August 2020 Pulse Newsletter

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)!

Meet with 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.