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.
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.