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Evaluate Your Fraud Management Approach as You Prepare for FedNow

As with any type of payment, the potential for fraud exists with instant payments. Financial institutions are the first line of defense against instant payments-related fraud. As your financial institution prepares for the FedNow Service, you’ll want to evaluate your own fraud management approach and consider taking steps to help protect yourself and your customers. To support and complement your financial institution’s own fraud mitigation efforts, FedNow will offer fraud management capabilities and enable security features to help protect against threats.