Learn how one technology service provider has integrated the FraudClassifier(SM) model within a new product offering to support financial institutions in better understanding and addressing fraud and anti-money laundering trends.
Representatives from across the Federal Reserve will be in Miami May 6-9 for the annual Nacha Smarter Faster Payments conference. Explore the many opportunities to connect on timely and innovative payments topics.
Each spring, the industry comes together at conferences and events to explore the latest trends, share knowledge and discuss the exciting future of payments. Read more about where you can connect with Federal Reserve Financial Services this year.
Authentication practices, tools and processes are designed to prevent unauthorized users from gaining access to accounts or devices. This third article in a series on authentication’s critical role in payments highlights current and evolving methods to provide even stronger authentication.
The Business Payments Coalition with support from the Federal Reserve, has launched an E-remittance Exchange Pilot. Pilot participants are testing an electronic delivery network – known as an exchange framework ecosystem – that will enable all kinds of businesses to exchange electronic remittance information.
The Federal Reserve continues to expand its Synthetic Identity Fraud Mitigation Toolkit with new information on providers of synthetic identity fraud mitigation products and services.
The E-invoice Exchange Market Pilot is working to implement an electronic invoice (e-invoice) exchange framework that will enable businesses of all kinds in the United States to connect and exchange e-invoices. Check out a step-by-step overview of how an e-invoice moves through an exchange framework from supplier to buyer.
The Remittance Delivery Assessment Work Group just released a recommendations report where they determined it is feasible to establish a remittance exchange framework, similar to the electronic invoice (e-invoice) exchange framework, with some minor adaptations. Read the recommended next steps.
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.
Straight-through processing yields multiple benefits for businesses and alleviates the pain points that result from manual business-to-business (B2B) payment processes.