Study: Businesses Increasingly Want to Use Faster Payments for Day-to-Day Operations
Federal Reserve survey reveals that businesses continue to show strong interest in using faster payments for a variety of transactions.
Fighting Synthetic Identities: Further Collaboration with ACFE
The July/August issue of Fraud Magazine, published by the Association of Certified Fraud Examiners (ACFE), features an article co-authored by experts from Federal Reserve Financial Services on how to more effectively fight synthetic identities used for fraud involving payments.
Major Milestone Achieved: Next Steps Toward Electronic Remittance Delivery
The Remittance Delivery Assessment Work Group just released a recommendations report where they determined it is feasible to establish a remittance exchange framework, similar to the electronic invoice (e-invoice) exchange framework, with some minor adaptations. Read the recommended next steps.
Eric Dunn: Future-Proofing Financial Services
Eric Dunn is the CEO of Quicken and among the company’s longest-tenured employees. Like other longstanding fintech companies, Quicken’s software evolved alongside a changing world of technology.
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.