June 2017

Ray Graber to present - Accounts Payable Fraud – Ways to Detect and Prevent AP Fraud - for Compliance Key

June 6

Webinar presented by Ray Graber for Compliance Key

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.

May 2017

Ray Graber presenting at the NE AFP Annual Conference May 17th – 19th

Thursday, May 18

702−Payment issues − Minimizing the Risk of duplicate, fraudulent, and late payments - Thursday, 10:45-12:00

Organizations are continually striving to address inefficiencies in financial supply chain processes. These firms are exploring innovative ways to leverage automation not only to contain costs from a tactical perspective, but also strategically to enhance control, improve visibility and manage spend. This effort will reduce the process cycle time and thereby reduce working capital requirements. Accounts Payable Automation is emerging as one of the key components of this financial supply chain strategy.

Friday, May 19

507−B2B Payments in the U.S. and the Compliance Issues They Face - Friday, 10:30-11:45

The role of the compliance officer is changing because banks 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 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.

Friday, May 19

703−Balancing Customer Satisfaction with Security Issues - Friday, 1:30-2:45

Cash management services are essential for most businesses. Banks and credit unions need to protect themselves and their customers from potential fraud, misuse, and shear sloppiness. Fixing mistakes is much more costly, both in time and money, that getting it right the first time.

There must be a balance between security and ease of use; finding that balance is key to maintaining customers and obtaining new ones. We will discuss the best approach to creating a safe, secure, and efficient environment for your business customers.

Learn more about the conference.

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?