ACH expert Jennifer A. Miller will explain the most significant risks. You will learn how to undertake a risk assessment, identify specific concerns, and avoid questionable transactions.
Topics Covered
- What are the four main types of risk associated with ACH processing?
- What are the best strategies to mitigate risk?
- How can you identify specific transaction red flags?
- What are the best practices for an ACH risk assessment?
Training Overview
More ACH transactions will bring more risk in 2023. Discover strategies to mitigate problems.
With the dramatic increase in ACH transactions comes more risks. These electronic transfers are prone to fraud and error. Unique concerns apply to originating and receiving institutions and their clients/members.
You must understand the common risks and know how to mitigate them. By comprehending fraud opportunities and knowing the red flags, you can spot and stop potentially problematic transfers.
- What are the four main types of risk associated with ACH processing?
- What are the best strategies to mitigate risk?
- How can you identify specific transaction red flags?
- What are the best practices for an ACH risk assessment?
We are offering the ACH Bootcamp: A 5-Part Series here.
Who Should Attend?
- ACH operations staff
- Operations managers
- Operations training staff
- Backup operations staff
- Internal auditors
- Deposit compliance staff
- Professionals at financial institutions who interact with third-party senders
Expert Presenters
Kim Ellis
- Director of Education at UMACHA
- 17 years of banking experience, focusing on deposit operations and compliance management
- AAP
- Works with business customers in the community bank market
- Provides assistance and support for ACH and cash management services
Jennifer A. Miller
- 26+ years in banking
- 19 years in software product management, design, and consulting
- Senior Director of Services with UMACHA, managing the compliance and education areas of the Payments Association for audits, risk assessments, education, and training
- Responsible for establishing effective electronic payment audit services, creating and delivering training programs, and balancing regulation with managing market expectations in innovative ways
- Experienced Cash Management Professional
- Extensive United States Army leadership
- Intense knowledge of Agile, Stage Gate, and Contextual Inquiry Methodology
- Certifications: AAP, APRP, PMC
Eric Wester
- Associate Director of Education Services at UMACHA
- Over a decade of banking experience
- Former Operations Payment Managing Officer at a regional bank, overseeing all aspects of ACH processing, including oversight of the origination and receipt ACH functions.
- AAP
- APRP
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