Federal Reserve Financial Services (FRFS) is excited to announce the launch of our new Fraud Mitigation Resource Center, your one-stop destination for FRFS fraud mitigation tools, insights, education and resources. Created by industry experts, this center is designed to complement the industry’s existing fraud mitigation efforts and help inform approaches to identifying and managing evolving fraud risks.
One-stop destination for fraud tools and resources
This resource center helps you apply FRFS tools and resources across the key areas of account opening, payment investigation and resolution. You can also navigate the center by payment type (e.g., FedACH® Services, Check Services or FedNow® Service) to quickly find the tools and information most relevant to you.
FRFS considered key industry challenges and outlined the corresponding FRFS tools and resources that can help you fight fraud more efficiently, from pre-transaction identity verification tools to threshold reporting and case resolution support.
Learn how to:
- Identify anomalies earlier
- Classify fraud and scam activity consistently
- Screen transactions against your negative list before funds leave an account
- Verify payee information before a payment is issued
- Monitor for anomalies and duplicate items
- Resolve disputes across financial institutions more efficiently
- And more!
The Fraud Mitigation Resource Center is educational only and is not intended to provide business or legal advice, nor is it intended to promote or advocate a specific action or risk mitigation strategy. Readers should consult their own business and legal advisors for specific guidance.
