ACH risk management has become a focus of regulators in recent years and attaining a compliant status goes well beyond adherence to the ACH Rules. Every participant in the network except consumers bear some responsibility, with Originating Depository Financial Institutions (ODFIs) and their Originators and Third-Parties bearing the brunt of the liability. The introduction of new ACH Rules, increasing fraud using the ACH Network, and a greater focus on consumer protections make risk management more difficult every day.
This course will:
Using real life case studies, attendees will put their knowledge to the test and determine appropriate courses of action during the workshop. Attendees, in small groups using different cases, will be given one piece of the issue at a time, much like real-life risk scenarios play out since we rarely have all the facts at the time we need to start making decisions. Each new fact will challenge participants to navigate potentially devastating scenarios.
Who will Benefit:
Payments professionals working in the ACH Network will benefit from this course; these individuals could include operations, compliance, risk management and audit.
The course will prove most beneficial for financial institution staff, Third-party senders and third-party processors who offer ACH Origination services to other businesses, and Originators of ACH (i.e. businesses).
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