April 2017

Ray Graber presents - Bitcoin: Fear, Uncertainty, and Doubt (FUD) – for Demystified Solutions

April 4

Bitcoins have gotten much more traction than early detractors and pundits expected. With that reality, what do banks need to do, if anything, to prepare for their existence and surprising acceptance? It appears that Bitcoin and blockchain are here to stay – what does that mean to your institution?

Bitcoins have been adopted by a wide range of user – the good, the bad, and the ugly. Understanding how they and the block chain operate is essential to preparing for is further adoption and incorporation into financial society.

Although primarily associated with bitcoin, the blockchain is increasingly being eyed by the financial services world as a potential boon for a range of functions. Senior bankers are discussing the potential of blockchain technology as a way to cut costs and improve transparency for financial transactions.

Major banks have all recently confirmed that they are exploring the blockchain, while last week a bank analyst speculated that the distributed ledger has the potential to completely upend post-trade infrastructure.

No bank can afford to ignore what it [bitcoin and the blockchain] promises for the ongoing avalanche of digital innovations to come, including fighting crime and combatting cyber-attacks.

Ray Graber presents - Credit Card Surcharging: What Are The Stipulations For Compliance? – for Compliance Key

April 6

This training on credit card surcharge compliance issues will discuss how the recent changes in the law will affect end-user organizations. It will also provide attendees with the tools necessary to review and deal with any potential surcharge/checkout fee situations.

Credit card surcharging is prohibited in ten (10) states while another dozen states are considering legislation Surcharging had been historically prohibited in the U.S. per the networks' merchant rules, as well as prohibited by law in 10 states. Any state law will continue to "trump" networks' merchant rules. The recent changes in surcharging law could not only affect your merchant processing transactions but also your credit card usage.

March 2017

Greg Souther Webinar by Ray Graber: Payment System Policy: FFIEC, Risk Management, & Fraud Control

March 8

Webinar presented by Ray Graber
Payment System Policy: FFIEC, Risk Management, & Fraud Control

Is your financial institution or corporation ready for the future? The payments landscape and regulatory climate continues to undergo dramatic change and now is the time to plan for what’s coming. This webinar is tailored to help you understand how strategic planning and risk management impact driving growth, managing regulatory uncertainty, and moving into the future while protecting your business.

This session allows for a dynamic exchange of ideas related to payments strategies and risk management programs and serves as a unique opportunity for financial institutions and corporations to gain insight and prepare for the future.

Payments In The U.S. And The Compliance Issues They Face

March 23

Webinar hosted by ComplianceKey, delivered by Ray Graber
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.

This session is a cost-effective way to understand that the U.S. B2B 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.

We will discuss how to mitigate the losses and manage all of the attacks from various fraudsters across payment types.

Cash Management Essentials: Who, What, When, Where, and How

March 24

Webinar hosted by Online Compliance, delivered by Ray Graber

Cash is King! But managing cash can be a pain in the butt. Establishing procedures, maintaining banking relationships, and getting good, reliable information are some of the key elements of good cash management. The larger the company, the more complex the issues and hence the solutions. No longer a pencil and paper enterprise; managing cash is the Rubik’s Cube of finance.

A bank that is not making its commercial and small business customers’ lives easier cannot expect them to utilize its Cash Management products. Internet cash management is typically the anchor product and ancillary systems such as ACH, positive pay and bill pay are often bolted on as an afterthought.

Credit Card Surcharging - Who Is Going To Do It And What Are The Stipulations For Compliance?

March 31

Webinar hosted by ComplianceOnline, delivered by Ray Graber

Passing on interchange fees has always been against card network regulations and companies have found unique ways to get around the regulations or simply did not comply. An anti-trust lawsuit finally filed in 2005 and in July 13, 2012 the suit was finally settled.

Credit card surcharging is prohibited in ten (10) states while other states are considering legislation. The regulations are daunting for charging a surcharge; should you consider it to recoup transaction fees?

February 2017

Consumer E-Payments - Complying with Auditor's Standards: Part II – Specific Payments Types

February 7

Webinar presented by Ray Graber

Part II provides additional validation steps to verify the effectiveness of a financial institution's internal control processes over ACH, EFT/POS networks, check items, electronic banking related retail payments, and bankcard processing, clearance, and settlement. These procedures assist in achieving examination objectives, and examiners may use them in their entirety or selectively, depending upon the scope of the examination and the need for additional verification.

The procedures provided in this session should not be construed as requirements for control implementation. The selection of controls and control implementation should be guided by the risk profile of the institution.

Bank staff being examined should coordinate with other departments involved in assessing the institution's information systems, operations, information security, and vendor management effectiveness to ensure there is an adequate understanding of the control environment as it pertains to retail payment business lines and to avoid duplication of effort.

Credit Card Surcharging - What Are the Stipulations for Compliance?

February 8

Webinar presented by Ray Graber

Passing on interchange fees has always been against card network regulations and companies have found unique ways to get around the regulations or simply did not comply. An anti-trust lawsuit was filed in 2005 and in July 13, 2012 the suit was finally settled.

Credit card surcharging is prohibited in ten (10) states while other states are considering legislation. The regulations are daunting for charging a surcharge; should you consider it to recoup transaction fees?

January 2017

B2B Payments in the U.S. and the Compliance Issues They Face

January 18th

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, Board 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.

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.

Do You Know Where Your Payments Are Going? Ways to Detect and Prevent AP Fraud.

January 26th

This webinar will discuss several key areas to investigate, how to uncover fraud, and put a plan in place to prevent it going forward. We will cover duplicate payments where a simple quarterly scan can uncover potential issues. By identifying some strategic areas to review, you can educate your staff on what to look for and modify some applications, either internal or vendor developed, to identify potential hazards. With these two steps alone, you may be able to pinpoint leakages that otherwise may go unnoticed.