October 2019 Pulse Newsletter

Highlights

Recently Released: Fall 2019 Progress Report

Earlier this month we released our Fall Progress Report on Strategies for Improving the U.S. Payment System. This report highlights the recent accomplishments and next steps aimed at improving the speed, security and efficiency of the U.S. payment system. Read the report today to learn more!

Expolore the New White Paper on Synthetic Indentity Payments Fraud

Synthetic identities contain fictitious and/or real personal information to create a fake identity. In our latest white paper, Detecting Synthetic Identity Fraud in the U.S. Payment System, we explore behaviors and characteristics common of synthetics and the ways information sharing can help payments industry stakeholders keep up with the evolving threat posed by synthetic identity fraud.

Recent Announcements

Final Reminder: Provide Feedback on the FedNowSM Service

There is only one week left to submit your formal comments on the FedNowSM Service. The Board of Governors of the Federal Reserve System is seeking input through a Federal Register notice (Off-site), as announced via an August 5 press release (Off-site). Contribute to the future of faster payments and make your voice heard before time runs out on November 7!

Thank you for joining our FedPayments Improvement Community Roundtables at Money20/20

We hosted a series of roundtables on October 28 at Money 20/20 focused on the FedNow℠ Service, payments security topics and progress and pain points in the cross-border payments landscape. Thank you to those who attended the roundtables and made them a success! Be sure to check back on FedPaymentsImprovement.org for an event summary and future engagement opportunities.

Read the Fraud Definitions Work Group

The Fraud Definitions Work Group recently convened at the Miami branch of the Federal Reserve Bank of Atlanta. Read the summary of their meeting to learn more about discussions on the recommended Fraud Classification Model for Payments and the industry adoption roadmap.

Your Voice Matters – Stay Engaged

Join FedPayments Improvement on Social Media

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

ePay Resources Executive Payments Summit (Off-site) – November 12

Real Time Payments Summit (Off-site) – November 14

FS-ISAC Fall Summit (Off-site) – November 17-20

McKinsley/GCI Cash Management Forum (Off-site) – November 18-20

MidSouth Association of Financial Professionals Meeting (Off-site) – November 21

The Institute of Financial Operations Third Thursday Webinar (Off-site) – November 21

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