In a new Payment Security interview, ICBA Bancard Executive Vice President and Chief Operating Officer Rebecca Kruse discusses how community banks can put anti-fraud controls in place to prepare for the forthcoming launch of the FedNow Service.
Details: In the interview, Kruse says community banks should ensure their providers offer fraud detection, either through built-in functionality or a service provider, and she discusses the importance of cross-channel fraud detection.
More: ICBA recently released frequently asked questions community bankers can use to answer customer queries about FedNow and help differentiate it from central bank digital currencies as misinformation circulates online.