Webinar: Managing Faster Payments Risk & Fraud
May 18, 2023 3:00 pm - 4:00 pm
The world seems to be continually spinning faster – and it’s taking the financial services industry with it.
Take this opportunity to learn how to recognize, evaluate, and avoid the risk and fraud attendant to faster payments. The danger zones, risks, and fraud are real. This dynamic webinar will provide the expert insight you need.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Identify the risk associated with faster payments
- Implement controls for faster payments
- Understand the rules governing various faster payments networks
- Identify OFAC requirements for faster payments
- Distinguish between different faster payments networks
WEBINAR DETAILS
All payments have risk and a potential for loss due to risk mismanagement and fraud! With payments moving faster than ever before along the RTP network, the FedNow Service, and other avenues, how have those risks evolved or changed? Are there new danger zones? Are there new ways to address this risk? Will faster payments equal faster fraud? Will fraud increase with the release of a faster solution? Learn the answers to these questions and more while building a risk-management program for a faster payment solution.
WHO SHOULD ATTEND?
This session is best suited for directors, managers, compliance officers, and operations personnel.
TAKE-AWAY TOOLKIT
- CFPB’s Electronic Fund Transfers FAQs
- OFAC’s Sanctions Compliance Guidance for Instant Payment Systems
- Nacha’s 9/22/22 Risk Management Framework
- RTP Rules Interpretation, Fraud Reporting, and Acting on Alerts
- FedNow fraud resource links
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Kevin Olsen, Pidgin/Payments Professor
For most of the past two decades Kevin Olsen has been managing the development and delivery of education services, including in-person, web conferences, and webcasts. Kevin creates programs, presentations, and articles designed to orient and educate financial professionals on electronic payment topics. As the “Payments Professor,” he brings enthusiasm and motivation to presentations. He views the world as a classroom, which is exemplified in the “edutainment” ed-u-tain-mint (noun: when education is motivating, informative, and fun) style of training he uses to educate and inform all on the latest developments and trends in the fascinating world of electronic payments.