Search Results
Journal Article
Federal Reserve ACH services: past and future
Journal Article
Dr. Frankenstein and the ACH
Journal Article
Clearing and payment systems: the role of the central bank
Journal Article
A primer on the settlement of payments in the United States
Journal Article
Fraud containment
Journal Article
The efficiency and integrity of payment card systems: industry views on the risks posed by data breaches
To examine the adequacy of existing efforts to prevent, manage, and mitigate data breaches and other fraud in card-based payment systems, the authors conducted 17 interviews of various payment industry participants in 2009. This article documents the insights gained from the interviews, which consider the need for greater cooperation, sharing of relevant information, and innovation to stay ahead of the criminals that perpetrate payment card fraud with increasingly sophisticated methods.
Journal Article
Emergence of immediate funds transfer as a general-purpose means of payment
Immediate funds transfer (IFT) is a highly convenient, certain, secure, and economical means of payment using bank money. IFT is not available in the U.S. banking system, except for large-value business payments, interbank transfers, and specialized financial market transactions. This article examines the successful experience with IFT in Mexico, South Africa, Switzerland, and the UK and concludes that payment system governance is the principal barrier to IFT innovation in the U.S.
Newsletter
Assessing the landscape of payments fraud
The Federal Reserve Bank of Chicago will host its eighth payments conference on June 5?6, 2008. The conference will highlight threats to the security of the payments system and explore solutions to those challenges. This article previews issues that will be covered at the conference.
Conference Paper
Technology and security policy