Stay Up-to-Date on the Fraud Definitions Work Group’s Progress: April Meeting Summary

The Fraud Definitions Work Group held their first in-person meeting at the Federal Reserve Bank of Boston on April 10-11, 2019. During this meeting, the Federal Reserve provided an overview of previous payment improvement initiatives and the planned approach to these efforts. Work group members began discussing what a fraud classification model could look like, and the potential levels and categories defined within this Model.

Read the meeting summary (PDF) to learn more.