The Retail Payments Risk Forum works with financial institutions and industry participants, regulators, and law enforcement officials to research issues and sponsor dialogue to help promote the mitigation of risks in paper, plastic, and digital payments.
New warnings about cybercriminal attacks on ATMs and card systems have been issued recently. Portals and Rails looks again at this type of cyberattack, which the Secret Service calls "unlimited operation" because it resets account balances and removes ATM withdrawal limits.
Just as perpetrators of fraudulent payments adjust their approaches, a financial institution must also be a "learning" institution and adjust its approach to identifying suspicious payments. This week's Portals and Rails tackles this topic.
A blog dedicated to covering current issues in retail payments.Learn more
Promoting the Federal Reserve's collaboration and coordination with Latin American, Caribbean, and Spanish financial institutions and marketsLearn more