ICBA called on the Federal Reserve to introduce its real-time payments service as quickly as possible to maximize adoption among community banks.

ICBA called on the Federal Reserve to introduce its real-time payments service as quickly as possible to maximize adoption among community banks.

In order to help combat synthetic identity fraud, Electronic Consumer Based Social Security Number Verification, or eCBSV, is being developed as a result of section 215 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, Public Law (PL) 115-174.

Account takeover fraud (ATO) continues to challenge consumers, businesses, and the financial services industry. This article examines today's ATO landscape and offers recommendations and protections for consumers, merchants, and financial institutions.