Around the Fed: Perspectives on Payments and Technology
Explore recent articles that highlight trends, examine relevant studies and provide perspectives on how current and emerging technologies may alter the payments landscape.
Around the Fed, Cross-Border Payments, Event Summaries, Faster Payments, Payments Efficiency, Payments Security
Building Customer-Centered and Adaptive Networks: 2022 Chicago Payments Symposium
Payments leaders gathered in person and virtually at the annual Chicago Payments Symposium to discuss industry trends, innovations and ways to better serve customers.
Expanding the Synthetic Identity Fraud Mitigation Toolkit
The latest release of the Federal Reserve’s Synthetic Identity Fraud Mitigation Toolkit includes tools to help differentiate real customers from synthetics using identity validation tools and alternative data, and resources on how to identify synthetics at different stages of the relationship.
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.
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.
Synthetic Identity Fraud: Defined It to Fight It
The Federal Reserve convened a cross-industry focus group of 12 fraud experts to develop a recommended definition of synthetic identity fraud.
Learning to Speak the Same Fraud Language: A Collaboration with ACFE
Anti-fraud professionals have the opportunity to learn about the FraudClassifier model by reading the March/April issue of Fraud Magazine, published by the Association of Certified Fraud Examiners (ACFE).
Engagement in Action: FraudClassifier Model Receives Positive Industry Reception
Tim Boike, Vice President, Federal Reserve Bank of Chicago, provides updates on the Fed’s collaborative efforts with the payments industry on the FraudClassifier model.
Progress Made in Defining Synthetic Identity Fraud
A Federal Reserve-convened focus group of fraud experts is on track to publish an industry-recommended definition of synthetic identity fraud in early 2021.
One Approach Does Not Fit All: Mitigating Synthetic Identity Fraud Webinar
Over the past year, the Federal Reserve has spoken with over 50 industry experts on this topic for its Payments Fraud Insights white paper series. Following the release of the final white paper in this series, the Federal Reserve hosted a webinar to discuss strategies for mitigating synthetic identity payments fraud with two of these experts.