Fed to host fraud definitions webinar

The Federal Reserve is hosting a webinar June 25 to update members of the Fraud Definitions Community Interest Group on efforts by the new Fraud Definition’s Work Group. The work group was launched in March to help address industry challenges resulting from inconsistent fraud classifications.

A number of Federal Reserve Bank representatives will participate in the webinar. Among them is Tim Boike, vice president of industry relations at the Federal Reserve Bank of Chicago, who earlier this month gave members of NAFCU’s Cybersecurity and Payments Committee an update on the Fed’s efforts to identify and mitigate payments fraud, including its recently-launched effort related to synthetic identity payments fraud.

Kim Plaugher, assistant vice president of funds services at NAFCU-member Navy Federal Credit Union, and a few other industry stakeholders who are part of the work group will also participate in the webinar.

The webinar is set to begin at 1 p.m. Eastern. Those interested in regular updates on the Fed’s payments efforts can also sign up to be a part of the FedPayments Improvement Community.

 

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