The efficiency of cross-border payments impacts businesses, consumers and financial institutions around the globe. The Financial Stability Board recently proposed targets to address key challenges in this space, and is seeking input from public and private-sector stakeholders.
Learn about the benefits that digital B2B payments processes bring to businesses of all types, including lower costs, better cash management, error reduction, risk mitigation, increased transparency and improved automation of business processes.
The Federal Reserve engaged experts from across the payments ecosystem to explore how the industry-recommended definition of synthetic identity fraud is being used to help mitigate this type of fraud.
The recent U.S. Faster Payments Council (FPC) Spring Conference offered an opportunity to hear from industry leaders about key developments in areas such as interoperability, fraud prevention and use case trends. A highlight of this virtual event was a discussion with Nick Stanescu, senior vice president and FedNow business executive and Steve Ledford, The Clearing House’s senior vice president for product and strategy.
Amy Walraven, founder and president of Turnkey Risk Solutions, has been combatting fraud in the financial services industry for more than 25 years, working to find patterns in fraudulent activity and detect large-scale organized efforts.
The Federal Reserve is working with the industry to modernize B2B payments. Read about recent progress and initiatives currently underway to improve payments efficiency.
The Federal Reserve is committed to supporting the shift to electronic business to business (B2B) payments. Read more on the state of the industry, the benefits of successful adoption of digital processes, and how to get involved.
The Federal Reserve convened a cross-industry focus group of 12 fraud experts to develop a recommended definition of synthetic identity fraud.
As the payments industry moves rapidly toward digitalization, the Federal Reserve is dedicated to helping businesses embrace B2B payments modernization.
The Federal Reserve’s new payments improvement director, Shonda Clay, discusses the Fed’s continued efforts on advancing the U.S. payment system.