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.
A Federal Reserve-led industry work group developed the ScamClassifier(SM) model, a voluntary scam classification structure to categorize different scam types more consistently.
Representatives from Federal Reserve Financial Services engaged with payments professionals during industry events this spring. Explore highlights and key takeaways.
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 …
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.
The Federal Reserve’s ongoing Pioneers of Now series highlights leaders from organizations across the payments ecosystem that are early adopters of instant payments.
Representatives from across the Federal Reserve will be in Miami May 6-9 for the annual Nacha Smarter Faster Payments conference. Explore the many opportunities to connect on timely and innovative payments topics.
Each spring, the industry comes together at conferences and events to explore the latest trends, share knowledge and discuss the exciting future of payments. Read more about where you can connect with Federal Reserve Financial Services this year.
Authentication practices, tools and processes are designed to prevent unauthorized users from gaining access to accounts or devices. This third article in a series on authentication’s critical role in payments highlights current and evolving methods to provide even stronger authentication.
The second article in a series on authentication’s critical role in payments examines the ways criminals can take advantage of complexities in authentication requirements to find vulnerabilities and gain access and control of systems.