Description

This webinar is an introduction to ACH and Wire Transfer and is designed to provide attendees with a solid foundation for understanding how these payment systems operate. Attendees will learn about participants and flow, rules and regulations that govern ACH and wires, domestic and international ACH and wire transfers, the exchange of funds between the originating and receiving institution, mandatory format, exceptions that occur both on the originating and receiving side of ACH and wire transfers. This 1 ½ hour webinar will also provide an overview of the most common audit findings and fraud trends in each of these payment systems.

Key Takeaways:

• Learn the fundamentals of the ACH and Wire Transfer Payments Systems.
• Learn the flow of funds for each system.
• Understand the common exceptions in these payment systems.
• Learn the most common fraud trends in these payments systems.
• Understand the most common audit findings in ACH and Wire Transfer Programs.

Who Should Attend?

• BSA Officers and Support Teams
• Compliance Teams
• Deposit Operation Teams
• Electronic Banking Teams
• Fraud Management Teams
• Front-Line Teams (Customer/Member Service Representatives)
• Internal Auditors
• Information Security Officers
• Risk Management
• Senior Management/Executive Management

Speaker: Terri Sands, CAMS – Audit, AAP, CFE, CACTS, Managing Director, Payments, Regulatory Compliance and Financial Crimes and Kelly Rozier, AAP, APRP, Associate, Payments, Regulatory Compliance and Financial Crimes.

Topics include:

• ACH
• Wire Transfer