Highlights
Thank You and Happy Holidays from the Federal Reserve
Industry collaboration is the foundation of any strategic improvement to the U.S. payment system, and we look back on 2019 as a year full of meaningful engagements with FedPayments Improvement Community members like you. Best wishes this holiday season, and we look forward to continuing our collaboration with you in 2020.
Federal Reserve Joins U.S. Faster Payments Council
The Federal Reserve System has joined the U.S. Faster Payments Council (FPC) (Off-site) as a founding sponsor. The FPC and its members seek to facilitate faster payments in the United States, enabling Americans to securely pay anyone, anywhere, at any time with near-immediate funds availability.
Recent Announcements
Just In: 2019 Federal Reserve Payments Study
The Federal Reserve recently published the 2019 Federal Reserve Payments Study. This is the seventh in a series of triennial studies conducted by the Federal Reserve System since 2001 to estimate aggregate trends in noncash payments in the United States. Check out the study findings! (Off-site)
Business Payments Coalition Webinar Recording Now Live
On Dec. 5, the Business Payments Coalition (BPC) (Off-site) hosted a webinar on its Overview of an e-Invoice Interoperability Framework report. A recording of the webinar (Off-site) is now available. As a reminder, the overview report is one of two electronic invoicing (e-Invoicing) reports (Off-site) the BPC published in November. Keep an eye out for the publication of the third report in the coming weeks.
Community Member Spotlight: Al Pascual
“Fraud lends itself to people who are passionate. We want it gone.” Read more in our latest FedPayments Improvement Community spotlight featuring Al Pascual, a recognized expert in financial crime and fraud. Learn about his passion for tackling fraud and steps he recommends to mitigate fraud risk.
Coming Soon: Jan. 13 Webinar on Cross-border Payments
On Monday, Jan. 13 at 12 p.m. CT, the Fed is hosting a webinar on the challenges and progress in an area experiencing rapid growth and significant market activity: cross-border payments. Interested in joining? Stay tuned for an invitation with more details.
Your Voice Matters – Stay Engaged
Join FedPayments Improvement on Social Media
Stay up to date on the latest news, initiatives and engagement opportunities — connect with us on Twitter (Off-site) and LinkedIn (Off-site)!
Meet with Federal Reserve Experts at Upcoming Industry Events
American Bar Association Consumer Financial Services Committee Winter Meeting (Off-site) – Jan. 16-18
Visit our Events page to learn more and reserve time to speak with Federal Reserve experts.
In The News – Top Headlines
Roll Call – 12/10/19
Regulators warn about fraudsters creating synthetic borrowers (Off-site)
BankInfoSecurity – 12/6/19
Podcast: ISMG Security Report – Jim Cunha on Synthetic Identity Fraud (Off-site)
Finextra – 12/5/19
Fed joins US Faster Payments Council as founding sponsor (Off-site)
American Banker – 11/24/19
FedNow is necessary, Fed digital currency is not: Mester (Off-site)
Food Marketing Institute Blog – 11/21/19
Part 2: What is “FedNow” And Why Is It Coming? (Off-site)
View more articles on our News page.
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