The Federal Reserve’s new payments improvement director, Shonda Clay, discusses the Fed’s continued efforts on advancing the U.S. payment system.
To support the development, testing and adoption of the FedNow(SM) Service, the Federal Reserve has announced industry participants in the FedNow Pilot Program.
The Federal Reserve is convening a group of experts to create an industry-recommended definition of synthetic identity fraud and a suggested approach for voluntary industry application.
Connie Theien, Senior Vice President and Director of Payments Industry Relations at the Federal Reserve Bank of Chicago will advise on the newly formed U.S. Faster Payments Council’s (FPC) Board Advisory Group.
The Federal Reserve reached a milestone in the development of the FedNow Service with the August 6 announcement of the service’s features and functionality. This announcement reflects the Fed’s efforts toward establishing an infrastructure that will support instant payments in the United States.
Today, the Federal Reserve published our most recent white paper in a series on synthetic identity payments fraud. Over the past year, we’ve spoken with more than 50 industry experts about the growing issue of synthetic identity payments fraud and its impact on the financial services industry.
The Fed is seeking payments industry leaders with varied expertise to participate in an interactive payments community to help inform and evolve the development of the FedNow Service.
On Dec. 30, the Business Payments Coalition (BPC) published its third report on electronic invoicing (e-Invoicing) as part of its initiative to continue dialogue with the industry to address barriers to corporate business-to-business (B2B) payments efficiency: e-Invoice Interoperability Framework: Semantic Model Assessment (Off-site, PDF) – provides a comprehensive analysis of …
In response to industry comments on its Federal Register notice (Off-site), the Board of Governors of the Federal Reserve System has approved modifications to the Federal Reserve Banks’ FedACH® Service, National Settlement Service (NSS) and Fedwire® Funds Service to help facilitate adoption of a later Same Day automated clearing house …
On Dec. 5, industry experts joined the Business Payments Coalition’s (BPC) webinar (Off-site) which outlines the concept of an e-Invoice interoperability framework, market challenges and benefits of addressing them and a path forward for the BPC work assessing U.S. market needs. Watch the webinar to learn more about how an …