Payments Industry Updates | Audit & Compliance

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FedLine Assurance Program Self-Assessment Due December 31

The Federal Reserve Banks’ FedLine® Solutions are a critical component of the U.S. electronic payments system. While FedLine Solutions benefit from numerous embedded security features, organizations with access to these solutions play a vital role in safeguarding the endpoints that are used to interact with the Federal Reserve Banks.

The FedLine Solutions Security and Resiliency Assurance Program (“Assurance Program”) requires that each organization, at least annually, conduct a self-assessment of its compliance with the FedLine Security Requirements and attest to having conducted such self-assessment, as outlined in Appendix A, Section 3 of Operating Circular 5. These measures are intended to help protect against unauthorized access or use of information that could result in substantial harm to an organization.

Earlier this month the Federal Reserve sent out 90 day reminders to those financial institutions that have not completed the Assurance Program attestation for 2023.  Click the Read More button below to get all the details and contact information in the FedLine Solutions Security and Resiliency Assurance Program Resource Center.