Federal Bank Regulatory Agencies Seek Comment to Address Payments and Check Fraud
Three bank regulatory agencies request comment on potential actions to help mitigate risk of payments and check fraud.
Around the Fed, Cross-Border Payments, Event Summaries, Faster Payments, Payments Efficiency, Payments Security
Engaging on Innovation: Highlights from 2025 Spring Conferences
The Federal Reserve engaged on innovations and trends that are transforming the payments industry this spring.
Addressing Deposit Fraud Using Both the ScamClassifier and FraudClassifier Models
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.
Romance Scams: Another Look at Check Fraud Using the ScamClassifier Model
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.
Leveraging the ScamClassifier Model for Check Scams
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.
When Synthetic Identities and Artificial Intelligence Collide
The latest addition to the Federal Reserve’s Synthetic Identity Fraud Mitigation Toolkit focuses on how generative artificial intelligence (Gen AI) is leveraged to create realistic-seeming synthetic identities.
Around the Fed, Cross-Border Payments, Event Summaries, Faster Payments, Payments Efficiency, Payments Security
Security, Adaptability and Innovation: 2024 Chicago Payments Symposium
This year’s event focused on current and evolving trends in innovation, instant payments, global payments, digital currencies, security and information sharing.
Stand up to Scammers with Information Sharing
A new recommendations report encourages the industry to consider creating a solution or establishing an independent information exchange framework for a holistic view of scam intelligence from existing sources across payment rails.
Stomp out Scams with the ScamClassifier Model
A Federal Reserve-led industry work group developed the ScamClassifier(SM) model, a voluntary scam classification structure to categorize different scam types more consistently.
FraudClassifier Model: Finding Fraud Across Payment Silos
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.