Experts from the Federal Reserve System engaged with the industry during key conferences this fall. Read about common themes from these events on payment system innovations.
Individuals can open, fund and send money from an account without ever leaving their premises. This first article in a series examines the lifecycle and methods of online identity verification and authentication.
Leaders from across the industry gathered at this annual event for insightful discussions on global payments, instant payments, innovation, digital currency, security and risk management, and more.
Together, instant payments and an electronic delivery network – known as an exchange framework – present a significant opportunity for businesses to increase the speed and efficiency of electronic B2B payments.
The Business Payments Coalition with support from the Federal Reserve, has launched an E-remittance Exchange Pilot. Pilot participants are testing an electronic delivery network – known as an exchange framework ecosystem – that will enable all kinds of businesses to exchange electronic remittance information.
The Federal Reserve’s longstanding commitment to combat fraud and build awareness includes providing education on trends and improving the security of all payment types, including check payments.
To better understand and mitigate scams, the Federal Reserve’s scams definition and classification work group has published an operational definition of the term.
The Federal Reserve’s ongoing Pioneers of Now series highlights leaders from organizations that are early adopters of the FedNow® Service.
The Federal Reserve launched a scams information sharing work group. Learn more about the group and its goals.
The Remittance Delivery Work Group has completed a successful validation phase where they demonstrated it is operationally feasible for an exchange framework to deliver electronic remittance (e-remittance) information for B2B payments. Read the report.