February 2021 Pulse Newsletter


Engagement in Action: The FraudClassifierSM Model

The Federal Reserve has engaged in numerous discussions with payments and fraud professionals about the FraudClassifier model. Learn about recent progress and feedback from across the industry through these collaborative efforts.

Update: FedNowSM Service to Launch in 2023

Based on significant strides in development milestones, the Federal Reserve has narrowed its FedNow Service industrywide launch timing by a full year, to 2023 – with updates to come as additional program milestones are achieved.

Recent Announcements

X9 Launches ISO 20022® Market Practice Industry Forum

Throughout the U.S. payment industry, work on adoption and implementation approaches to ISO 20022 remains a focus for many stakeholders. X9 is looking to catalyze ISO 20022 common data usage in the U.S. market through their ISO 20022 Market Practice Group. Hear more about the group’s important work to promote consistent industry approaches for ISO 20022 implementations.

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

Bank of America 2021 Electronic Payments Symposium (Off-site) – March 22-23

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

In The News – Top Headlines

American Banker and PaymentsSource – 2/2/21
Fed more bullish on launch of real-time payments service (Off-site)

Digital Transactions – 2/1/21
How a Processor Sees Opportunity in Its Participation in the Upcoming Pilot for FedNow (Off-site)

View more articles on our News page.