Continuing IT Training Program
ACH and Payment Systems Risk (102)
This course will provide a basic understanding of the major payment channels and risk profiles for each one. These channels include check payments (i.e. Check 21), ACH, wire transfers, and card payments. Participants will become familiar with the issues, challenges, and strategies for utilizing the payment channels and compliance with ACH-related rules & regulations. This course will also assist examiners to understand the connection between the individual payment mechanisms and current exam protocols and FDIC guidance. Upon completion of this course, attendees will have a stronger knowledge of payment systems risk.
Key ObjectivesUpon completion of this course, participants will be able to:
- Identify the transactional flow for check, ACH, wire, and card payments;
- Identify credit, operational, fraud, and systemic risk issues;
- Assess risk exposure to a financial institution; and
- Assess compliance with ACH rules and other regulations.
Instructional FormatFacilitated classroom discussion and lectures.
DurationThree and one-half days.
Newly commissioned Risk Management Examiners who may perform IT examinations, payment system risk reviews, or fraud and AML reviews. This course is open to appropriate staff of the FDIC and partner government regulatory agencies.
This course is not open to the public or staff of private banks.
Participant should have attended ITEC.
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