Event Summaries, Payments Security

Fraud Definitions Work Group: January Meeting Summary

The Fraud Definitions Work Group convened for its final in-person meeting at the Federal Reserve Bank of Atlanta on Jan. 29 and 30. During this meeting, the Federal Reserve and work group members focused discussions primarily on the draft industry adoption roadmap for the Fraud Classification Model for Payments (Model). Additionally, the Federal Reserve reviewed potential complimentary payment attributes, key benefits and value propositions for the Model. The meeting concluded with an overview of the activities planned leading up to the industry publication of the Model and roadmap.

Read the full meeting summary (PDF) to learn more.