Leveraging Two Models to Help Fight Fraud and Scams
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.
Around the Fed, Cross-Border Payments, Event Summaries, Faster Payments, Payments Efficiency, Payments Security
Connect with the Fed at Fall Industry Events
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.
Stand up to Scammers with Information Sharing
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.
Payments Landscape Series: The Evolving Consumer Experience
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.
B2B E-remittance Exchange Pilot Complete: Industry One Step Closer to Achieving Straight-Through Processing
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.
Stomp out Scams with the ScamClassifier Model
A Federal Reserve-led industry work group developed the ScamClassifier(SM) model, a voluntary scam classification structure to categorize different scam types more consistently.
Highlights from 2024 Spring Conferences
Representatives from Federal Reserve Financial Services engaged with payments professionals during industry events this spring. Explore highlights and key takeaways.
Surveys: Businesses and Consumers Adopting Faster/Instant Payments to Suit Their Preferences
Use of digital, faster and instant payment services is on the rise among businesses and consumers according to new surveys from Federal Reserve Financial Services. A robust 86% of businesses and 74% of consumers said they used faster or instant payments in the past 12 months, and most (74% of …
FraudClassifier Model: Finding Fraud Across Payment Silos
Learn how one technology service provider has integrated the FraudClassifier(SM) model within a new product offering to support financial institutions in better understanding and addressing fraud and anti-money laundering trends.
Pioneers of Now: Continued Adoption for Instant Payments
The Federal Reserve’s ongoing Pioneers of Now series highlights leaders from organizations across the payments ecosystem that are early adopters of instant payments.