Highlights
Expanding the Synthetic Identity Fraud Mitigation Toolkit
The Federal Reserve published two new modules in its Synthetic Identity Fraud Mitigation Toolkit. This latest release includes additional insights and resources on differentiating real customers from synthetics using identity validation tools and alternative data, and offers a deeper look into identifying synthetics at different stages of an account relationship.
Federal Reserve Explores Central Bank Digital Currency
Central banks around the world, including the Federal Reserve, are exploring the potential for central bank digital currency (CBDC), a digital liability of a central bank that is widely available to the general public. Learn about the Fed’s efforts, including a public comment period on a recently released paper from the Federal Reserve Board which is currently open through May 20, 2022.
Payments Improvement News and Announcements
New Guide Provides Clarity on Use of ISO® 20022 Remittance Information
Accredited Standards Committee (ASC) X9’s ISO 20022 Market Practices Forum released the ISO 20022 Remittance Content Market Guide to clarify what ISO 20022 remittance information to use with business-to-business (B2B) payments. Learn what’s included in the guide, why it matters and how this guide will further advance straight-through processing for B2B payments.
The FraudClassifierSM Model in Action: Alloya Corporate Federal Credit Union
The FraudClassifier model helps organizations speak the same language and obtain a holistic picture of fraud involving payments. Learn how Alloya Corporate Federal Credit Union is using the model with their existing fraud tracking approaches.
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Hear from the Federal Reserve at Upcoming Events
Nacha Smarter Faster Payments 2022: Day 1 – May 1
Nacha Smarter Faster Payments 2022: Day 2 – May 2
Nacha Smarter Faster Payments 2022: Day 3 – May 3
Nacha Smarter Faster Payments 2022: Day 4 – May 4
Global Currency Forum – May 4
Windy City Summit – May 17
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“FraudClassifier” is a service mark of the Federal Reserve Banks. A list of marks related to financial services products that are offered to financial institutions by the Federal Reserve Banks is available at FRBservices.org®.
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