December 2020 Pulse Newsletter

Highlights

Continuing on the Road to Instant Payments

Faster, or instant payments, are quickly gaining popularity around the world. Now is the time to start learning more about this important and evolving area for the future of payments.

Progress Made in Defining Synthetic Fraud

A Federal Reserve-convened focus group of fraud experts is on track to publish an industry-recommended definition of synthetic identity fraud in early 2021. Hear about the group’s recent progress.

Recent Announcements

Community Member Spotlight: Rachel Siegel

A rapid acceleration is underway in the digital payments space. In our latest Community Spotlight, read how Rachel Siegel, officer at The Pew Charitable Trusts, is working to ensure equal access to financial services.

Thank You: BPC Receives Industry Feedback on e-Invoice Semantic Model

The Business Payments Coalition (BPC) requested industry feedback this fall on the e-Invoice Semantic Model Information Elements associated with the most commonly used business processes for invoice exchange in the North American market. This feedback will be used to incorporate additional updates to the information elements and, if appropriate, seek further input on specific items relating to the Semantic Model. Learn more by visiting BusinessPaymentsCoalition.org (Off-site).

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

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

In The News – Top Headlines

Insurance CIO Outlook – 12/1/20
Innovation Exposes Payments Vulnerabilities (Off-site)

Finextra – 11/25/20
EBAday 2020: It’s do-or-die time for real-time payments (Off-site)

Reuters – 11/24/20
Synthetic identity fraud worrying U.S. regulators (Off-site)

View more articles on our News page.