This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
06/28/2023
FedNow battles conspiracy theories
Payments Dive
The Federal Reserve’s new instant payments system is confronting disinformation as it gears up for a launch, likely late next month.
To foster the adoption of the FedNow instant payments system that will launch next month, the Federal Reserve has embarked on a major marketing and education campaign.
That monthslong effort by the central bank is geared toward encouraging financial institutions of all sizes, and especially smaller community banks, to embrace the first new U.S. payments system in four decades. But it’s also now serving to counter conspiracy theories deriding the instant payments system as a government power grab.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information