As the payment’s landscape evolves, customers expect that businesses and financial institutions alike will work to deliver these smarter, faster, easier payment solutions. This shift doesn’t come without challenges. As payments change, fraudsters seem to be working overtime, and understanding their schemes is the first step in mitigating fraud at your organization.

Speakers on this session will explore credit push fraud scenarios and how they target your customers. Learn from the experts that created Nacha’s New Risk Management Framework for the Era of Credit Push Fraud, as they discuss examples from their work in risk management and discuss how your organization can identify and respond to these credit push fraud scenarios.

Speaker(s):

Jordan Bennett
Senior Director of Network Risk Management
Nacha

Tim Thorson
SVP Payments Risk
Regions Bank

*This webinar is eligible for 1.2 AAP/APRP continuing education credits.

Keyword(s): AAP/APRP

We’ve closed the (Nacha Operating Rule) book on 2022, and it’s time to see what’s on the horizon in 2023. Prepare your team for what lies ahead by learning about upcoming changes directly from the source.

In the first quarter of 2023, Originators will need to be ready to comply with Phase 2 of the Micro-Entry Rule. Is your organization ready? This webinar will dive into important updates that Originators and ODFIs must be aware of to remain in compliance once Phase 2 begins. Speakers will also discuss the effects of earlier rule implementations, and how they may affect ACH Network participants as we move into 2023.

Gain Insight & Understanding

During this webinar, you will learn:
• the details of the new Rule amendments, including the implementation dates 
• how ODFIs and RDFIs can prepare to remain compliant as implementation dates approach
• the effects of these rule implementations on the ACH Network and its participants

Speaker(s):

Amy K. Morris
Senior Director, ACH Network Rules, Nacha

Debbie Barr, AAP, CTP 
Senior Director, ACH Network Rules Process & Communications

*This webinar is eligible for 1.8 AAP/APRP continuing education credits.

Keyword(s): AAP/APRP

Nacha’s new risk management framework calls for a new way of thinking about fraud prevention, detection and recovery, and a cultural change in the industry about fraud information sharing.

Nacha’s previous risk management strategies for the ACH Network have focused on protecting consumers and organizations, and their account-holding financial institutions, from fraud due to unauthorized debits that pull money from their accounts.  Now, however, the most significant fraud threats to bank account holders involve frauds and scams that result in money being sent out of their accounts.

This Risk Management Framework identifies current fraud threats and provides direction on opportunities to improve fraud detection, prevention, and the recovery of funds.  

This important webinar explores the objectives, themes and areas of focus as detailed in the Risk Management Framework. 

Speaker(s):

Jordan Bennett, Senior Director, Network Risk Management, Nacha
Jeanette Fox, Senior Director, Risk Investigation & ACH Network Risk Management, Nacha
Michael Herd, Senior Vice President, ACH Network Administration, Nacha

This webinar is eligible for 1.8 AAP/APRP continuing education credits.

Keywords: WEB1022, AAP/APRP

Contracts and agreements are a cornerstone of the payments industry. Whether between financial institutions and a business client, an FI and a service provider, or between fintech partners, clearly articulating the terms of the agreement is critical to protect an organization while maintaining the integrity of the payment system. This session examines how contracts and agreements comprise the foundation of the ACH Network, reviews potential concerns from different perspectives of all involved, and details best practices to define requirements by party and tactically ensure the agreements or contracts are addressing these issues. Speakers also discuss methods to explain to clients that obligations are pushed through to them and the implications in case the terms are not understood or violated.

Speaker(s):

Jennifer Aguilar, Senior Associate Alston & Bird LLP

Cassandra M. Haddock, Senior Vice President & Associate General Counsel KeyBank

Conference recordings are not eligible for continuing education credits.

Keyword(s): ALCS2022

In addition to being more convenient, nontraditional payment methods for P2P, B2C and C2B also shift away from cards and checks to apps and mobile. These changes also raise questions about authentication and authorization methods, as well as consumer protection and regulatory assurances. This course focuses on how Regulation E coverage extends (or not) to emerging products.

