FedPayments Improvement Pulse – March 2019

A monthly newsletter for the FedPayments Improvement Community

March Highlights

Federal Reserve Announces Members of Fraud Definitions Work Group

The members of the Fed’s new Fraud Definitions Work Group have been announced! These payments security experts will collaborate with Federal Reserve leaders on recommendations to improve the quality and consistency of ACH, wire and check fraud data.

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Join Us at Our Upcoming FedPayments Improvement Community Roundtable

We are hosting a Community roundtable breakfast at PAYMENTS 2019 on May 7 (Off-site)! Please join us and your fellow Community members for breakfast, networking and presentations from Fed leaders on payments improvement efforts. Space is limited, so register now to reserve your spot. We hope to see you there!

Register now

Recent Payment Improvement Announcements

Meet the Fed at Spring Conferences

Want to hear directly from Fed experts? We’ll have a booth presence at PAYMENTS 2019 (Off-site) and TRANSACT (Off-site) this year and want to meet with you! Stop by booth #601 at PAYMENTS 2019 or booth #3504 at TRANSACT to chat, or set up some time to meet one-on-one at the conferences by registering here (Off-site). We look forward to seeing you soon!

Business Payments Coalition Publishes Research on Application Programming Interfaces (APIs)

The Business Payments Coalition’s (BPC) Small-to-Medium Business Accounting Software APIs work group published their research (Off-site, PDF) on APIs available to facilitate electronic payments in small-to-medium business accounting software. Check out this extensive catalog that can help educate small businesses and service providers about electronic payment integration options.

ICYMI: What Are We Learning about Artificial Intelligence in Financial Services?

How is artificial intelligence impacting the financial services industry, and what is the Federal Reserve’s role in this space? Learn the answers to these questions by reading Governor Lael Brainard’s speech, What Are We Learning about Artificial Intelligence in Financial Services? (Off-site)

Revisit the Payment Lifecycles and Security Profiles – One Year Anniversary

In March 2018, the Secure Payments Task Force published the Payment Lifecycles and Security Profiles (Off-site) on SecurePaymentsTaskForce.org (Off-site). Revisit these educational materials that provide perspectives on the lifecycles of the eight most common payment types; payments security information; relevant laws, regulations and other references; and challenges and improvement opportunities for each payment type.

Your Voice Matters – Stay Engaged

Join the Fraud Definitions Community Interest Group to Stay Engaged!

Are you interested in staying informed and providing input on efforts to create recommended ACH, wire and check fraud definitions? Join the Community Interest Group today by updating your FedPayments Improvement Community profile and selecting “ACH, Wire and Check Fraud Definitions” as a topic of interest.

Follow FedPayments Improvement on Social Media

Want to stay up to date on all of our exciting initiatives and engagement opportunities? Follow us on Twitter (Off-site) and LinkedIn (Off-site)!

Meet with Federal Reserve Experts at Upcoming Industry Events

X-Tech 2019: April 2-3 (Off-site)
Progress on the Path of Payments Improvement: Update from the Federal Reserve

WACHA Payments Conference and Technology: April 9-11 (Off-site)
Progress on the Path of Payments Improvement: Update from the Federal Reserve

Southern Financial Exchange Annual Conference: April 23-25 (Off-site)
Faster Payments, Faster Fraud?

ICBA/NM Strategic IT & Operations Conference: April 25-26 (Off-site)
Faster Payments Panel

TRANSACT: April 30-May 2 (Off-site)
Booth #3504

PAYMENTS 2019: May 5-8 (Off-site)
Booth #601

Visit our industry events page to learn more and reserve time to speak with Federal Reserve experts.

In The News –

Federal Reserve Bank of Minneapolis – February 22, 2019
Ten troublesome blockchain terms: What’s accurate, what’s not? (Off-site)

Federal Reserve Bank of Atlanta – February 28, 2019
“Financial Inclusion Is Very Important”: A Conversation about Payments (Off-site)

PYMNTS.com – March 1, 2019
Deep Dive: Security in the Time of Faster Payments (Off-site)

NACHA – March 5, 2019
Same Day ACH Helps Payroll at Companies Big, Small (Off-site)

Phys.org – March 7, 2019
The wallet as you know it may be dying (Off-site)

Finextra – March 18, 2019
Federal Reserve names members of fraud definitions working group (Off-site)

View more articles on our News page on FedPaymentsImprovement.org