July 2020 Pulse Newsletter

Highlights

Newly Released: Synthetic Identity Payments Fraud White Paper

The Federal Reserve has published the final white paper in the Payments Fraud Insights series, Mitigating Synthetic Identity Fraud in the U.S. Payment System (PDF). The latest paper synthesizes analysis from over 50 industry experts, examining the different ways that organizations—both individually and collectively—can work to mitigate synthetic identity fraud.

Instant Payments 101

Explore a new instant payments education series (Off-site) to learn about the increasing speed of payments and progress on the path toward eventual adoption of instant payments. Read the first article (Off-site), which outlines the journey and anatomy of an instant payment when a person initiates a transaction.

Recent Announcements

Tune In: FraudClassifierSM Model Webinar

A recording of our July 15 webinar on the FraudClassifier model is now available. Hear how the model was created and validated, see the intuitive approach the model takes to classifying fraud involving payments and learn more about the projected benefits of voluntary adoption.

Around the Fed: U.S. Payment Trends

The Federal Reserve recently released its 2019 Survey of Consumer Payment Choice (Off-site), which yielded new insights into the continual decline of cash payments and rise of electronic banking. For a summary of key findings, read our recent blog article.

Save the Dates: Business Payments Coalition Webinars in August and September

Join the Business Payments Coalition (Off-site) (BPC) and 20022 Labs (Off-site) for two informative webinars on Aug. 19 and Sept. 22 about business drivers for ISO® 20022 in payments. More information is available on the BPC Events (Off-site) page and registration links will be available there in the coming days. These webinars are open to the public – feel free to share with colleagues!

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)!