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Risk Management

Summer storm season is upon us. Is your institution prepared to weather the storm?

Each severe storm system that passes through is merely an opportunity to measure our success in keeping our payments processing and serving our customers when disaster strikes. Last October, Superstorm Sandy was a true test for the Northeast region of the United States as a catastrophically high storm surge caused flood waters to inundate parts of New York, New Jersey and Pennsylvania. Just last month, a top-of-the scale EF5 tornado carved a 17-mile path of destruction in Oklahoma. A handful of other recent weather incidents continued the challenge for business continuity planners to maintain critical processing and customer support functions. We are sharing best practices that can really pay off when disaster strikes. Be sure to print, clip and keep these quick tips handy!
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FedLine<sup>®</sup> Access SolutionsFedLine® Access Solutions
FedLine User Authentication Enhancements migration well under way

In August 2012, we kicked off an 18-month initiative to migrate FedCash® Services and select Check Services Subscribers currently using our FedLine Web® access solution, to a security token or digital certificate, as applicable. These enhancements help us keep pace with evolving security standards while providing increased efficiency and security. The authentication changes do not have any impact on your services or access levels. Hear what bankers from BBVA Compass Bank and Damariscotta Bank & Trust have to say about their migration experiences.
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FedCash<sup>®</sup> ServicesFedCash® Services
Security features in the redesigned $100 note

The redesigned $100 note, which will be issued on October 8, 2013, includes two new security features, the 3-D Security Ribbon and the Bell in the Inkwell. Both of these features can be found on the front of the note and offer a simple, subtle way to check that the note is real. Three highly effective security features from previous designs have been enhanced and retained in the redesigned $100 note. Will your tellers and other staff know how to authenticate the new $100 note to protect your institution from financial loss? Learn about the resources developed by the U.S. Currency Education Program to help you prepare your staff.
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Events and EducationEvents and Education
Compliance and risk management support to help you stay ahead of the trends

Education and training for risk management and fraud detection is not simply a good idea for your financial institution, it is an essential activity that can help prevent major financial losses and significant reputational harm as the payments environment continues to evolve and your institution is faced with new and more complex risk factors. Discover how the FedTransaction Analyzer® tool and the Payments Risk Trends and Tools teleseminar can help you ward off potential threats to your business operations.
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FedFocus is your source for the latest Federal Reserve Bank Services news. Each issue keeps you informed about hot topics in the industry, as well as provides insight into the value of Federal Reserve Financial Services.