The latest addition to the Federal Reserve’s Synthetic Identity Fraud Mitigation Toolkit focuses on how generative artificial intelligence (Gen AI) is leveraged to create realistic-seeming synthetic identities.
Federal Reserve Financial Services frequently attends industry conferences to engage with the ecosystem on advancing the speed, security and efficiency of payments. Read highlights from key events this fall.
This year’s event focused on current and evolving trends in innovation, instant payments, global payments, digital currencies, security and information sharing.
Addressing B2B payment inefficiencies will help businesses improve their cash flows, reduce payment risks and provide better payment-related data. Learn more about the challenges and benefits of electronic B2B payment adoption.
A new study from the U.S. Faster Payments Council sheds light on the various factors shaping the adoption of instant payments.
The Federal Reserve’s video tutorial explains the connection points between the FraudClassifier(SM) and ScamClassifier(SM) models and how to use them together to analyze incidents.
Federal Reserve Financial Services is preparing to engage with the payments industry at upcoming fall conferences and events. Learn more about opportunities to connect on timely and innovative payments topics.
A new recommendations report encourages the industry to consider creating a solution or establishing an independent information exchange framework for a holistic view of scam intelligence from existing sources across payment rails.
The evolving consumer experience has led to higher usage of mobile phones, wallets, apps and P2P networks for payments, offering greater choice and speed – but creating a more fragmented payments landscape.
The E-remittance Exchange Pilot confirmed that an exchange framework supports the sending, receiving and automation of electronic remittance (e-remittance) information, which moves the industry closer to achieving straight-through processing.