Highlights
Newly Released: Synthetic Identity Payments Fraud White Paper
The Federal Reserve has published the final white paper in the Payments Fraud Insights series, Mitigating Synthetic Identity Fraud in the U.S. Payment System (PDF). The latest paper synthesizes analysis from over 50 industry experts, examining the different ways that organizations—both individually and collectively—can work to mitigate synthetic identity fraud.
Instant Payments 101
Explore a new instant payments education series (Off-site) to learn about the increasing speed of payments and progress on the path toward eventual adoption of instant payments. Read the first article (Off-site), which outlines the journey and anatomy of an instant payment when a person initiates a transaction.
Recent Announcements
Tune In: FraudClassifierSM Model Webinar
A recording of our July 15 webinar on the FraudClassifier model is now available. Hear how the model was created and validated, see the intuitive approach the model takes to classifying fraud involving payments and learn more about the projected benefits of voluntary adoption.
Around the Fed: U.S. Payment Trends
The Federal Reserve recently released its 2019 Survey of Consumer Payment Choice (Off-site), which yielded new insights into the continual decline of cash payments and rise of electronic banking. For a summary of key findings, read our recent blog article.
Save the Dates: Business Payments Coalition Webinars in August and September
Join the Business Payments Coalition (Off-site) (BPC) and 20022 Labs (Off-site) for two informative webinars on Aug. 19 and Sept. 22 about business drivers for ISO® 20022 in payments. More information is available on the BPC Events (Off-site) page and registration links will be available there in the coming days. These webinars are open to the public – feel free to share with colleagues!
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)!
In The News – Top Headlines
WeLiveSecurity – 7/6/20
Fed shares insight on how to combat synthetic identity fraud (Off-site)
PYMNTS – 7/2/20
New Fed Report Recommends ‘Comprehensive Approach’ To Fighting Synthetic Identity Fraud (Off-site)
Fox Business – 6/18/20
Fed unveils new tool to detect fraud in payments (Off-site)
ABA Banking Journal – 6/18/20
Fed Publishes New Standardized Framework for Understanding Payments Fraud (Off-site)
View more articles on our News page.
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