ACH Risk Management: One and a Half Day In-Person Seminar

By: Rayleen M. Pirnie, AAP, CEO and Founder, RP Payments Risk Consulting Services, LLC
Location :- San Francisco, CA | Thursday, February 28, 2019 | Friday, March 01, 2019
“ACH Risk Management” – This course is approved by NASBA (National Association of State Boards of Accountancy). Seminar attendees are eligible for 11.4 CPE credits upon completion of this workshop.

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Course Description:

Updated for 2018! New frauds, exciting twists and cases, and even more tips and tricks to managing ACH Risk! But what has not changed – attendees still help develop the actual agenda of the course – we’ll cover the topics important to you.

Hold onto your seats! This fast-paced, interactive, high-energy bootcamp provides attendees with everything from the basics to the more advanced aspects of managing risk in ACH processing. ACH Network participants bear significant responsibility and risk in their daily transaction processing. Combine daily operations, liabilities, network warranties, and obligations that go beyond the ACH Rules book, then throw in increasingly sophisticated fraud schemes and it’s easy to see how ACH Risk Management is a complex balance that takes dedication and planning to master.

Did you know

  • Many state and federal laws can impact your responsibility and liability in an ACH transaction?
  • Recent ACH Rules changes can create large financial losses for returned ACH transactions?
  • Frauds using the ACH Network are increasing in complexity and occurrences?
  • Many ACH Rules violations are easily correctable?

Using real life case studies, attendees will put their knowledge to the test and determine appropriate responses to risk scenarios.

Learning Objectives:

  • Learn how to navigate the ACH Rules book.
  • Identify areas of ACH risk, related rules, guidance and regulations.
  • Recognize appropriate ACH risk management techniques.
  • Translate new techniques into actionable practices.
  • Document fraud risk management.
  • Analyze case studies to determine an appropriate course of action that minimizes risk.
  • Organize a list of three (3) action items to immediately review upon returning to work.

Areas Covered in the Seminar:

  • The ACH Rules Book
  • Participants and processes
  • ACH risk
  • ACH Rules that present significant risk if not followed properly
  • Guidance related to risk management and fraud prevention
  • Federal rules, guidance, and laws
  • ACH Risk Assessment and Audit essentials
  • ACH fraud identification and response
  • Unique individual and group exercises to apply new knowledge

Who will Benefit:

Any payments professional working in the ACH Network will benefit from this course; these individuals could include operations, compliance, AR/AP, payroll, risk management, audit, legal counsel, management, risk officers, and AAP’s.

CPE-GRC

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.

Field of Study:
  • Auditing: 6 CPE Credits
  • Management Advisory Services: 6.4 CPE Credits
  • Specialized Knowledge and Applications: 2 CPE Credits
  • Total CPE credits earned in this workshop: 14.4 CPE Credits

Program Delivery Method: Group-Live
Program Level: Intermediate
Advance Preparation/Program Prerequisites: Basic understand of the ACH Network including transaction flow and risk.

Course Outline

Day One (8:30 AM – 4:00 PM)
  • 08.30 AM - 09.00 AM: Registration
  • 9:00 – 11:45 AM: Introduction, course objectives, and ACH Basics (30 min)
    • Attendees help define course objectives by identifying their needs
    • How to navigate the ACH Rules
      • Attendee driven discussion
      • How to locate specific Rules / sections
      • New and upcoming Rules
    • ACH Basics (topics covered depend on attendees)
      • Participants and transaction flows (credits and debits)
      • Common questions
      • Authorizations
      • Returns
      • Originator Risk
      • ODFI Risk
      • RDFI Risk
      • Security Framework
      • Third-Parties (TPS and TSPS)
      • Written Statements and Stop Pays
    • Pros and Cons
    • Categories of risk
  • 11:45 – 12:30 PM: Lunch
  • 12:30 – 4:00 PM: Regulations, Guidance and the ACH Rules
    • Impacts on participants (Originator, TPS, ODFI and RDFI)
    • Federal Agencies (FTC, CFPB, etc.)
    • Regulator guidance and expectations
    • Related regulations
Day Two (9:00 AM – 12:00 PM)
  • 9:00 – 9:15 AM: Recap course so far and set day 2 objectives
  • 9:15 - 10:30 AM: Investigating and Responding to ACH Fraud
  • 10:45 – 11:15 AM: Case studies
    • Attendees define appropriate responses to various case studies
    • Cases depend on audience – examples return handling, authorization issues, positions of fines / penalties, identifying TPS, fraud scenarios, etc.
    • Group share and final action items
    • Originators (businesses) dismissed
  • 11:15 – 12:00 PM: Risk Assessments and Audit Essentials (ODFIs and RDFIs only)
    • Steps to developing the assessment
    • The risk assessment process
    • The guidance
    • The Do’s and Don’ts
    • Auditing essentials – testing the assessment

