January 2022 Pulse Newsletter


Digital ID appear on the tablet
Coming Soon: New Resources to Fight Synthetic Identity Fraud

The Federal Reserve will release the first phase of its Synthetic Identity Fraud Mitigation Toolkit. This new online repository of insights and resources will further support awareness, understanding, and detection and mitigation strategies for this growing type of fraud.

Group of people working together in a conference room with a computer.
Transforming B2B Payments: Industry Work Group Progress

Following the launch of the E-invoice Exchange Market Pilot and the Remittance Delivery Assessment Work Group, industry participants have made notable progress towards advancing the modernization of business-to-business (B2B) payments. Check out an update on these work efforts aimed at establishing greater B2B connectivity through electronic exchange frameworks.

Payments Improvement News and Announcements

Submit your Materials: FedNowSM Service Provider Showcase

Service providers: Remember to submit your entry to the Service Provider Showcase. This is a unique opportunity to facilitate engagement between financial institutions looking to adopt the FedNow Service and service providers offering instant payments solutions. Submissions will be updated monthly following the official showcase launch, which is coming soon. View submission guidelines and eligibility criteria (Off-site).

Year in Review: Momentum Toward B2B Payments Modernization

In 2021, the Federal Reserve prioritized collaboration with the industry to advance understanding on the importance of B2B payments modernization. This engagement took different forms, resulting in progress and strong enthusiasm for efforts to advance transformation. Learn more in a recent article.

Addressing Challenges of Cross-Border Payments

In its most recent report, the Financial Stability Board released quantitative targets for its Roadmap for Enhancing Cross-Border payments. These targets measure the effectiveness of efforts underway to address low speed, high costs and limited transparency, and access in cross-border payments. Read a summary of each target.

Your Voice Matters – Stay Engaged

Connect with the Federal Reserve

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 the Federal Reserve at Upcoming Events

Deluxe Exchange 2020 – February 9, 2022

The Banknote and Currency Conference – February 22, 2022

ICBA Live 2022 – March 2, 2022

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