April 2021 Pulse Newsletter


Synthetic Identity Fraud: Defined It to Fight It

Synthetic identity fraud is reported to be the fastest-growing type of financial crime in the United States, accounting for billions in losses annually. To help better identify and mitigate this type of fraud, the Federal Reserve convened an industry focus group of fraud experts to develop a recommended definition.

B2B Payments: The Time for Digitalization Is Now

As the payments industry moves rapidly toward digitalization, important initiatives are underway to ensure the United States remains at the forefront of the global marketplace. Learn about how the Federal Reserve is dedicated to helping businesses move past paper and embrace payments modernization.

Recent Announcements

Advancing the U.S. Payment System: Q&A With Shonda Clay

Shonda Clay, executive vice president and product manager of the Customer Relations and Support Office, assumed leadership of the Federal Reserve’s payments improvement initiatives upon the retirement of Dave Sapenaro. Read a Q&A with Shonda and hear more about the Fed’s plans for continued engagement with the payments industry.

Why Modernization is Key for B2B Payments

As digital payment volumes soar, there is no better time than the present for businesses to fully adopt digitalization and shift to electronic business to business (B2B) payments. Learn more about the opportunities for successful adoption of digital processes, and what the Federal Reserve, in collaboration with the industry, is doing to advance B2B payments.

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

EPCOR Virtual Conference – May 4 – 5, 2021

Southern Financial Exchange Annual Conference – May 4 – 6, 2021

Vermont and New Hampshire Bankers Associations CEO/Senior Management Conference – May 7, 2021

NEACH Payments Management Conference – May 10 – 11, 2021

Hawaii Payments Symposium (WesPay) – May 13, 2021

UMACHA Full Day Symposium – May 20, 2021

Visit our Events page to learn more and reserve time to speak with Federal Reserve experts.

In The News – Top Headlines

PYMNTS.com – 4/6/21
Fed Introduces Uniform Definition Of Synthetic Identity Fraud (Off-site)

View more articles on our News page.