Highlights from Industry Events This Fall
Experts from the Federal Reserve System engaged with the industry during key conferences this fall. Read about common themes from these events on payment system innovations.
Introduction to the Lifecycle and Methods of Online Authentication
Individuals can open, fund and send money from an account without ever leaving their premises. This first article in a series examines the lifecycle and methods of online identity verification and authentication.
Announcements, Around the Fed, Cross-Border Payments, Event Summaries, Faster Payments, Payments Efficiency, Payments Security
Accelerating Innovation and Inclusion: 2023 Chicago Payments Symposium
Leaders from across the industry gathered at this annual event for insightful discussions on global payments, instant payments, innovation, digital currency, security and risk management, and more.
E-remittance Exchange Pilot: Payments Industry Joins Forces to Improve B2B Payments
The Business Payments Coalition with support from the Federal Reserve, has launched an E-remittance Exchange Pilot. Pilot participants are testing an electronic delivery network – known as an exchange framework ecosystem – that will enable all kinds of businesses to exchange electronic remittance information.
Check Fraud: A Low-Tech and Increasingly Common Crime
The Federal Reserve’s longstanding commitment to combat fraud and build awareness includes providing education on trends and improving the security of all payment types, including check payments.
Defined Scams to Fight Scams
To better understand and mitigate scams, the Federal Reserve’s scams definition and classification work group has published an operational definition of the term.
Pioneers of Now: Industry Excitement for Instant Payments
The Federal Reserve’s ongoing Pioneers of Now series highlights leaders from organizations that are early adopters of the FedNow® Service.
Sharing Information on Scams to Improve Fraud Mitigation
The Federal Reserve launched a scams information sharing work group. Learn more about the group and its goals.
Exchange Framework Validated for E-remittance Information
The Remittance Delivery Work Group has completed a successful validation phase where they demonstrated it is operationally feasible for an exchange framework to deliver electronic remittance (e-remittance) information for B2B payments. Read the report.
Pioneers of Now: Growing Anticipation for Instant Payments
Financial institutions and service providers are continuing to prepare for the FedNow(SM) Service. The Pioneers of Now series from the Federal Reserve showcases leaders from these organizations with their progress and perspectives on instant payments implementation.