Clicking here will take you to the FedFocus home page

Federal Reserve Financial Services
Add This Page to My Quick Links
Industry Perspective

Research studies pave the way for Payment System Improvement Roadmap

In the past year, the Federal Reserve completed several research activities to help identify potential strategies to improve the U.S. payment system and advance its strategic direction. Among those research activities were the Faster Payments Assessment, the ISO 20022 Business Case Assessment and the Payments Security Landscape Study. These studies were critical to the Fed’s evaluation of end-user demand and feasible alternatives for achieving faster retail payments, enhancing cross-border payments and identifying gaps and opportunities related to payment system security. Learn more about these research efforts, including where to find details of the objectives, research observations and key takeaways.
Full Article

FedACH<sup>®</sup> ServicesFedACH® Services
Continuing the theme: NBC Oklahoma helps its business customers help themselves

This month, as we continue our focus on the FedACH Risk® RDFI Alert Service, we visited with Angela Ross and Leigh-Anne Taylor, both of whom described ways that NBC Oklahoma has tailored RDFI Alert notification criteria to address the needs of a wide variety of its business customers. Hear firsthand how this alert service enables financial institutions to help their business customers protect themselves against unwanted transactions and stay better informed about activity on their accounts in general.
Full Article

FedACH<sup>®</sup> ServicesFedACH® Services
Leverage automation and risk management to grow your corporate customer revenues

The Automated Clearing House (ACH) network provides a reliable and efficient electronic payments platform that is increasingly used to send business-to-business payments. For many financial institutions, the information that is contained within the ACH payment file is more valuable than the actual payment. If your institution would benefit from an automated means of assisting its corporate customers with the tedious task of matching ACH payments to open invoices or to recipients, check out our FedPayments® Reporter Service.
Full Article

Industry PerspectiveIndustry Perspective
Now available: The 2013 Federal Reserve Payments Study Detailed Report

The 2013 Federal Reserve Payments Study Detailed Report, released on July 24, 2014, provides new information on the payments landscape. Read up on key findings that include: updated results on the intensity of card use by consumers and businesses, new estimates of over-the-counter cash withdrawals and deposits at bank branches and wire transfers made by businesses and consumers, and further discussion of previously released information on third-party payments fraud, among others. 
Full Article

Events and EducationEvents and Education
On the rise: ACH transactions

Did you know that ACH transactions rose at an annual rate of 5.1 percent from 2009 to 2012, according to The 2013 Federal Reserve Payments Study Summary Report and Initial Data Release? With increases in ACH transactions expected to continue, it is important to keep up-to-date on ACH operations and risk management. Take a look at the FEDucation opportunities we offer to help financial institutions increase operational efficiencies and mitigate risk.
Full Article

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.