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.

2019

• Regulators warn about fraudsters creating synthetic borrowers (Off-site) (Roll Call, 12/10)
• FedNow is necessary, Fed digital currency is not: Mester (Off-site) (American Banker, 11/24)
• Fed’s faster payments network likely ahead of schedule: Powell (Off-site) (American Banker, 11/14)
• Big Retailers Anticipate FedNow Will Bring Competition to Payments (Off-site) (Digital Transactions, 11/12)
• Speedier Payment Systems Could Curb Your Costs (Off-site) (Associated Press, 11/4)
• U.S. financial institutions and the Federal Reserve are ramping up efforts to provide faster payments solutions (Off-site) (ETA Transaction Trends Magazine, Fall 2019)
• How Can FIs Better Detect Scams? Fed White Paper Offers Answers (Off-site) (CU Today, 10/29)
• Fed White Paper Examines Synthetic Identity Fraud (Off-site) (ABA Banking Journal, 10/23)
• Making the World Safe for Real-Time Payments (Off-site) (Payments Journal, 10/21)
• The Future of Real-Time Payments (And How Your Business Stands to Benefit) (Off-site) (Grow Wire, 10/3)
• Pricing, Disputed Transactions Among Undetermined FedNow Issues (Off-site) (Digital Transactions, 9/9)
• Why the Fed is right to step in and finally make real-time payments happen (Off-site) (Yahoo! Finance, 9/4)
• Fed names leader for development of real-time payment system (Off-site) (American Banker, 8/15)
• The Fed Debuts FedNow (Off-site) (PYMNTS.com, 8/6)
• Fed says it will develop faster digital banking system. But Wall Street fears tech incursion. (Off-site) (Washington Post, 8/5)
• Fed plans to launch real-time payment service by 2024 (Off-site) (American Banker, 8/5)
• Fed Wants Workers to Get Pay Faster (Off-site) (New York Times, 8/5)
• Fed to Create Payments System to Speed Money Transfers (Off-site) (Wall Street Journal, 8/5)
• Fake Out: Synthetic Identity Fraud is the new hit on financial institution (Off-site) (CUInsight, 7/23)
• Go Slow on Libra. Speed up on Faster Payments. (Off-site) (Forbes, 7/17)
• Extended Hours for Same Day ACH: The Time Has Come (Off-site) (PaymentsJournal, 7/15)
• Federal Reserve White Paper on Synthetic Identity Payments Fraud– A Growing Problem in the U.S. That Affects Consumers, Businesses, Financial Institutions, Government Agencies and the Health Care Industry (Off-site) (The National Law Review, 7/15)
• Federal Reserve releases report on hazards of synthetic identity payments fraud (Off-site) (Financial Regulation News, 7/12)
• Synthetic ID Theft is the Fastest Growing Financial Crime (Off-site) (Security Magazine, 7/11)
• How IDs Invented out of Whole Cloth Have Become a Fast-Growing Scourge in Payments (Off-site) (Digital Transactions, 7/11)
• Fed White Paper Looks at Synthetic Identity Payments Fraud (Off-site) (ABA Banking Journal, 7/9)
• Synthetic Identity Fraud in U.S. Payments: The Fastest Growing Fraud Segment (Off-site) (PaymentsJournal, 7/9)
• Why is the U.S. payments system still so slow? (Off-site) (American Banker ‘Bankshot’ Podcast, 6/10)
• Consumer privacy, Fed Bank update on NAFCU Cyber and Payments Committee agenda (Off-site) (NAFCU Newsroom, 6/4)
• Fed Shares Payments and Fraud Data and CNP Expo (Off-site) (Card Not Present^®, 5/23)
• Fast Forward: The Future of Faster Payments is Now (Off-site) (Banking CIO Outlook, 5/15)
• E-Invoicing Hasn’t Broken Through in the U.S., But It Should (Off-site) (APF Online, 5/13)
• Fed Seeks Comment On New Operating Hours For Fedwire Funds (Off-site) (PYMNTS.com, 5/10)
• Federal Reserve names members of the fraud definitions working group (Off-site) (Finextra, 3/18)
• Fighting Fraud In A Faster Payments Landscape (Off-site) (PYMNTS.com, 1/30)