March 19, 2019
The Federal Reserve has announced the members of its Fraud Definitions Work Group, an initiative to advance the Fed's strategy for improving the U.S. payment system. Over the next year, participants will work collaboratively with Fed leaders to formulate recommendations for improving the quality and consistency of automated clearing house, wire, and check fraud data.
Work will begin later this month to examine existing payments fraud definitions and areas where new or changed definitions could be helpful. The work group also will create a roadmap to encourage broad industry adoption of this classification model to improve the consistency and timeliness of available payments fraud data.
Members of the Fraud Definitions Work Group are:
Ken Montgomery, Fraud Definitions Work Group sponsor, Federal Reserve System payments security strategy leader, and chief operating officer, Federal Reserve Bank of BostonJim Cunha, Fraud Definitions Work Group chair and senior vice president of treasury and financial services, Federal Reserve Bank of BostonGasan Awad, vice president, fraud and anti-money laundering product management, FiservDondi Black, vice president, senior enterprise fraud strategist, FISJamey Boone, vice president, fraud risk management, Early Warning ServicesNell Campbell-Drake, vice president, Retail Product Office, Federal Reserve Bank of AtlantaNatalie Diana, senior counsel, Bureau of the Fiscal Service, Department of the TreasuryCarlos Fuentes, vice president of strategy and architecture, Wholesale Product Office, Federal Reserve Bank of New YorkAdriana Guaderrama, vice president, ACH product manager, First Century BankChris Guard, vice president, e-services compliance and fraud, State Employees' Credit Union of North CarolinaCheryl Gurz, vice president, Citizens BankMichael Herd, senior vice president, ACH network administration, NACHA – The Electronic Payments AssociationRakesh Korpal, executive director, JPMorgan ChaseLee Kyriacou, vice president, real-time payments, The Clearing HouseDanny Luong, director, fraud technology, PricewaterhouseCoopersRoy Olsen, executive vice president/cashier and human resources director, American National Bank & TrustCarla Palma, senior director, global treasury operations, PepsiCoAl Pascual, senior vice president, research and head of fraud and security, Javelin Strategy & ResearchRene Perez, director, product management, Jack Henry & AssociatesKim Plaugher, assistant vice president, funds services, Navy Federal Credit UnionSergio Rodriguera Jr., manager, government fintech, SASKathy Stokes, director, fraud prevention programs, AARPEric Tran-Le, vice president, product management, Guardian AnalyticsThe Federal Reserve also has established the Fraud Definitions Community Interest Group for individuals who are interested in providing input and following the efforts of the work group.
Topics: Mobile Payments, Regulatory Issues, Security
Companies: Federal Reserve Bank
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