Wire Transfer is a credit only, irrevocable and immediate payment system which makes it unfortunately a haven for fraudsters. Many financial institutions may have gaps in their wire transfer program that may go undetected until a fraudulent attack occurs. This payments webinar provides a deep dive into a vulnerable wire program ranging from how wire transfer instructions are received to how the wire transfer is funded and originated. This wire transfer webinar will open a financial institutions eyes to the blind spots they may have never realized they had. Learn lessons from other financial institutions that have been hit with wire fraud and how they quickly implemented procedures and best business practices to close the gap. This wire transfer webinar is not one to miss!
This online bank webinar will cover:
- Review of the Wire Transfer Topology
- Review of Common Wire Gaps
- Real Life Case Studies of Wire Fraud and Lessons Learned
Best Business Practices for Filling Your Wire Transfer Gaps
Throughout her career, Terri has served as a leader in the payments and fraud prevention industry, providing education, risk management and compliance consulting and support services geared toward the specific needs of financial organizations. Terri is an Advanced Certified Anti-Money Laundering Specialist, an At-Risk Adult Crime Specialist and an Accredited ACH Professional. Prior to founding Secura, Terri served as co-founder of Payments Information Circle (PIC), a service organization providing payments industry education, auditing, consulting, resources, and support services to financial organizations throughout the country. Prior to her work at PIC, Terri also served as the President of GACHA, a non-profit, regional payments association where she provided strategic direction for financial institutions in the payments industry. Terri began her career in payments as a Senior Analyst with the Federal Reserve Bank of Atlanta where she provided training throughout the Sixth District and served on the Federal Reserve ACH Conversion Team that consolidated ACH Services for all branch locations in the Sixth District.
1.0 CPE Credits & 1.2 AAP Credits