January 2019 Newsletter

Highlights

Express Interest in the Fed’s Fraud Definitions Work Group

The Federal Reserve is seeking payments industry leaders with specific expertise to participate in a collaborative work effort to create recommended ACH, wire and check fraud definitions. We are accepting expressions of interest from qualified individuals through February 14.

Business Payments Coalition
Now Live! Introducing the New Business Payments Coalition Website

The new Business Payments Coalition website (Off-site) is live with the information you need. Take a look to discover who the Business Payments Coalition is, efficiency efforts, the Small Business Payments Toolkit, events where you’ll find all the latest happenings and information on how to connect. Visit the site today and tell them what you think! Interested in joining the Business Payments Coalition? Register now (Off-site)!

Recent Announcements

Webinar – Fraud Definitions Work Group and Community Interest Group

Want to learn more about the recently announced Federal Reserve initiative focused on improving data quality and consistency for ACH, wire and check fraud? Watch the Fraud Definitions Work Group and Community Interest Group webinar (Off-site) today!

2018 Federal Reserve Payments Study Supplement Shows Accelerated Electronic Payments Growth

The Federal Reserve Payments Study (FRPS) brief provides data on core noncash payment types and systems that support everyday payments by U.S. consumers and businesses. To review the full Payments Study, including charts and data tables, visit the Payment Research (Off-site) page on the Board of Governors website.

Your Voice Matters – Stay Engaged

Join the Fraud Definitions Community Interest Group

The Fraud Definitions Community Interest Group is open to industry stakeholders interested in following and consulting on Fraud Definitions Work Group deliverables. Specifically, this Community Interest Group will receive regular updates on the Fraud Definitions Work Group’s progress and be notified of opportunities to provide feedback on work group deliverables. You can join the Fraud Definitions Community Interest Group by submitting or updating your FedPayments Improvement Community profile and selecting “ACH, Wire and Check Fraud Definitions” as a topic of interest.

Survey on e-Invoicing Practices and Requirements in the U.S.

The Business Payments Coalition has issued an anonymous survey for procurement, accounting and financial professionals to help identify the business practices and requirements for electronic invoicing. Complete the survey (Off-site) to help drive the development of an e-Invoice Semantic Model (Off-site) for the U.S. market.

Follow FedPayments Improvement on Social Media

Want to stay up to date on all of our exciting initiatives and engagement opportunities? Follow us on Twitter (Off-site) and LinkedIn (Off-site)!

Meet with Federal Reserve Experts at Upcoming Industry Events

Women in Payments: February 2 (Off-site)
Getting to Real-Time Payments in the U.S. – The Countdown to 2020

Secure Technology Alliance Annual Payments Summit: March 11-14 (Off-site)
Faster Payments Solutions Roundtable

MRC Vegas: March 19 (Off-site)
Why Should Merchants Care about Faster Payments?

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

Related Public News

MultichannelMerchant – January 7, 2019
Omnichannel Retail 2019: Why Mobile Payments Will Become Table Stakes (Off-site)

PYMNTS.com – January 9, 2019
Faster Payments, Open Banking Should Keep Treasurers on High Alerts (Off-site)

Finextra – January 15, 2019
US Faster Payments Council names interim leadership (Off-site)

View more articles on our News page.