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.
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 has a personal connection to community banks and highlights their importance to communities across the country.
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.
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.
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.
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.
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.
The largest remittance corridors, measured in terms of payment outflows from the United States, offer insight on the variations within the cross-border infrastructure.
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.