Taking Action Against Synthetic Identity Fraud
The Federal Reserve engaged experts from across the payments ecosystem to explore how the industry-recommended definition of synthetic identity fraud is being used to help mitigate this type of fraud.
The Federal Reserve engaged experts from across the payments ecosystem to explore how the industry-recommended definition of synthetic identity fraud is being used to help mitigate this type of fraud.
The recent U.S. Faster Payments Council (FPC) Spring Conference offered an opportunity to hear from industry leaders about key developments in areas such as interoperability, fraud prevention and use case trends. A highlight of this virtual event was a discussion with Nick Stanescu, senior vice president and FedNow business executive and Steve Ledford, The Clearing House’s senior vice president for product and strategy.
Amy Walraven, founder and president of Turnkey Risk Solutions, has been combatting fraud in the financial services industry for more than 25 years, working to find patterns in fraudulent activity and detect large-scale organized efforts.
The Federal Reserve is working with the industry to modernize B2B payments. Read about recent progress and initiatives currently underway to improve payments efficiency.
The Federal Reserve is committed to supporting the shift to electronic business to business (B2B) payments. Read more on the state of the industry, the benefits of successful adoption of digital processes, and how to get involved.
The Federal Reserve convened a cross-industry focus group of 12 fraud experts to develop a recommended definition of synthetic identity fraud.
As the payments industry moves rapidly toward digitalization, the Federal Reserve is dedicated to helping businesses embrace B2B payments modernization.
The Federal Reserve’s new payments improvement director, Shonda Clay, discusses the Fed’s continued efforts on advancing the U.S. payment system.
Scott Johnson, vice president and head of product at Western Union Business Solutions, focuses on new ways his customers are doing business to prepare for the future of cross-border payments.
With faster payments, and specifically instant payments being hot topics in the United States and around the world, there is no better time than the present to continue learning about this key area for the future of payments.