Consumer E-Payments - Complying with Auditor's Standards: Specific Payments Types

Duration: 75 Minutes
This E-payments compliance training will outline and discuss 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.
E-payments Compliance Training
Instructor: Ray Graber
Product ID: 502045
Objectives of the Presentation
  • Examination components
  • Specific payment types: Bankcards, EFT/POS processing, ACH processing, Web and Telephone
  • Safeguarding PINs and Card Issuance
  • Transaction Processing and Operational Controls
  • Check 21, Remote Deposit Capture
  • Overarching issues
  • Business Continuity and Contingency plans
  • Resources for you and your team
Why Should you Attend
This webinar provides 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
  • 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 will Benefit
  • Bankers
  • Corporate treasury professionals
  • Payments network providers
  • Payments processors
  • Small to medium sized companies
  • Any industry
Topic Background
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.
$300
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How it works
Live Session - How it works
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  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Ray Graber has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research and consulting at TowerGroup, best practices Internet security, policies, and procedures at FleetBoston Financial, wire transfer operations and product launches at Citibank and BankBoston, and treasury operations for a $325 million public company.

Ray was an adjunct professor at the Carroll School of Management at Boston College where he taught three graduate-level courses: E-Banking, theMBA Leadership Workshop, and Corporate Finance. Previously, he taught the Financial Management of Commercial Banks in the Boston College Carroll School of Management Masters of Finance Program and Working Capital Management and Cash Management at the Bentley College Graduate Business Program.

Ray holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and MIS, both from Boston College.
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