Engagement in Action: FraudClassifier Model Receives Positive Industry Reception
Tim Boike, Vice President, Federal Reserve Bank of Chicago, provides updates on the Fed’s collaborative efforts with the payments industry on the FraudClassifier model.
Announcing Participants of the Newly Created FedNow Pilot Program
To support the development, testing and adoption of the FedNow(SM) Service, the Federal Reserve has announced industry participants in the FedNow Pilot Program.
FPC Payments Barometer: Industry Accelerates Faster Payments Amid COVID-19
Despite a tumultuous year, progress and innovation in the payments industry persists. According to the 2nd annual Faster Payments Barometer, nearly 4 in 5 respondents are either accelerating or maintaining faster payments implementation plans.
Rachel Siegel: Payments Inclusivity in a Digital, Pandemic Era
Rapid acceleration is underway in the digital payments space. Rachel Siegel, officer at The Pew Charitable Trusts, is working to help ensure equal access to financial services.
Progress Made in Defining Synthetic Identity Fraud
A Federal Reserve-convened focus group of fraud experts is on track to publish an industry-recommended definition of synthetic identity fraud in early 2021.
Continuing on the Road to Instant Payments
Faster payments, including instant payments, are quickly gaining popularity around the world. And here in the United States, the topic is at the forefront of the payments industry. Now is the time to start learning more about this important and evolving area for the future of payments.
FSB Cross-Border Payments Roadmap: Mapping Cross-Border Payments Enhancements
Improving cross-border payments has been challenging on a global scale, but the Stage 3 Roadmap published by the Financial Stability Board continues to help pave the way for systemic improvements.
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.