Speaker: Jennifer Aguilar, APRP, Alston & Bird LLP

*This conference recording is not eligible for continuing education credit

Keyword: TPI2022

Nacha’s recently released Risk Management Framework report identifies the opportunity for cooperation and information sharing between financial institutions to successfully fight credit push payments fraud.  The International ACH Remittance API Standard (IAR) developed by Afinis, a Nacha operated organization, provides financial institutions that send or receive IAT ACH transactions with a real time method to send and verify ISO20022 international ACH remittance data to help mitigate fraud, avoid suspended payments and reduce cross-border ACH returns. Financial institutions can choose an IAR implementation option to support financial institution partnerships.  

Speakers on this webinar will discuss the identified gaps for cross-border ACH payment remittance, the ISO 20022 Underlying Customer Credit Transfer element used as the basis of the API, the development of the International ACH Remittance API standard, and the opportunities for implementation of the new API.

Speaker(s):
Amy Morris, Senior Director, ACH Network Rules, Nacha
David Chance, Independent Consultant
George Throckmorton, Managing Director, Strategic Initiatives & Network Development, Nacha

This webinar is eligible for 1.8 AAP/APRP continuing education credits.

Keyword(s): AAP/APRP 

This session examines how to provide enough information to allow consumers to make informed choices for faster payments. Changes in the industry are occurring at a rapid pace, and at the center of that change is the convergence of payments innovation, marketing, and consumer understanding. Helping consumers make informed decisions while demonstrating that not all forms of payments are the same is critical, particularly while considering decisions from the CFPB perspective, disclosure requirements, consumer regulations and buyer protection, differences between credit push and debit pull, and what "irrevocable" really means. Speaker provides a foundational perspective - from the way products are marketed and how to present information about payments and payment choices - and listeners come away from this session armed with information about how to use the looking glass to help clients make informed decisions.

Speaker(s):

Mercedes Tunstall, Partner at Cadwalader, Wickersham & Taft LLP

Conference recordings are not eligible for continuing education credits.

Keyword(s): ALCS 2022

Financial institutions make business decisions to originate ACH transactions for clients, and it is incumbent on them to conduct appropriate due diligence and related risk management. With what could be considered high risk activity, it is imperative that the FI implements a robust and holistic risk management program throughout the life cycle that has active involvement and commitment across the organization. Online gaming, cannabis, adult entertainment, and other transactions are examples of industries where banks have proceeded with caution. These industries could represent potential threats to payment systems so, as a result, various payment systems rules have been defined, all with the goal of protecting the integrity of the system as well as limiting possible risk. Speakers in this session discuss what constitutes "high risk" payments and the types and magnitude of transactions that give rise to such risks. Understand who needs to be involved and why, what process elements need to be considered, and what are potential client showstopper questions.

Speaker(s):

Ellen Berge

Partner, Venable LLP

Conference recordings are not eligible for continuing education credits.

Keyword(s): ALCS 2022

As the payments business continues to change so does the nature of the regulatory environment related to new and emerging payment technologies. This session explores the implications of decentralized finance methods - including AI, stablecoin, cryptocurrency, and smart machines - on payments as well as how these technologies might impact an organization's risk profile. The speaker also reviews some of the new advancements that are not necessarily ready for "regulatory prime time" and considers regulatory statements that have been filed but not yet acted upon.

Speaker(s):

Ted Claypoole

Partner, Womble Carlyle

Conference recordings are not eligible for continuing education credits.

Keyword(s): ALCS2022

The seemingly endless alphabet soup of payments regulators can lead to confusion and even angst. Which agency governs which organization, what entity can impose sanctions or create enforceable rules, what types of oversight fall under the purview of what regulator? It's enough to confound any payments professional seeking out a clear plan to help guide their organization. This session provides attendees with an understanding of who regulators are, what they do, and the extent of the regulatory reach. The speaker provides advice on how best to create procedures to respond and relate to regulatory bodies while communicating the need for understanding changing regulatory requirements.

Speaker(s):

Matthew Luzadder

Managing Partner Chicago Office, Kelley Drye & Warren LLP

Keyword(s): ALCS2022

Conference recordings are not eligible for continuing education credits.