Introduction to Payments Players and Regulatory and Network Requirements
This session will focus on the payments foundation including the entities responsible for regulating, processing/settling and developing rules for the different payment collection system. In addition, this session provides attendees with an understanding of each payment network including ACH, Debit Card, Wire Transfer and Checks. This module is required for all certificates and certifications as it helps individuals obtain a working knowledge of the overall requirements for participation in each payment collection system.
Payments Fraud Certificate
ACH Fraud Trends
Duration: 55 minutes
Payments Risk Assessments and Regulatory Expectations for ACH, RDC, Wire Transfer and Debit Cards
Duration: 45 minutes
This session will outline the regulatory expectations for processing ACH, RDC, Wire Transfer and Debit Cards. In addition, the presenter will take participants through best business practices for conducting the risk assessments, identifying high risk threats for each payment system and testing these key mitigating controls when performing the ACH, RDC, Wire Transfer and Debit Card risk assessments.
Liabilities for Check Forgeries under UCC
Duration: 55 minutes
Check fraud law is governed by Articles 3 and 4 of the Uniform Commercial Code (UCC). Uniform Commercial Code Articles 3 and 4 addresses the
(i) Alterations to the check,
(ii) Forgeries of the maker's signature on either the face of the check or the payee's endorsement on the back of the check
(iii) Counterfeit checks created by a dishonest third party.
This webinar will provide an overview of UCC Article 3 and 4 and discuss your liabilities under the law for forgeries.
Duration: 29 minutes
This session will take the participant through the types of fraudulent activity occurring in the check industry today and methods to mitigate this type of fraud. Attendees will learn
• Trends in check fraud,
• Types of check fraud events, and
• Mitigation strategies for preventing check fraud.
Debit Card Fraud Trends and Fraud Management
Duration: 59 minutes
Operational losses resulting from fraud, specifically debit/ATM card fraud are evolving quickly and at a pace that threatens your customers’ accounts and the reputation of your financial institution. This session focuses on:
• The growing trends of debit/ATM card fraud
• How your financial institution can take a proactive stand in mitigating your risks in card fraud and
• The impact of organized crime rings in the debit card fraud space.
This session also provides tips on how to have a fraud management strategy for your financial institution in fighting back against these ever increasing fraud events.
Wire Transfer Fraud Trends and Effective Mitigation Controls
Duration: 54 minutes
This session will focus on methods for mitigating wire transfer fraud including such business practices as:
• Strong authentication procedures
• Exposure limits
• Staff training and well documented procedures
• Risk management systems and agreements.
Other areas of fraud risk will be covered and best business practices will be offered to mitigate the financial institutions fraud risk.