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Consumer E-Payments - Complying with Auditor's Standards: Part II - Specific Payments Types
 
Ray Graber

Ray Graber is Keynote Speaker at Compliance key Inc. He has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research at Tower Group; best practices Internet policies at Fleet Boston Financial; wire transfer operations and p

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Overview
This E-payments compliance training will outline and discuss the emerging market of electronic payments: including electronic checks, bankcards, payment cards, ACH, EFT/POS networks, electronic bill payment, person-to-person (P2P), and account-to-account (A2A) payment systems. We will talk about risk profiles and the quality of risk management practices as required from internal and external auditors.
 
Why should you attend this webinar ?
Retail payment services expose financial institutions to numerous risks, including legal, compliance, strategic, operational, credit and liquidity. Depending on the complexity of retail payment system activity, the scope of the examination may require an integrated team approach that includes the knowledge, skills, and expertise of, IT, credit, and compliance specialists.
Part II provides additional validation steps to verify the effectiveness of a financial institution's internal control processes over ACH, EFT/POS networks, check items, electronic banking related retail payments, and bankcard processing, clearance, and settlement. These procedures assist in achieving examination objectives, and examiners may use them in their entirety or selectively, depending upon the scope of the examination and the need for additional verification.
The procedures provided in this session should not be construed as requirements for control implementation. The selection of controls and control implementation should be guided by the risk profile of the institution.
Bank staff being examined should coordinate with other departments involved in assessing the institution's information systems, operations, information security, and vendor management effectiveness to ensure there is an adequate understanding of the control environment as it pertains to retail payment business lines and to avoid duplication of effort.
 
Areas Covered in the Session:
  • Assessing EFT/POS and bankcard agreements
  • Establishing standards for PINs and overall information security
  • Assessing card issuance activities
  • Quality of Business Continuity Planning
  • EFT/POS operational controls 
  • ACH ODFI and RDFI responsibilities
  • ACH funding and credit
  • Web and telephone ACH transactions
  • Remote Deposit Capture risk management 
  • Emerging technologies
  • Conclusion
 
Who can Benefit:
  • Accounts Payable Managers
  • Payments professionals
  • Operations managers
  • Treasury managers
  • Corporate treasury professionals
  • Operations Managers
  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Operational Risk Managers
  • Business Managers/Controllers
  • Account Managers
  • Credit Unions
  • Payment processors
Product Id : CIFCRG002
Training Options                        Duration: 60 mins
Recorded   (6 months unlimited access)
  $193
     Refund Policy
 
 
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