-Outbound and International Money Transfer
Service-Inbound from the Mail Classification Schedule. This notice
informs the public of the filing, invites public comment, and takes
other administrative steps.
DATES: Comments are due: August 5, 2024.
ADDRESSES: Submit comments electronically via the Commission's Filing
Online system at <a href="http://www.prc.gov">http://www.prc.gov</a>. Those who cannot submit comments
electronically should contact the person identified in the FOR FURTHER
INFORMATION CONTACT section by telephone for advice on filing
alternatives.
FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at
202-789-6820.
SUPPLEMENTARY INFORMATION:
Table of Contents
I. Introduction
II. Contents of Filing
III. Commission Action
IV. Ordering Paragraphs
I. Introduction
On July 5, 2024, pursuant to 39 U.S.C. 3642 and 39 CFR 3040.130 et
seq., the Postal Service filed a request to remove Mail Classification
Schedule (MCS) section 2620 International Money Transfer Service
(IMTS)--Outbound, effective October 1, 2024, and to remove MCS section
2625 IMTS--Inbound, effective October 1, 2025, from the Competitive
product list in the MCS.\1\
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\1\ Request of the United States Postal Service to Remove
International Money Transfer Service-- Outbound and International
Money Transfer Service--Inbound from the Competitive Product List,
July 5, 2024, at 1 (Request).
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[[Page 57434]]
II. Contents of Filing
The Postal Service states that the removal of MCS section 2620
IMTS--Outbound, effective October 1, 2024 (Phase II), and the removal
of MCS section 2625 IMTS--Inbound, effective October 1, 2025 (Phase
III), from the Competitive product list in the MCS are authorized by
Governors' Decision No. 24-2. Id. at 1-2. Governors' Decision No. 24-2
also authorizes the removal of prices for Sure Money (DineroSeguro) for
the IMTS--Outbound product from the MCS, effective July 14, 2024 (Phase
I), which the Commission approved previously in Order No. 7175.\2\ The
Postal Service includes Governors' Decision No. 24-2 and proposed
changes to the MCS in legislative format in Attachment 1. Request at 2.
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\2\ Id. at 2 (citing Docket No. CP2024-230, Order Approving
Changes in Classifications of General Applicability for Competitive
Products, June 6, 2024, at 16 (Order No. 7175)).
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The Postal Service states that the Request satisfies the
requirements in 39 CFR 3040.131(a) through (f) because: (a) it includes
the name and class of the products that are the subject of the request;
(b) it includes a copy of the Governors' Decision supporting the
request in Attachment 1; (c) it indicates that the products to be
removed are from the Competitive product list; (d) it indicates that
the two products to be removed are not one of the three identified
categories subject to unique regulatory treatment; (e) it includes a
Statement of Supporting Justification in Attachment 2, which explains
why the requested changes to the MCS are not inconsistent with the
applicable statutory and regulatory requirements; and (f) it includes a
copy of the applicable sections of the MCS and the proposed changes in
legislative format in Attachment 1. Id. at 2-3; Attachments 1 and 2.
In its Statement of Supporting Justification, the Postal Service
states that the removal of the IMTS--Outbound product and the IMTS--
Inbound product from the MCS will not result in the violations of the
requirements in 39 U.S.C. 3633(a) for the following reasons. Id.,
Attachment 2 at 3-4. First, the removal of the two products is
consistent with 39 U.S.C. 3633(a)(2), because the IMTS--Outbound
product was already non-compliant in FY 2023 and the IMTS--Inbound
product was non-compliant in prior years. Id. Their removal will
eliminate the negative contribution of the two products and comply with
39 U.S.C. 3633(a)(2). Id. Second, consistent with 39 U.S.C. 3633(a)(3),
their removal will not impact Competitive products' ability to
collectively cover an appropriate share of the Postal Service's
institutional costs, because the IMTS--Outbound product and the IMTS--
Inbound product each generates a very small amount of revenue. Id.
Third, consistent with 39 U.S.C. 3633(a)(1), it is unlikely that the
removal of the two products that generate a very small amount of
revenue would lead to the subsidization of Competitive products by
Market Dominant products. Id.
In addition, the Postal Service states that its share of the market
for services that are similar to international postal money orders is
very small and there have been significant declines in the volume of
the IMTS--Outbound and IMTS--Inbound products in recent years. Id. at
5-6. The Postal Service thus concludes that the impact of the removal
of the two products on competitors is likely to be minimal. Id. at 6.
Furthermore, the Postal Service states that while it has no specific
views from customers about the removal of the two products, its
customers have not expressed much interest in the products or availed
themselves of the products for some time, which suggests that market
interest among customers for these two products is ``low to non-
existent.'' Id. Finally, the Postal Service states that there appears
to be a number of entities that provide electronic money transfer
services that are somewhat similar to international postal money
orders, and the Postal Service's share of the market for such similar
services is very small. Id. The Postal Service therefore concludes that
the impact of the removal of the two products on small business
concerns is ``likely to be minimal.'' Id. at 6-7.
III. Commission Action
The Commission establishes Docket No. MC2024-413 for consideration
of matters raised by the Request.
The Commission invites comments on whether the Postal Service's
filing is consistent with 39 U.S.C. 3633 and 3642 and 39 CFR 3040.130,
3040.131, and 3040.132. Comments are due no later than August 5, 2024.
The public portions of the filings can be accessed via the Commission's
website (<a href="http://www.prc.gov">http://www.prc.gov</a>).
The Commission appoints Samuel Robinson to represent the interests
of the general public (Public Representative) in this docket, pursuant
to 39 U.S.C. 505.
IV. Ordering Paragraphs
It is ordered:
1. The Commission establishes Docket No. MC2024-413 for
consideration of matters raised by the Postal Service's Request.
2. Pursuant to 39 U.S.C. 505, Samuel Robinson is appointed to serve
as an officer of the Commission (Public Representative) to represent
the interests of the general public in this proceeding.
3. Comments are due no later than August 5, 2024.
4. The Secretary shall arrange for publication of this order in the
Federal Register.
By the Commission.
Erica A. Barker,
Secretary.
[FR Doc. 2024-15443 Filed 7-12-24; 8:45 am]
BILLING CODE 7710-FW-P
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