Mapping Fraud: The Road to Safer Payments

  • Apr 21, 2020 | Online – 2:30 pm ET

The world of payments is changing faster than ever before and fraud is evolving just as quickly. Join Nacha virtually April 20–22 at Smarter Faster Payments: Remote Connect for access to the unparalleled education Nacha is known for, including this online education session that takes a look at the payment fraud loss landscape.

The lack of an industry standard for categorizing payment fraud losses has created difficulties in capturing and interpreting fraud trends. To help address these challenges, the Federal Reserve established the Fraud Definitions Work Group that includes an array of payments stakeholders. These experts have worked to craft a recommended Fraud Classification Model defining ACH, wire and check fraud. Hear how the Model adds value to the payments industry and how speakers have taken steps to adopt the framework into their organizations' fraud prevention methods.

This session will look at two fundamental questions:

1.    How was the Fraud Classification Model developed and what does the road to adoption look like?

2.    Where do industry experts see the value in this Fraud Classification Model for the entire payments industry?


Gasan Awad, Vice President of Fraud and Anti-Money Laundering, Fiserv
Chris Guard, CUCE, NCCO, AFC, Vice President, E-Services Compliance & Fraud, State Employees' Credit Union
Eric Tran-Le, VP, Product Management, Guardian Analytics
Moderated by: Michael Timoney, Vice President, Federal Reserve Bank of Boston

Visit the event website to register for this session.

Please complete this form to discuss your fraud prevention needs.



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.