Meet Your Instructor

Rayleen-M-Pirnie-90X112
Rayleen M. Pirnie, AAP
CEO and Founder, RP Payments Risk Consulting Services, LLC

Rayleen is a recognized payments risk and fraud expert who works with financial institutions and businesses across the nation to help them understand today's threats and develop appropriate risk mitigation strategies. She also speaks to consumer groups revealing real-world methods to reduce the chances of devastating frauds, and law enforcement on payment system processing and evidence collection in electronic payment channels. Rayleen's areas of expertise include regulatory compliance, payment system risk management, cybercrimes, and information security.

Rayleen conveys current trends via conference presentations, blogs, and newsletter articles plus supports groups with special projects.

Prior to her leap to private consulting, Rayleen was the Director of Payments Risk & Fraud at EPCOR for 8 years. She joined EPCOR after a 10-year career as a fraud investigator in banking.

Rayleen graduated with honors from The University of Phoenix earning a Bachelor's of Science in Criminal Justice Administration and is an Accredited ACH Professional (AAP).

Rayleen enjoys gardening with the best helper in the world, her grandson. She also enjoys reading and music. She is an advocate and supporter of The Animal Rescue Alliance. Rayleen and her husband Mike currently have four adopted fur-kids of their own.

Rayleen enjoys gardening with the best helper in the world, her grandson. She also enjoys reading and music. She is an advocate and supporter of The Animal Rescue Alliance. Rayleen and her husband Mike currently have four adopted fur-kids of their own.

Anonymous feedback from 2014 360REACH:

“Rayleen exemplifies knowledge and integrity. Her outstanding presentation style conveys her strengths as well as inspires confidence.”

“Her organizational skills - over the years she has been involved in multiple projects/committees at any given time and I have not seen her ever appear unprepared. She is also quite successful in asking for others to become more active/involved in a manner that makes the person asked WANT to be involved.”

Location :
San Francisco, CA
(Venue to be announced shortly)

February 28-March 01, 2019
Register Online

Register Online

$1,299

Seminar One Registration

February 28-March 01, 2019, San Francisco, CA
(Registrations till January 18, 2019 - $1299)
(Registrations after January 18, 2019 - $1499)

Early bird seats are limited and based on first-come, first-serve.

Your registration fee includes the workshop, all course materials and lunch.
For discounts on multiple registrations, contact customer care at +1-1-888-771-6965.

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Written cancellations through fax or email (from the person who has registered for this conference) received at least 10 calendar days prior to the start date of the event will receive a refund — less a $300 administration fee. No cancellations will be accepted — nor refunds issued — within 10 calendar days from the start date of the event.

On request by email or fax (before the seminar) a credit for the amount paid minus administration fees ($300) will be transferred to any future GRC Seminars event and a credit note will be issued.

Substitutions may be made at any time. No-shows will be charged the full amount.

We discourage onsite registrations, however if you wish to register onsite payment to happen through credit card immediately or check to be submitted onsite. Conference material will be given on the spot if it is available after distributing to other attendees. In case it is not available we will send the material after the conference is over.

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