Accredited Standards Committee X9’s ISO® 20022 Market Practices Forum recently released the ISO 20022 Remittance Content Market Guide to clarify what ISO 20022 remittance information to use with business-to-business (B2B) payments. Learn more about the guide and why it matters.
The FraudClassifier(SM) model helps organizations speak the same language and obtain a holistic picture of fraud involving payments. Learn how Alloya Corporate Federal Credit Union is using the model with their existing fraud tracking approaches.
The Federal Reserve has unveiled a new showcase featuring more than 70 profiles of service providers that support instant payments.
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.
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.
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.
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.
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.
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.
Straight-through processing yields multiple benefits for businesses and alleviates the pain points that result from manual business-to-business (B2B) payment processes.