Fed In The News

The Federal Reserve is often in the news for its thought leadership and work efforts in payments improvement. Here are some of the most recent stories.

2020

• The Fed Announced More Details on FedNow. Here’s What You Need to Know. (Off-site) (Payments Journal, 9/14)
• Two Years to US Real-Time Service FedNow (Off-site) (Global Finance, 9/3)
• Competition grows over US real-time payments (Off-site) (PaymentEye, 9/1)
• How Fraudsters Are Adapting to Changes in Payment Methods (Off-site) (BankInfoSecurity, 8/24)
• FedNow Looks to Pilots Starting Next Year And Sticks to Its 2023 Or 2024 Launch Plan (Off-site) (Digital Transactions, 8/6)
• The Fed moves closer to a new way to get people their money faster. (Off-site) (New York Times, 8/6)
• Fed to have payments service ready ‘as soon as practicably possible’ (Off-site) (American Banker, 8/6)
• Fed’s Brainard lays out central bank’s instant payments framework (Off-site) (Reuters, 8/6)
• Addressing the challenges of synthetic identity fraud (Off-site) (FinTech Rising, 7/28)
• The GiD Report #118 — The fastest growing cybercrime and what it tells us about the state of identity (Off-site) (Medium, 7/14)
• Fed shares insight on how to combat synthetic identity fraud (Off-site), (WeLiveSecurity, 7/6)
• New Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud (Off-site), (PYMNTS.com, 7/2)
• Fed unveils new tool to detect fraud in payments (Off-site), (FOX Business, 6/18)
• Fed Publishes New Standardized Framework for Understanding Payments Fraud (Off-site), (ABA Banking Journal, 6/18)
• Fed Launches FedNow Community For Instant Payments, Seeks Participants (Off-site), (PYMNTS.com, 5/6)
• BankThink: The American payment system was ready for the coronavirus pandemic (Off-site) (American Banker and PaymentsSource, 4/27)
• The Time for Faster Payments? Now (Off-site) (CU Today, 4/22)
• What FedNow means for faster payments in the US (Off-site) (Eversheds Sutherland LLP Legal Alerts Blog, 4/15)
• TCH RTP and FedNow: What’s Next for U.S. Immediate Payments? (Off-site) (ACI blog, 4/14)
• This One Problem Stifles Innovation At Big Companies (Off-site) (Forbes.com, 3/24)
• The Payments Evolution (Off-site) (The NAFCU Journal, March-April 2020)
• Bowman says work still underway on FedNow; reiterates push for consistent guidance on third-party due diligence (Off-site) (Regulatory Report, 2/27)
• More Details About FedNow Expected in Coming Months (Off-site) (Digital Transactions, 2/25)
• Getting real about faster payments (Off-site) (Green Sheet, 2/24)
• Mester says Fed working with private sector to develop faster payment system (Off-site) (Reuters, 2/14)
• Why the Fed is taking an incremental approach to faster payments (Off-site) American Banker, 2/12)
• Podcast: ‘We want to take the time to get it right’ — Fed’s Montgomery on FedNow (Off-site) (American Banker, 2/12)
• FedNow is coming. Here’s what you need to know (Off-site) (Independent Banker Magazine, January 2020 issue)
• What’s Up in 2020: Faster Payments Predictions for the New Decade (Off-site) (U.S. Faster Payments Council blog, 1/6)
• FedNow: Are US Banks Ready For Real-Time Payments? (Off-site) (Forbes.com, 1/6)

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