June 2020 Pulse Newsletter

Highlights

Announcing the FraudClassifierSM Model

The Federal Reserve has introduced the FraudClassifier model. This model enables all payments stakeholders to classify fraud in a simple and similar manner, regardless of payment type, payment channel or other payment characteristics. Explore an interactive version of the model, and register for access to additional tools and resources below.

Community Member Spotlight : Reed Luhtanen

Reed Luhtanen, the new Executive Director of the U.S. Faster Payments Council (FPC), is committed to creating tools to improve the payment process – and demonstrating the value of these tools to consumers and businesses. Learn about his plans and work with the FPC to advance the payments industry.

Recent Announcements

Reminder: Join the FedNowSM Community

In case you missed it, the Federal Reserve is seeking payments industry leaders with varied expertise to participate in the FedNow Community. Submit your participant profile form today to help inform and evolve the development of the Fed’s upcoming instant payment service, the FedNow Service.

Coming Soon: FraudClassifier Model Webinar

We will be announcing an educational webinar on the recently released FraudClassifier model. Stay tuned for registration details and the opportunity to learn more about the model’s features and path for adoption.

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

American Conference Institute’s Legal, Regulatory and Compliance Forum on FinTech & Emerging Payment Systems (Off-site) – July 28 – 29, 2020

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

In The News – Top Headlines

Payments Journal – 6/8/20
FPC White Paper on Real-time Payments Interoperability: A Must Read (Off-site)

PaymentsSource – 5/26/20
PayThink: Relying on faster payments isn’t enough (Off-site)

Glenbrook Partners Payments Views Blog – 5/19/20
The Payments Industry Impact of COVID-19 (Off-site)

View more articles on our News page.