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 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.
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.
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.
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.
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.
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.
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.
The Federal Reserve has unveiled a new showcase featuring more than 70 profiles of service providers that support instant payments.
Central banks around the world, including the Federal Reserve, are exploring the potential for central bank digital currency (CBDC), a digital liability of a central bank that is widely available to the general public.