Leveraging Two Models to Help Fight Fraud and Scams
The Federal Reserve’s video tutorial explains the connection points between the FraudClassifier(SM) and ScamClassifier(SM) models and how to use them together to analyze incidents.
Around the Fed, Cross-Border Payments, Event Summaries, Faster Payments, Payments Efficiency, Payments Security
Connect with the Fed at Fall Industry Events
Federal Reserve Financial Services is preparing to engage with the payments industry at upcoming fall conferences and events. Learn more about opportunities to connect on timely and innovative payments topics.
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.
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.
FraudClassifier Model: Finding Fraud Across Payment Silos
Learn how one technology service provider has integrated the FraudClassifier(SM) model within a new product offering to support financial institutions in better understanding and addressing fraud and anti-money laundering trends.
See the Fed at Nacha Smarter Faster Payments 2024
Representatives from across the Federal Reserve will be in Miami May 6-9 for the annual Nacha Smarter Faster Payments conference. Explore the many opportunities to connect on timely and innovative payments topics.
Around the Fed, Cross-Border Payments, Event Summaries, Faster Payments, Payments Efficiency, Payments Security
Catch Up with the Federal Reserve at Spring Events
Each spring, the industry comes together at conferences and events to explore the latest trends, share knowledge and discuss the exciting future of payments. Read more about where you can connect with Federal Reserve Financial Services this year.
Introduction to the Lifecycle and Methods of Online Authentication
Individuals can open, fund and send money from an account without ever leaving their premises. This first article in a series examines the lifecycle and methods of online identity verification and authentication.
Check Fraud: A Low-Tech and Increasingly Common Crime
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.
Defining Scams to Improve Fraud Mitigation
The Federal Reserve has established a scams definition and classification work group. Learn about the group and its goals.