Rebeca Romero Rainey: Community Banks’ Investment in Community Success
Rebeca Romero Rainey has a personal connection to community banks and highlights their importance to communities across the country.
The FraudClassifier Model: A Collaborative Journey to Classifying Fraud
Introduced by the Federal Reserve in June, the FraudClassifier(SM) model provides an intuitive approach to classifying fraud. Explore our video series below to hear from work group members and the Fed team who helped create the model.
Digital Payments and the Path to Financial Inclusion
In a recent paper, the Federal Reserve looked at opportunities to enhance economic mobility and resilience for those without access to digital payments, especially those relying on cash as a primary payment method and without access to a traditional bank account.
Federal Reserve Announces Creation of FedNowSM Pilot Program
The Federal Reserve has formed a pilot program to support the development, testing and adoption of the FedNow Service. The FedNow Pilot Program continues efforts to foster industry partnerships in support of the FedNow Service, and will be conducted in three phases: advisory, testing and closed-loop production.
Collaborating Around the Core: 2020 Chicago Payments Symposium
Over the past two decades, the Chicago Payments Symposium has been an independent forum where payments industry thought leaders and policymakers gather to learn, debate and share provocative ideas – and ultimately, use those ideas to help shape the future of payments.
Defining Synthetic Identity Fraud: Federal Reserve Launches Focus Group
The Federal Reserve is convening a group of experts to create an industry-recommended definition of synthetic identity fraud and a suggested approach for voluntary industry application.
Remittance Payments: 3 Cross-Border Corridors to Know
The largest remittance corridors, measured in terms of payment outflows from the United States, offer insight on the variations within the cross-border infrastructure.
Follow the Journey to Faster Payments
As part of our collaborative efforts with the industry to improve the U.S. payment system, the Federal Reserve will be sharing educational resources to help stakeholders across the payments ecosystem see the possibilities and plan for the implementation of instant payments.
U.S. Faster Payments Council Names Federal Reserve Officer to Board Advisory Group
Connie Theien, Senior Vice President and Director of Payments Industry Relations at the Federal Reserve Bank of Chicago will advise on the newly formed U.S. Faster Payments Council’s (FPC) Board Advisory Group.
One Approach Does Not Fit All: Mitigating Synthetic Identity Fraud Webinar
Over the past year, the Federal Reserve has spoken with over 50 industry experts on this topic for its Payments Fraud Insights white paper series. Following the release of the final white paper in this series, the Federal Reserve hosted a webinar to discuss strategies for mitigating synthetic identity payments fraud with two of these experts.