New FFIEC Payment System Requirements

Presenter: Lauren Sparks

Duration: 1 hour

Price: $249 / $199 for Affiliation Members

Examiners are now prepared to review your bank’s payment activities with a new set of requirements and priorities. Based on the recently issued Retail Payment Systems booklet released by the Federal Financial Institutions Examination Council (FFIEC), future exams will address changes in technology and check clearing processes since the last booklet was issued in 2004. Besides processing ACH and making inroads with remote deposit capture customers and conducting your normal credit and debit card business, you should be thinking about the big picture.

Join us to learn how to identify and control risks related to these retail payment systems and associated banking activities and what the new requirements really mean for your To Do List as the Risk Manager, Compliance Officer, IT Officer or Operations Manager. The session will:

• Identify the changes in technology that prompted the change in requirements
• Review guidance on The Check Clearing for the 21st Century Act of 2004
• Discuss examination procedures related to remote deposit capture
• Review expanded guidance on automated clearing house (ACH) risk and controls
• Outline merchant card processing changes
• Discuss several emerging payment technologies

BIO: Lauren Sparks

Lauren Sparks is a Certified Anti-Money Laundering Specialist (CAMS) and a Certified Regulatory Compliance Manager (CRCM) with over 26 years experience in banking, including 15 years in compliance and internal auditing. Lauren has extensive operations experience as well as expertise in policy and procedure development. She has been approved by the OCC to assist in BSA and compliance examinations of national banks.

Most recently, she served as National Director in Risk Management Services for Sheshunoff Consulting + Solutions where she provided risk management services, concentrating on special projects and high-risk engagements. She also holds an Accredited ACH Professional (AAP) designation, and has been a frequent writer and speaker for professional banking organizations and publications including the American Bankers Association and NACHA.

Continuing Professional Education Credit

Delivery Method: Group Internet-based       CPE Credits: 1
Program Level: Overview       Prerequisites: None       Advance Preparation: None

 

Sheshunoff Consulting + Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasbatools.com.

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