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.
A Federal Reserve-led industry work group developed the ScamClassifier(SM) model, a voluntary scam classification structure to categorize different scam types more consistently.
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.
Authentication practices, tools and processes are designed to prevent unauthorized users from gaining access to accounts or devices. This third article in a series on authentication’s critical role in payments highlights current and evolving methods to provide even stronger 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.
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.
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 launched a scams information sharing work group. Learn more about the group and its goals.
The Federal Reserve has established a scams definition and classification work group. Learn about the group and its goals.