Highlights
Announcing FedNowSM Service Features and Functionality
Federal Reserve Board Governor Lael Brainard marked a milestone on Aug. 6 when she announced the FedNow Service’s features and functionality via a livestreamed webinar. The announcement reflects the Fed’s efforts toward establishing an infrastructure that will support instant payments in the United States.
Tune In: Synthetic Identity Fraud Webinar
On July 29, the Federal Reserve Bank of Boston’s Jim Cunha moderated a panel discussion on synthetic identity fraud mitigation. During the webinar, guest speakers Greg Woolf from Coalesce.ai and Jack Lynch from PSCU highlighted how multi-layered mitigation strategies are critical to staying ahead of fraudsters. Watch the recording.
Recent Announcements
CPMI: Building Blocks for a Cross-Border Payments Roadmap
The Federal Reserve is participating in a Committee on Payments and Market Infrastructures (CPMI) Cross-border Payments Task Force to identify ways to promote cross-border payments that are faster, less expensive and more transparent and inclusive. Read more on this important initiative.
Reminder: Upcoming Business Payments Coalition Webinar
Join the Business Payments Coalition (Off-site) (BPC) and 20022 Labs (Off-site) on Sept. 22 for a webinar on the use cases and delivery models of ISO® 20022’s most transformational feature, structured remittance data. More information is available on the BPC Events (Off-site) page.
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)!
Hear from Federal Reserve Experts at Upcoming Industry Events
Aite Group Financial Crime Forum – Sept. 16 – 17, 2020
Chicago Payments Symposium (Off-site) – Sept. 22 – 23, 2020
Visit our Events page to learn more and reserve time to speak with Federal Reserve experts.
In The News – Top Headlines
Davis Polk – 8/17/20
The FedNow Service: Implementation Details on the Federal Reserve’s Planned Instant Payments Service (Off-site, PDF)
Digital Transactions – 8/6/20
Fed Looks to Pilots Starting Next Year and Sticks to Its 2023 or 2024 Launch Plan (Off-site)
New York Times – 8/6/20
The Fed moves closer to a new way to get people their money faster (Off-site)
View more articles on our News page.
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