New U.S. Faster Payments Council Study Forecasts Instant Payment Adoption
A new study from the U.S. Faster Payments Council sheds light on the various factors shaping the adoption of instant payments.
Stand up to Scammers with Information Sharing
A new recommendations report encourages the industry to consider creating a solution or establishing an independent information exchange framework for a holistic view of scam intelligence from existing sources across payment rails.
B2B E-remittance Exchange Pilot Complete: Industry One Step Closer to Achieving Straight-Through Processing
The E-remittance Exchange Pilot confirmed that an exchange framework supports the sending, receiving and automation of electronic remittance (e-remittance) information, which moves the industry closer to achieving straight-through processing.
Stomp out Scams with the ScamClassifier Model
A Federal Reserve-led industry work group developed the ScamClassifier(SM) model, a voluntary scam classification structure to categorize different scam types more consistently.
Surveys: Businesses and Consumers Adopting Faster/Instant Payments to Suit Their Preferences
Use of digital, faster and instant payment services is on the rise among businesses and consumers according to new surveys from Federal Reserve Financial Services. A robust 86% of businesses and 74% of consumers said they used faster or instant payments in the past 12 months, and most (74% of …
Announcements, Around the Fed, Cross-Border Payments, Event Summaries, Faster Payments, Payments Efficiency, Payments Security
Accelerating Innovation and Inclusion: 2023 Chicago Payments Symposium
Leaders from across the industry gathered at this annual event for insightful discussions on global payments, instant payments, innovation, digital currency, security and risk management, and more.
E-remittance Exchange Pilot: Payments Industry Joins Forces to Improve B2B Payments
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.
Defined Scams to Fight Scams
To better understand and mitigate scams, the Federal Reserve’s scams definition and classification work group has published an operational definition of the term.
B2B Payments Experts Launch Digital Business Networks Alliance
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.
Synthetic Identity Fraud Mitigation: Learn More About Service Providers
The Federal Reserve continues to expand its Synthetic Identity Fraud Mitigation Toolkit with new information on providers of synthetic identity fraud mitigation products and services.