Overview :
The role of the compliance officer is changing because banks are struggling to serve many masters; some with like goals and others with contradictory ones. Regulators, corporate clients, Boards of Directors, and shareholders are pulling in their own directions.
Fraud in some payment types are declining while others are picking up that slack. ACH, CHIPS, and Fedwire payments are taking the place of B2B checks but there exists compliance and fraud issues in all of them.
Businesses of all sizes are trying to send payments in the most cost-effective way and not necessarily through the bank- established channels.
Corporate financial professionals want a conversion from paper to electronic payments, but only if they can get the payment information with the money transfer.
Why Should You Attend :
The B2B payments industry in the US is struggling with an identity crisis. Regulatory authorities are demanding that the payments industry tighten their reins on the adherence to regulations and compliance mandates; technology is enabling payments providers, banks, and networks to venture further into new frontiers; practitioners are worried about security; and infrastructures are getting old and in need of repair or replacement.
The task of replacing these systems is so daunting; no wonder no one wants to launch a project to overhaul the enterprise payments network within the business or within the banks.
Areas Covered in this Webinar :
Payment types that are declining and those that are growing: ACH, CHIPS, and Fedwire
B2B check fraud, payment theft and controls to put in place
Key aspects of the role and key players involved B2B payments
Regulatory agencies and their roles
Role of the Compliance Officer
Movement from paper to electronic and associated issues
Non-bank payment channels
Plans and polices to combat payment theft and related fraud
Red flags to watch for and prevention methods
Best practices for GRC
Learning Objectives :
How to prepare for and protect the institution from fraud in the B2B payments space.
Options for your Compliance Officer’s role and strategy.
Regulatory issues and red flags to watch for.
Who Will Benefit :
Payments professionals
Bank Compliance Officer
Cash Management professionals
Risk/Compliance Officer
Deposit Operations managers
Corporate finance officers
Regulatory Compliance Associates and Managers
For more information, please visit : https://www.complianceglobal.us/product/700658/RayGraber/us-b2b-payments-regulatory-and-compliance-issues/1
Email: support@complianceglobal.us
Toll Free: +1-844-746-4244
Tel: +1-516-900-5515
Level:
Intermediate
Speaker Profile :
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 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.
Mr. Graber was an adjunct professor at the Carroll School of Management at Boston College where he taught three graduate-level courses: E-Banking, the MBA 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.
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