The Federal Reserve Launches FedNow® Service Provider Showcase
The Federal Reserve has unveiled a new showcase featuring more than 70 profiles of service providers that support instant payments.
Unmasking a Synthetic Identity Fraud Mitigation Toolkit
The Federal Reserve’s new Synthetic Identity Fraud Mitigation Toolkit provides financial institutions, consumers and businesses with an online repository of insights and resources for addressing this growing type of fraud.
Two New Industry Efforts to Propel B2B Payments Toward Modernization
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.
Remote Authentication Fraud: Evolution of Mitigation Approaches
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.
Remote Authentication Fraud: An Ounce of Prevention is Worth a Pound of Cure
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.
Remote Authentication Fraud: Are You Who You Say You Are?
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.
Synthetic Identity Fraud: Defined It to Fight It
The Federal Reserve convened a cross-industry focus group of 12 fraud experts to develop a recommended definition of synthetic identity fraud.
Q&A with Shonda Clay, the Federal Reserve’s New Payments Improvement Director
The Federal Reserve’s new payments improvement director, Shonda Clay, discusses the Fed’s continued efforts on advancing the U.S. payment system.
Announcing Participants of the Newly Created FedNow Pilot Program
To support the development, testing and adoption of the FedNow(SM) Service, the Federal Reserve has announced industry participants in the FedNow Pilot Program.
Defining Synthetic Identity Fraud: Federal Reserve Launches Focus Group
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.