The survey period tied to a national payment fraud study being conducted by a collective of five Federal Reserve Banks has been extended to May 23.
The Fed, citing a desire to get more input from sectors such as trade credit, announced the change on Friday – after the publishing of an eNews article discussing the original May 9 deadline. The survey is available by clicking here.
The Fed specifically reached out to NACM earlier this year to ask for increased participation from trade credit this year in the payment fraud study.
NACM strongly encourages its membership to take part in this important venture, as the more data that is available on topics like payment fraud, the more equipped federal agencies and private businesses alike will be able to combat such problems. The survey should take about 30 minutes to complete and, to help with tracking purposes, please write "NACM" in the field marked "Other, please specify" for the question about trade association membership on page three of the questionnaire.
- Brian Shappell CBA, CICP, NACM staff writer
The Federal Reserve also announced its speaker for the June 11 Credit Congress session "Payment System Priorities: What the Federal Reserve Has Learned" as Dan Gonzalez, vice president of Industry Relations for the Federal Reserve’s Financial Services Division. For more information and to register, click here.