Federal Reserve Study Sheds Light on Rising Consumer Demand for Faster Payments
A Federal Reserve survey of over 2,000 consumers found that more than six in 10 plan to use faster payments more in the future.
E-invoice Exchange Market Pilot Begins Onboarding Participants in Waves
The E-invoice Exchange Market Pilot has reached a major achievement – the first of three onboarding waves – where participants have started exchanging electronic invoices using the framework. This is a major milestone as it progresses the industry toward electronic business-to-business payments and straight-through processing.
Advancing Synthetic Identity Fraud Mitigation with Technology, Data and Information Sharing
The most recent additions to the Federal Reserve’s Synthetic Identity Fraud Mitigation Toolkit offer new information about fraud detection technology, data sharing and the value of fraud information sharing within the industry to help fight synthetic identity fraud.
Expanding the Synthetic Identity Fraud Mitigation Toolkit
The latest release of the Federal Reserve’s Synthetic Identity Fraud Mitigation Toolkit includes tools to help differentiate real customers from synthetics using identity validation tools and alternative data, and resources on how to identify synthetics at different stages of the relationship.
New Guide Provides Clarity on Use of ISO 20022 Remittance Information
Accredited Standards Committee X9’s ISO® 20022 Market Practices Forum recently released the ISO 20022 Remittance Content Market Guide to clarify what ISO 20022 remittance information to use with business-to-business (B2B) payments. Learn more about the guide and why it matters.
FraudClassifier Model: Helping a Corporate Credit Union Classify Fraud
The FraudClassifier(SM) model helps organizations speak the same language and obtain a holistic picture of fraud involving payments. Learn how Alloya Corporate Federal Credit Union is using the model with their existing fraud tracking approaches.
The Federal Reserve Launches FedNow® Service Provider Showcase
The Federal Reserve has unveiled a new showcase featuring more than 70 profiles of service providers that support instant payments.
Federal Reserve Explores Central Bank Digital Currency
Central banks around the world, including the Federal Reserve, are exploring the potential for central bank digital currency (CBDC), a digital liability of a central bank that is widely available to the general public.
Payment Account Information with Invoices: What It Is and Why It Matters
As business-to-business (B2B) payment processes modernize, the ability to securely send this electronic payment information with an electronic invoice (e-invoice) will be a key enabler of efficient electronic payments. Learn about the benefits of including payment account information with e-invoices and new developments to help drive migration from check to electronic payments.
Unmasking a Synthetic Identity Fraud Mitigation Toolkit
The Federal Reserve’s new Synthetic Identity Fraud Mitigation Toolkit provides financial institutions, consumers and businesses with an online repository of insights and resources for addressing this growing type of fraud.