Further, in light of new and innovative technological developments, payment providers, banks, and networks are eagerly venturing further into new artificial intelligence frontiers. Meanwhile, practitioners are nervously fretting over security concerns and consumer protection.
Nevertheless, regulatory authorities are applying enhanced pressure to the industry to adhere to increasingly outdated payments requirements and compliance mandates.
With multiple-agency oversight, regulatory imposing complex demands, banks and credit unions are finding it difficult to manage and fulfill the complex, often-conflicting, competing demands of regulators.
The chaotic, aggregate effects of an evolving, globalized world on the B2B payments industry illuminate a bright target for opportunistic fraudsters. Although the roles of Directors, Compliance Officers, High-Level Executives, and Managers must necessarily change in this new environment, community banks and credit unions cannot bury their heads in the sand. They must be prepared for fraudlent activity, which is declining in certain areas of banking but increasing in others. Despite the fact that ACH, CHIPS, and Fedwire payments are replacing B2B checks, compliance requirements and fraudulent practices exist in all types of payment systems.
- Payment types that are declining and those that are growing: ACH, CHIPS, and Fedwire
- B2B check fraud and controls to put in place
- Key aspects of the role and key players involved B2B payments
- Regulatory agencies and their roles
- Role of the Compliance Officer
- Movement from paper to electronic and the issues that arise
- Plans and polices to combat payment theft and related fraud
- Red flags to watch for and prevention methods
- Best practices for GRC
Who Should Attend?
This session is a cost-effective way for payments, operations, and finance professionals to gain a better understanding of the U.S. B2B payments environment, and learn about the regulatory and compliance issues the industry must endure.
The following personnel will benefit from this session:
- Payments professionals
- Deposit operations managers
- Cash management professionals
- Corporate finance officers
- Regulatory compliance associates and managers
You may train as many individuals as you life for one set price. There will be no travel costs, time lost from work, and no one will be required to leave your institution.