NEWS on Payments

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Reserve Banks Offer New Fedwire Fraud Protection

Feb 01, 2019
The Federal Reserve Banks last October implemented several new features to help Fedwire Funds Service participants using the FedPayments Manager application prevent or detect possible fraud.

The new features include a new “Manager” access level that allows credentialed subscribers to designate up to five email addresses to receive funds-transfer notifications.

“Manager” access is available to senior management and bankers in a control function or with no other operational responsibilities.

To establish this access level, users will need to identify their FedLine connection’s End User Authorization Contact to submit a subscriber request.

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