Webinar Information


Consumer e-payments - complying with auditor's standards: part ii – specific payments types


Webinar Title
Consumer e-payments - complying with auditor's standards: part ii – specific payments types
Event Type
Webinar
Webinar Date
19-06-2018
Last Date for Applying
18-06-2018
Location
Los Angeles, California, United States

Publish / Maintain / Marketing / Hosted By
Organization Name / Organize By
247compliance
Organizing/Related Departments
Marketing
Organization Type
Event Management Company
Webinar Category
Both (Technical & Non Technical)
Webinar Level
All (State/Province/Region, National & International)
Related Industries

Education/Teaching/Training/Development

Location
Los Angeles, California, United States

Introduction

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?

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.

Learning Objectives

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.

Areas covered in the Webinar

  • 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?

  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Operational Risk Managers
  • Business Managers/ Controllers
  • Accounting Managers and Staff

Speaker : Ray Graber

Ray Graber has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research at TowerGroup; best practices internet policies 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 Graduate School of Management at Boston College where he taught E-Banking, MBA Leadership, Corporate Finance, and the Financial Management of Commercial Banks. He also taught Working Capital 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 Computer Science from Boston College.

Time: 01:00 PM EST| 10:00 AM PST | Duration: 60 Minutes

Registration Fees
Available
Registration Fees Details
Live session for single participant $200 Online
Registration Ways
Email
Phone
Website
Address/Venue
Online  Pin/Zip Code : 93301
Official Email ID
webinar@247compliance.com
Contact
Operation Manager

Online

webinar@247compliance.com

   +1-(510)-868-1040