Representatives from across Federal Reserve Financial Services (FRFS) will be in Miami this May for the annual Nacha Smarter Faster Payments conference, one of the largest industry conferences for engaging and networking with payments professionals.
In 2023, Federal Reserve Financial Services surveyed 228 risk management professionals to shed light on the evolving payment system risk challenges their financial institutions encounter. The Key Findings from the 2023 Federal Reserve Financial Services Survey of Risk Officers reveals that external fraud and cybersecurity remain primary concerns.
Federal Reserve Financial Services has launched a tech-centric developer resource for FedNow Service customers and their service providers. The FedNow DevRel resource allows live participants and those currently onboarding to access sample code and message samples to assist with service implementation, as well as documentation, such as Operating Procedures and technical guides.
Effective May 1, 2024, the Federal Reserve Banks will amend Operating Circular 5, Electronic Access, and Operating Circular 7, Fedwire® Securities Service.
Beginning March 18, 2024, a new case type for processing non-receipt claims from the U.S. Treasury will be available in the Exception Resolution Service. These claims will transition to the new Non-Receipt Claim (NRC) case type from the Payment Trace Request (PTR) case type to provide standardized data entry and enable greater automation for claim resolution.
