I don't know how anyone else reads this but they way I read this is that Ripple Labs, Fidor & City National are each giving presentations during that session. I'm not sure if it indicates that they are working together but that would be good to know. Still interesting that Ripple is getting a seat at the table.
https://alliance.nacha.org/sites/alliance.nacha.org/files/files/Meetings%20website%20page/DRAFT%20Preliminary%20%20Agenda%20-%209_4_14.pdfthis document says
Global Strategy Session – New Solutions – Eliminating Friction from Cross- Border Payments
International payments represent a significant business opportunity, but these payments can be difficult to manage. Challenges still exist regarding transparency, time required for funds to clear, tracking payment progress, foreign exchange, etc. Are there innovative solutions to ease the pain? This session will feature executives from Fidor Bank and City National Bank, who will share their thoughts on innovation in this space – and their recent announcements to partner with Ripple Labs. Ripple is an open, decentralized payments protocol that enables anything of value to be traded through a global web. How and why will they use Ripple for cross-border? Session includes discussion of drivers such as real-time.
Funny enough, the follow-up session is called "Federal Reserve Payments Roadmap" by Chicago FED