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Exception Tracking Spreadsheet (TicklerTrax™)
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Fed posts paper on remote authentication methods

The Federal Reserve recently published Remote Authentication Landscape and Authentication Methods, the first of three research briefs planned for this summer.

Many financial institutions, payment service providers, processors and merchants rely on outdated authentication and verification methods to prevent payments fraud. The brief explores authentication strategies to address new account, synthetic identity, and account takeover fraud.

The second brief in the series will describe several remote payment use cases where payments stakeholders apply authentication during the enrollment and transaction process. The third and final brief will discuss payments industry approaches and tools to mitigate remote authentication fraud, as well as key findings and recommendations on next steps to build awareness and engage industry stakeholders.

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