Founded in 2008, the Retail Payments Risk Forum is housed at the Federal Reserve Bank of Atlanta. The forum is designed to bring together expertise residing within the Federal Reserve, financial institutions, other industry participants, regulators, and law enforcement. The forum facilitates collaboration among these diverse parties, all of whom share common interests in improved detection and mitigation of emerging risks and fraud in retail payments systems. The forum accomplishes this by providing resources to research issues and sponsor dialogue.
As the number and seriousness of data breaches increase, some states have passed laws requiring businesses to comply with the Payment Card Industry Data Security Standard (PCI DSS). Other states have passed laws with enhanced privacy and encryption requirements for organizations that handle consumers' credit and debit card numbers.
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A debate during the recent World Cup over a soccer ball that felt "skitterish" pointed up the lack of a global standard for soccer balls—something that payments technology also lacks. By not moving faster to adopt "chip-and-pin" technology, the United States is leaving itself more vulnerable to fraud.
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| July 27 | Fraud and Risk in the ACH Network (Payments Spotlight) |
| May 27 | Payments Fraud and the Economic Downturn (Payments Spotlight) |
| April 14 | Mobile Payments and Banking (Payments Spotlight) |
| Nov. 10 | Mitigating Automated Clearinghouse Fraud and Risk (Payments Spotlight) |
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A blog encouraging dialogue on emerging retail payment system risks and efforts to improve risk detection and mitigation
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