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.
You can now pay for certain small transactions by applying charges to your mobile phone bill. Fraudsters are also trying to apply their own charges—to your bill. The industry can mitigate some risk, but you can help by carefully reading your bill, suggests this week's Portals and Rails.
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Private firms generally work together to develop payment standards through membership organizations. Portals and Rails asks: do standards increase competition in the payments industry by leveling the playing field? Or do they inherently favor the companies that most influenced their development?
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| Dec. 15 | How Risky? The Elements of Managing Retail Payments Risk (Payments Spotlight) |
| Nov. 16 | The Future of Mobile Payments (Payments Spotlight) |
| Sept. 15 | Beyond the Password: New Developments in Cyberspace Security (Payments Spotlight) |
| June 21 | Data Breaches and Risk Management in Emerging Payments (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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