Details
 

February 18, 2021

Managing Risk for ACH and Remote Deposit Capture

PacPay Education

February 18, 2021
9:00 AM - 12:00 PM Hawaii

PacPay-Macha Member & AAP Certified: $75
PacPay-Macha Member: $80
PacPay Member, Non-Macha Member: $130
Non-Member: $160

This session will focus on risk mitigation for two of the most common payments channels that your financial institution will need to address. 

First, we will cover ACH Risk. As an ODFI, you are liable for everything you send into the ACH network. Therefore, you need to have preventative measures in place when it comes to mitigating the risks. What processes do you have in place to underwrite the Originator? How do you detect fraudulent files? How do you ensure you don’t have Originators sending unauthorized files? How do you protect both your accountholders and your financial institution? 

Then we will move on to talking about risk on the check side of the house where we will focus on remote deposit capture. Do you have all the necessary steps covered to ensure you have created a comprehensive risk assessment for remote deposit capture (RDC)? Do they comply with FFIEC guidelines? The FFEIC issued “Risk Management of Remote Deposit Capture” along with regulators expecting you to identify the risks within your institution and to evaluate your controls while implementing risk management practices. A Risk Assessment is also required for Mobile RDC. Be prepared to answer the examiner’s questions. 

Who should attend: This session is ideal for ACH Operations, Management and Compliance Officers

3.6 AAP, APRP, NCP Continuing Education Credits

REGISTER

Contact

Toll Free Phone: 800-453-1843
Email: education@macha.org

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2021-02-18 2021-02-18 America/Detroit Managing Risk for ACH and Remote Deposit Capture February 18, 20219:00 AM - 12:00 PM Hawaii PacPay-Macha Member & AAP Certified: $75PacPay-Macha Member: $80PacPay Member, Non-Macha Member: $130Non-Member: $160 This session will focus on risk mitigation for two of the most common payments channels that your financial institution will need to address.  First, we will cover ACH Risk. As an ODFI, you are liable for everything you send into the ACH network. Therefore, you need to have preventative measures in place when it comes to mitigating the risks. What processes do you have in place to underwrite the Originator? How do you detect fraudulent files? How do you ensure you don’t have Originators sending unauthorized files? How do you protect both your accountholders and your financial institution?  Then we will move on to talking about risk on the check side of the house where we will focus on remote deposit capture. Do you have all the necessary steps covered to ensure you have created a comprehensive risk assessment for remote deposit capture (RDC)? Do they comply with FFIEC guidelines? The FFEIC issued “Risk Management of Remote Deposit Capture” along with regulators expecting you to identify the risks within your institution and to evaluate your controls while implementing risk management practices. A Risk Assessment is also required for Mobile RDC. Be prepared to answer the examiner’s questions.  Who should attend: This session is ideal for ACH Operations, Management and Compliance Officers 3.6 AAP, APRP, NCP Continuing Education Credits REGISTER Contact Toll Free Phone: 800-453-1843Email: education@macha.org ----