The Federal Reserve and the Business Payments Coalition (BPC) recently announced the E-invoice Exchange Market Pilot and Remittance Delivery Assessment Work Group, two industry efforts aimed at catalyzing the modernization of business-to-business (B2B) payments in the United States.
The Federal Reserve has published the third and final research brief in a series on remote authentication fraud. This brief focuses on ways the Fed and industry can work together to improve fraud mitigation, build awareness and engage industry stakeholders.
The Federal Reserve has published the second research brief in a series, which takes a closer look into payment use cases and authentication methods that can help prevent the most common types of remote authentication fraud.
The Federal Reserve has been working in collaboration with payments professionals over the past two years to research key remote authentication fraud challenges and mitigation efforts. A new research brief explores authentication strategies to address new account fraud, synthetic identity fraud and account takeover fraud.
The Federal Reserve convened a cross-industry focus group of 12 fraud experts to develop a recommended definition of synthetic identity fraud.
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.