The Federal Reserve and the Business Payments Coalition (BPC) recently announced the E-invoice Exchange Market Pilot and Remittance Delivery Assessment Work Group, two industry efforts aimed at catalyzing the modernization of business-to-business (B2B) payments in the United States.
A key step in modernizing business-to-business (B2B) payments in the United States is establishing a standard way for businesses to send electronic invoices, payment and remittance information. Learn more about the ideal state of e-invoice and e-remittance information delivery and processing, and recent progress to test a virtual exchange framework.
A survey of more than 2,000 businesses offers a look into readiness and interest in faster payments as businesses navigate the COVID-19 environment.
The Federal Reserve has published the third and final research brief in a series on remote authentication fraud. This brief focuses on ways the Fed and industry can work together to improve fraud mitigation, build awareness and engage industry stakeholders.
The Federal Reserve is developing a toolkit of insights and resources to help financial institutions, consumers and businesses address the growing threat of synthetic identity fraud.
The Federal Reserve has published the second research brief in a series, which takes a closer look into payment use cases and authentication methods that can help prevent the most common types of remote authentication fraud.
The modernization of B2B payments would be incomplete if it did not advance efficiency across other dimensions, including the payment, remittance information and reconciliation. Now is the time to catalyze similar innovation with the exchange of payment remittance information.
The Federal Reserve recently hosted a webinar, “Modernizing B2B Payments: The Time for Digitalization is Now”. Read the recap and watch the recording to hear about the vision, benefits and opportunities for advancing innovation and modernization of B2B payments.
The Federal Reserve has been working in collaboration with payments professionals over the past two years to research key remote authentication fraud challenges and mitigation efforts. A new research brief explores authentication strategies to address new account fraud, synthetic identity fraud and account takeover fraud.
Faster payments, which include instant payments, continue to be a key topic of consideration and curiosity around the world. As progress continues here in the United States, now is the time to brush up on your instant payments knowledge.