A monthly newsletter for the FedPayments Improvement Community
Stay Up-to-Date On Fraud Definitions Work Group’s Progress
The Fraud Definitions Work Group held their second in-person meeting at the Denver branch of the Federal Reserve Bank of Kansas City in early June. Read the meeting summary (PDF) to find out the latest on the efforts of the work group.
An Interview with the Fed’s Roger Replogle
What role does cash pay in an increasingly electronic environment? Read this interview with Roger Replogle (Off-site), executive vice president and Cash Product manager for the Federal Reserve System’s Cash Product Office, for his take on cash trends in a modern world.
FedPayments Improvement Community Roundtable Summary and Video Now Available
We just released a summary and video re-cap of our May 7 Roundtable at the PAYMENTS 2019 (Off-site) conference. FedPayments Improvement Community members had the opportunity to discuss faster, secure, efficient and cross-border payments with industry colleagues and Fed leaders. Read the summary and watch the video (Off-site) to learn some key insights!
Recent Payments Improvement Announcements
Opportunity for Financial Institutions to Prepare for a Cyber-attack
The Financial Services Information Sharing and Analysis Center (FS-ISAC) (Off-site) is hosting its Cyber-Attack Against Payment Systems (CAPS) exercise this year, and we encourage FS-ISAC members and regulated financial institutions to consider participating. Participate from your own premises in a virtual, confidential, 2-day tabletop exercise that simulates Incident Response meetings during an attack affecting payment systems and processes. The CAPS exercise will take place October 1-2 and October 8-9; more information, including the link to register, can be found on the FS-ISAC website (Off-site).
Fed Leader Provides Secure Payments Update
Listen to our payments security strategy leader, Ken Montgomery (Off-site), as interviewed by PaymentsJournal Podcast on the Fed’s latest secure payments initiatives: the Fraud Definitions Work Group and synthetic identity payments fraud research and education.
Your Voice Matters – Stay Engaged
Follow FedPayments Improvement on Social Media
Meet with Federal Reserve Experts at Upcoming Industry Events
Community Bankers of Iowa Annual Management Conference & Convention – July 17-29 (Off-site)
Faster Payments Discussion Panel
Independent Community Bankers of South Dakota Retreat – July 25-27 (Off-site)
Progress on the Path of Payments Improvement
Visit our industry events page to learn more and reserve time to speak with Federal Reserve experts.
In The News –
American Banker ‘Bankshot’ Podcast – June 10, 2019
Episode 6: Why is the U.S. payments system still so slow? (Off-site)
NAFCU Newsroom – June 4, 2019
Consumer privacy, Fed Bank update on NAFCU Cyber and Payments Committee agenda (Off-site)
Card Not Present® – May 23, 2019
Fed Shares Payments and Fraud Data and CNP Expo (Off-site)