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Tackling ACH Risk and Fraud (com) A


Tackling ACH Risk and Fraud (com) A

Tackling ACH Risk and Fraud



The rewards of ACH payments are numerous, but various types of processing inherently increase risk to participants. This interactive course provides attendees an overview of ACH risk by participant (ODFI, RDFI, Originator, Third-Party), focusing on sound business strategies to minimize exposure and loss, and maintain compliance with the ACH Rules and applicable laws (i.e. UCC4A, Regulation E, etc.).

ACH processing requires more than just following the ACH Rules; many applicable laws are not covered in the Rules book, which can expose an ACH participant to needless risk and loss. This course explores a wide variety of topics including risk categories, sound business practices to minimize exposure, applicable laws and rules, and more.

Participants help define course objectives on day 1 ensuring the course meets your unique needs. Attendees leave with action items they can immediately implement and valuable resources including case studies for internal training and testing.

Seminar Fee Includes:LunchAM-PM Tea/CoffeeSeminar MaterialUSB with seminar presentationHard copy of presentationAttendance Certificate$100 Gift Cert for next seminar

Learning Objectives:

Learn how to navigate the ACH Rules book and find both the ACH Rule and the Guidance

Isolate risks by participant and strategies to reduce exposure

Record new Rules

Network with other attendees during interactive exercises like ACH Jeopardy: Find that Rule! and case studies

Areas Covered in the Seminar:

Navigating the ACH Rules

New ACH Rules

Impacts of laws and guidance on ACH processing obligations

ACH Risk and Risk Management strategies by participant and/or situation

ACH Fraud

ACH Jeopardy and case studies

Risk assessment and audit essentials (ODFIs and RDFIs)

Who will Benefit:

Any payments professional working in the ACH Network will benefit from this course; these individuals could include operations, compliance, AR/AP, payroll, risk management, audit, legal counsel, management, risk officers, and AAP’s.Important class notes from the speaker:

Bring your ACH Rules book if you want the ability to highlight sections as we navigate the book during class. I suggest bringing along a highlighter too if bringing the printed version of the book. Originators are welcome to stay until the course is finished, but the last 45 minutes of the program is intended for ODFIs and RDFIs as we explore audit and risk assessment criteria.

Field of Study:

Auditing: 6 CPE Credits Management Advisory Services: 6.4 CPE Credits Specialized Knowledge and Applications: 2 CPE Credits Total CPE credits earned in this workshop: 14.4 CPE Credits


Day 01(8:30 AM - 4:00 PM)

08.30 AM - 09.00 AM: Registration 9:00 – 11:45 AM: Introduction, course objectives, and ACH Basics Attendees help define course objectives by identifying their needs How to navigate the ACH Rules Attendee driven discussion How to locate specific Rules / sections New and upcoming Rules ACH Basics (topics depend on attendee knowledge level) Participants and transaction flows (credits and debits) Common questions Authorizations Returns Originator Risk ODFI Risk RDFI Risk Security Framework Third-Parties (TPS and TSPS) Written Statements and Stop Pays ACH Jeopardy: Find That Rule! Pros and Cons Categories of risk 11:45 – 12:30 PM: Lunch 12:30 – 4:00 PM: Regulations, Guidance and the ACH Rules Impacts on participants (Originator, TPS, ODFI and RDFI) Federal Agencies (FTC, CFPB, etc.) Regulator guidance and expectations Related regulations

Day 02(9:00 AM - 12:00 PM)

9:00 – 9:15 AM: Recap course so far and set day 2 objectives 9:15 - 10:30 AM: Investigating and Responding to ACH Fraud 10:45 – 11:15 AM: Case studies Attendees define appropriate responses to various case studies Cases depend on audience – examples return handling, authorization issues, positions of fines / penalties, identifying TPS, fraud scenarios, etc. Group share and final action items Originators (businesses) dismissed 11:15 – 12:00 PM: Risk Assessments and Audit Essentials (ODFIs and RDFIs only) Steps to developing the assessment The risk assessment process The guidance The Do’s and Don’ts Auditing essentials – testing the assessment


Rayleen M. Pirnie, AAPCEO and Founder, RP Payments Risk Consulting Services, LLC

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. She is an Accredited ACH Professional (AAP) and a Certified Enterprise Risk Professional (CERP) who has worked with all payment systems for 20 years. Rayleen also holds a Bachelor of Science in Criminal Justice Administration.

Please contact the event manager Marilyn (bWFyaWx5biAhIGIgISB0dXJuZXIgfCBueWV2ZW50c2xpc3QgISBjb20= ) below for:- Multiple participant discounts- Price quotations or visa invitation letters- Payment by alternate channels (PayPal, check, Western Union, wire transfers etc)- Event sponsorshipsNO REFUNDS ALLOWED ON REGISTRATIONSService fees included in this listing.-----------------------------------------------------------------Metricstream Inc - New York Events List

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