[Federal Register Volume 89, Number 74 (Tuesday, April 16, 2024)]
[Notices]
[Pages 26965-26966]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-07982]


-----------------------------------------------------------------------

POSTAL SERVICE


Change in Classes of General Applicability for Competitive 
Products

AGENCY: Postal ServiceTM.

ACTION: Notice of a change in classes of general applicability for 
competitive products.

-----------------------------------------------------------------------

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,
     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),
     The removal of the IMTS--Outbound product from the Mail 
Classification Schedule, effective October 1, 2024, or as soon as 
practicable thereafter (Phase II),
     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/

-----------------------------------------------------------------------
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/
-----------------------------------------------------------------------
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