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.
Federal Reserve Explores Central Bank Digital Currency
Central banks around the world, including the Federal Reserve, are exploring the potential for central bank digital currency (CBDC), a digital liability of a central bank that is widely available to the general public.
Payment Account Information with Invoices: What It Is and Why It Matters
As business-to-business (B2B) payment processes modernize, the ability to securely send this electronic payment information with an electronic invoice (e-invoice) will be a key enabler of efficient electronic payments. Learn about the benefits of including payment account information with e-invoices and new developments to help drive migration from check to electronic 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.
Transforming B2B Payments: Industry Work Group Progress
Since the launch of the E-invoice Exchange Market Pilot and the Remittance Delivery Assessment Work Group last year, notable progress has been made to catalyze the modernization of business-to-business (B2B) payments in the United States.
Year in Review: Momentum Toward B2B Payments Modernization
Over the year, the Federal Reserve has continued to collaborate with the industry to advance understanding on the importance of B2B payments modernization. This collaboration has taken different forms, resulting in progress among industry work groups, market pilot activities and strong enthusiasm for efforts to advance modernization.
FSB Proposes Targets for Addressing Four Key Challenges of Cross-Border Payments
In its most recent report, the Financial Stability Board (FSB) released quantitative targets for its improvement roadmap. These targets intend to establish collective goals across the industry aimed at improving the cost, speed, accessibility and transparency of cross-border payments.
Saving Time, Reducing Costs and Mitigating Risks with Straight-Through Processing for B2B Payments
Straight-through processing yields multiple benefits for businesses and alleviates the pain points that result from manual business-to-business (B2B) payment processes.
Fighting Fraud with the FraudClassifier Model
The FraudClassifier(SM) model was released in June 2020 to help organizations speak the same fraud language and obtain a holistic picture of fraud involving payments. Explore a new video for a comprehensive overview of the model, including a step-by-step walk-through of its classification paths and supporting definitions.
Straight-Through Processing: Breaking New Ground with Electronic Remittance Information
An opportunity exists to progress toward straight-through processing (STP) as primary components for sharing automated remittance information are now achievable. Learn more about how the business-to-business (B2B) payments ecosystem can take advantage of recent progress toward STP for more efficient payments.