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    B2B Payments in the U.S.: Check Fraud, Risk Prevention, & Compliance Issues

    $99.00
    *
    The U.S. Business-to-Business (B2B) payments industry is currently facing* an identity crisis. The antiquated infrastructures of Banking Past are becoming increasingly unreliable. For the old systems to continue functioning, they usually require repairments or replacements. Performing these facelifts and/or substitutions is a task that is as daunting as it is expensive-- it is unsurprising that institutions are reluctant to launch a project to completely overhaul its current enterprise payments network.

    Overview

    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    Nevertheless, regulatory authorities are applying enhanced pressure to the industry to adhere to increasingly outdated payments requirements and compliance mandates.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.  

    *Pun intended 

    Covered Topics

    • 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. 

    Products specifications
    CE Credits 2.5
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    Overview

    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.  

    *Pun intended 

    Covered Topics

    • 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. 

    Products specifications
    CE Credits 2.5
    Presenter:

    Ray Graber

    Ray has a deep and thorough understanding of finance, banking, and technology. His business experience includes research at TowerGroup; best practices Internet security, policies, and procedures at FleetBoston Financial; wire transfer operations and product launches at Citibank and BankBoston; and treasury operations for a $325 million public company. As an adjunct professor at the Carroll Graduate School of Management at Boston College he taught the Financial Management of Commercial Banks, Corporate Finance, E-Banking, and the MBA Leadership Course. At Bentley College’s Graduate Business Program he taught Working Capital Management and Cash Management. Ray holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and Computer Science from Boston College.