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U.S. Payments Industry 2017

Start Date:
Thursday, 16 March, 2017
End Date:
Friday, 17 March, 2017 6:00pm
Hepatology, Infectious Disease, Rheumatology, Internal Medicine, Emergency Medicine, Physical Medicine, Sports Medicine, Headache / Migraine

Course "U.S. Payments Industry: The Players, Trends, and Compliance Issues Faced" has been pre-approved by RAPS as eligible for up to 12 credits towards a participant's RAC recertification upon full completion.Overview:The U.S. payments industry 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.The yearly payment volumes - B2B only - of processors such as CHIPS, Fedwire, SWIFT, and ACH are growing steadily, while checks are declining at a small single-digit rate.Banks are spending significant dollars to upgrade existing solutions to support new SaaS and cloud-based integration interfaces to lower the cost associated with linking into corporate enterprise systems (both front office and back-office).

Banks are also adding resources to staff to improve integration to the clients made with the goal of getting a leg up on the competition.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 role of the compliance officer is changing because banks and corporations are struggling to serve many masters; some with similar goals and others with contradictory ones.

Regulators, corporate clients, Boards of Directors, and shareholders are pulling them 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. Areas Covered in the Session: Background of payment types, their uses, and differencesVolumes by dollars and transaction trendsHow payments are viewed by different partiesB2B payments and fraud issuesElectronic payments and their issuesRisk AssessmentConsumer payment fraud issuesPeople, Processes, and ProgramsRole of the compliance officer Who Will Benefit:CFOCIOCTOOperations managerPayments managerCompliance OfficerAccountants and CPAs Agenda:Day 1 Schedule: Lecture 1:Overview and GroundingOverview of payment types - both B2B and consumer paymentsPayment types that are declining and those that are growing:ACH, CHIPS, Fedwire, electronic payments, virtual currency, etc.Lecture 2:Differing Views/Perspectives of PaymentsWhat is the customer's view of payments?What are their needs?View of compliance/rules/regulationsWhat is the financial institution's view?How do they stay compliant?Rules and regulations the customer does not seeBalancing customer service and complianceS.W.O.T.

AnalysisExamples:U.S. Bank, International bank, Non-bank, Virtual bankLecture 3:B2B Payments and the Compliance Issues They FaceB2B check fraud and controls to put in placeKey aspects of the role and key players involved B2B paymentsRegulatory agencies and their rolesRole of the Compliance OfficerMovement from paper to electronic and the issues that ariseNon-bank payment channelsPlans and polices to combat payment theft and related fraudRed flags to watch for and prevention methodsBest practices for GRCLecture 4:Case Study and problem solving in small groups Day 2 Schedule: Lecture 1:Faster PaymentsThe U.K.

Payment System before the FPSUnited Kingdom Faster Payments Service (FPS) nowFPS Costs and who bore themFPS ImplementationBenefits of such a systemImplications for the United StatesValue of the benefits versus costs of adopting the service?Impact on existing systemsFuture for existing systemsLecture 2:Payment Risk Management and Fraud ControlPayment System Risk PolicyFFIEC Action Summary for Retail PaymentsAreas of Risk and Risk Assessment ActivitiesCross Channel Risk MitigationPeople, Processes, and ProductsIs there an optimal organizational structure / for managing payments strategy?Are there best practices that apply to my institution?What are the hurdles in establishing an organization focused on the payments business?Are there common pitfalls?Lecture 3:Consumer E-Payments - Complying with Auditor's Standards: Part I - Identifying and Understanding the RisksAssessing the risk level in consumer paymentsEstablishing the scope and objectivesAssessing the oversight qualityRisk management and support for bank card issuanceQuality of policies, procedures, and limitsRisk assessment and support for:EFT/POS processingACH processingEmerging technologiesLecture 4:Case Study and/or roundtable discussion of what we have learnedSpeaker: Ray GraberPresident, Graber Associates LLC 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.Ray holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and MIS, both from Boston College. Location: Chicago, IL Date: March 16th & 17th, 2017 Time: 9:00 AM to 6:00 PM Venue: WILL BE ANNOUNCED SOON Price: $1,295.00 (Seminar for One Delegate) Register now and save $200. (Early Bird) Until February 10, Early Bird Price: $1,295.00 from February 11 to March 14, Regular Price: $1,495.00 Quick Contact:NetZealous DBA as GlobalCompliancePanel Phone: 1-800-447-9407Fax: 302-288-6884Email:


Four Points by Sheraton Chicago O'Hare 10249 W Irving Park Road,
Schiller Park,
United States

Organizer Details

Conference organized by NetZealous DBA as GlobalCompliancePanel

NetZealous LLC-globalcompliancepanel, 161 Mission Falls Lane, Suite 216, Fremont,CA94539, USA
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