Event Details*
Wednesday, July 16, 2025
2:00 - 3:30 pm ET
Webinar; 1.8 AAP/APRP CEU Eligible
Level: Advanced
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.’
New accounts opened online come with a variety of risks to the institution. With a lack of transactional history, it can be challenging to identify unusual or potentially fraudulent activity.
Bad actors are taking full advantage of institutions using outdated KYC procedures, who allow P2P debits against external accounts with few limitations, and who fail to gain proper authorization from the true Receiver of the debit entry.
Recent cases have revealed new indicators of this form of fraud, many cases exposing ODFIs to significant, unrecoverable losses, primarily due to insufficient monitoring, inadequate limits, and deficient authorization practices.
At the conclusion of this advanced, interactive course, learners will be able to:
• Document common red flag indicators of new accounts opened for fraudulent intent,
• Compare the benefits and limitations of common account validation methods, such as micro-entries and APIs,
• Assess an institution’s risk profile based on their current practices,
• Recommend appropriate changes to policy and procedures, and
• Develop a plan of action to reduce new account funding fraud risks associated with new account funding sources.
Speaker:
• Rayleen M. Pirnie, BCJ, AAP, CERP, Director, Risk & Fraud, NEACH
Audience:
• AAPs
• ACH Origination
• ACH Receipt
• APRPs
• BSA/Compliance
• Electronic Banking
• Financial Institutions
• Operations
• Payments Rules and Regulations
• Payments and Industry Trends
• Product Management
• Product/Vendor Management
• Retail Banking/Front Line Staff
• Risk Management (Including Fraud Incidents)
• Training Director
• Treasury/ Cash Management
You might also like:
• Credit Push Payments and UCC 4A
• Nacha's Risk Management Framework
*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.’