Event Details*
Monday, February 03, 2025
On-Demand; 1.8 NCP CEU Eligible
Level: Intermediate
Event Registration**
Member Price: $200
Non-Member Price: $350
**With the $200 registration, members can register an unlimited number of participants from their organization. All participants must be registered simultaneously. To access this pricing, log in as a member and choose ‘Manage Group Registration for Company.’
Risk management starts at the top of an organization but then drives into almost every area. Payments are certainly not immune to risks, and check processing poses a significant risk to financial institutions as they contend with the laws, regulations, and rules that surround this payment rail. Navigating this complex environment can prove challenging, and failing to follow and understand the compliance factors increases this risk to depository and paying institutions alike. Some common issues relate to policy decisions regarding remote deposit capture, failing to have checks properly endorsed by entitled payees, and even not pursuing a warranty breach that could recoup losses in some scenarios. In this session, we dive into the risk management of checks by exploring topics related to legal and compliance risk, operational risk, credit risk, and fraud risk. Real-life use cases will be used to aid attendees in applying these concepts to real-life situations. Attendees will walk through strategies to help them effectively manage the risk associated with checks. Come join us as we explore the risk management of checks.
At the end of this session, learners will be able to:
• Examine the primary areas of risk that apply to check processing
• Formulate a plan for evaluating policy and procedure decisions
• Apply their newfound knowledge to identify process gaps and challenges
Speaker:
• Mary Mumper-Morrison, AAP, APRP, CAMS, Director, Education, NEACH
Audience:
• Anyone involved in check processing/RDC
• NCPs
• Operations
• Risk Management (Including Fraud Incidents)
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*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
**With the $200 registration, members can register an unlimited number of participants from their organization. All participants must be registered simultaneously. To access this pricing, log in as a member and choose ‘Manage Group Registration for Company.’