1.5 Days In-Person Seminar (Code – GRCSEM-6241)

ACH Risk Management: 1.5 day Workshop

Rayleen Pirnie

Founder and Owner of RP Payments Risk Consulting Services

February 7th & 8th 2019 | Thursday & Frida

Irvine, CA

Click here to download a Registration Form: Registration Form

Updated for 2019! New frauds, exciting twists and cases, and even more tips and tricks to managing ACH Risk! But what has not changed – attendees still help develop the actual agenda of the course – we’ll cover the topics important to you.

Hold onto your seats! This fast-paced, interactive, high-energy bootcamp provides attendees with everything from the basics to the more advanced aspects of managing risk in ACH processing. ACH Network participants bear significant responsibility and risk in their daily transaction processing. Combine daily operations, liabilities, network warranties, and obligations that go beyond the ACH Rules book, then throw in increasingly sophisticated fraud schemes and it’s easy to see how ACH Risk Management is a complex balance that takes dedication and planning to master.

Did you know??

  • Many state and federal laws can impact your responsibility and liability in an ACH transaction?
  • Recent ACH Rules changes can create large financial losses for returned ACH transactions?
  • Frauds using the ACH Network are increasing in complexity and occurrences?
  • Many ACH Rules violations are easily correctable?

Using real life case studies, attendees will put their knowledge to the test and determine appropriate responses to risk scenarios.

Learning Objectives:

  • Learn how to navigate the ACH Rules book.
  • Identify areas of ACH risk, related rules, guidance and regulations.
  • Recognize appropriate ACH risk management techniques.
  • Translate new techniques into actionable practices.
  • Document fraud risk management.
  • Analyze case studies to determine an appropriate course of action that minimizes risk.
  • Organize a list of three (3) action items to immediately review upon returning to work.

Areas Covered in the Seminar:

  • The ACH Rules Book
  • Participants and processes
  • ACH risk
  • ACH Rules that present significant risk if not followed properly
  • Guidance related to risk management and fraud prevention
  • Federal rules, guidance, and laws
  • ACH Risk Assessment and Audit essentials
  • ACH fraud identification and response
  • Unique individual and group exercises to apply new knowledge

Who will Benefit:

Any payments professional working in the ACH Network will benefit from this course; these individuals could include

  • ACH Operations staff
  • Compliance Officers (Auditors)
  • ACH Managers
  • Electronic Payments Professionals
  • AAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
  • Anyone who wishes to enhance their knowledge of the new rules
  • Financial Institutions
  • ACH Operations Departments
  • Audit Departments (within financial institutions)
  • Third-Party ACH Processers
  • Originators who issue Payment (ACH) Cards (Target, Kwik Trip, Shell Gas)
  • Operations
  • Compliance Manager
  • AR/AP
  • Payroll
  • Risk Management
  • Audit
  • Legal Counsel 
  • Management
  • Risk officers, and AAP’s.
Click here to download a Registration Form: Registration Form

Day 1:

8:30 – 9:00: Registration

9:00 – 11:45am: Introduction, course objectives, and ACH Basics (30 min)

  • Attendees help define course objectives by identifying their needs
  • How to navigate the ACH Rules
    • Attendee driven discussion
    • How to locate specific Rules / sections
    • New and upcoming Rules
  • ACH Basics (topics depend on attendees)
    • Participants and transaction flows (credits and debits)
    • Common questions
    • Authorizations
    • Returns
    • Originator Risk
    • ODFI Risk
    • RDFI Risk
    • Security Framework
    • Third-Parties (TPS and TSPS)
    • Written Statements and Stop Pays
  • Pros and Cons
  • Categories of risk

11:45 – 12:30 lunch

12:30 – 4:00 Regulations, Guidance and the ACH Rules

  • Impacts on participants (Originator, TPS, ODFI and RDFI)
  • Federal Agencies (FTC, CFPB, etc.)
  • Regulator guidance and expectations
  • Related regulations

Day 2:

9:00 – 9:15: recap course so far and set day 2 objectives

9:15 – 10:30 Investigating and Responding to ACH Fraud

10:45 – 11:15: Case studies

  • Attendees define appropriate responses to various case studies
  • Cases depend on audience – examples return handling, authorization issues, positions of fines / penalties, identifying TPS, fraud scenarios, etc.
  • Group share and final action items
  • Originators (businesses) dismissed

11:15 – 12:00: Risk Assessments and Audit Essentials (ODFIs and RDFIs only)

  • Steps to developing the assessment
  • The risk assessment process
  • The guidance
  • The Do’s and Don’ts
  • Auditing essentials – testing the assessment
Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. She is an Accredited ACH Professional (AAP) who has worked with all payment systems for nearly 20 years, and a Certified Enterprise Risk Professional (CERP). Rayleen also holds a Bachelor of Science in Criminal Justice Administration.
Click here to download a Registration Form: Registration Form

 

Schedule 1 - February 7th & 8th 2019 - Irvine, CA

 

Click here to download a Registration Form: Registration Form

 

Your Registration will get you: 

 

  • Shuttle - To and From Airport to Hotel
  • Breakfast and Snacks on both days
  • Tea/Coffee Unlimited
  • Lunch Buffet on both days
  • GRCTS Welcome Package
  • USB/ CD (Your Preference) with soft copies of the Presentation and Other handouts.
  • GRCTS Attendance Certificate

Available Options

Fee for One Single Participant - 2 Days

$1,399

Fee for Two Participants - 2 Days

$2,519

Fee for Three Participants - 2 Days

$3,779

Fee for Four Participants - 2 Days

$4,859

Fee for Eight Participants - 2 Days

$9,719

Fee for Five Single Participants - One Day

$6,299

Fee for Ten Single Participants - One Day

$12,599

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