The Business Payments Coalition with support from the Federal Reserve, has launched an E-remittance Exchange Pilot. Pilot participants are testing an electronic delivery network – known as an exchange framework ecosystem – that will enable all kinds of businesses to exchange electronic remittance information.
The Federal Reserve’s longstanding commitment to combat fraud and build awareness includes providing education on trends and improving the security of all payment types, including check payments.
To better understand and mitigate scams, the Federal Reserve’s scams definition and classification work group has published an operational definition of the term.
The Federal Reserve’s ongoing Pioneers of Now series highlights leaders from organizations that are early adopters of the FedNow® Service.
The Federal Reserve launched a scams information sharing work group. Learn more about the group and its goals.
The Remittance Delivery Work Group has completed a successful validation phase where they demonstrated it is operationally feasible for an exchange framework to deliver electronic remittance (e-remittance) information for B2B payments. Read the report.
Financial institutions and service providers are continuing to prepare for the FedNow(SM) Service. The Pioneers of Now series from the Federal Reserve showcases leaders from these organizations with their progress and perspectives on instant payments implementation.
The Federal Reserve has established a scams definition and classification work group. Learn about the group and its goals.
According to new Federal Reserve studies, a majority of businesses and consumers are already using faster payments, and most are likely to use them more often in the future.
Participants of the Business Payments Coalition’s E-invoice Exchange Market Pilot recently formed the Digital Business Networks Alliance as the legal entity overseeing a new electronic exchange network.