Newly released toolkits on scams and check fraud mitigation support education and increase awareness, enabling the payments industry to better identify and fight these prevalent forms of fraud.
The model’s expanding global adoption represents progress in building a more fraud-aware, resilient and connected payments ecosystem.
Three bank regulatory agencies request comment on potential actions to help mitigate risk of payments and check fraud.
One year in, user feedback shows the ScamClassifier(SM) model is a powerful tool for fraud prevention across the payments ecosystem, driving targeted detection, better internal education and smarter scam response.
The Federal Reserve engaged on innovations and trends that are transforming the payments industry this spring.
Individuals can be deceived or manipulated with fraudulent check deposits. Learn how these schemes work and how to detect check scams using the ScamClassifier(SM) and FraudClassifier(SM) models.
Learn how fraudsters target unsuspecting victims through relationship and trust scams to carry out check fraud – and how the ScamClassifier(SM) model can be leveraged for more robust prevention and customer education.
Representatives from across the Federal Reserve will be in New Orleans April 27-30 for the annual Nacha Smarter Faster Payments conference. Explore the many opportunities to connect on timely and innovative payments topics.
Fraudsters often leverage fraudulent paper checks to help perpetrate scams. Learn how the ScamClassifier(SM) model can assist in identifying the root cause of the fraud that occurred due to a scam.
Mark your calendar to connect with Federal Reserve Financial Services on innovations in payments at industry conferences this spring.