ACH & P2P Payments: Perils & Protections

Compliance Frontline & New Accounts Information Technology Marketing Operations Security & Fraud

On-Demand Webinar:

StreamedSep 5, 2023Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

P2P payments can be perilous and perplexing.

This webinar will address a host of P2P issues, including ACH rules for P2P entries, unique ACH format requirements, risk management, errors and unauthorized transactions, and more! Join us to learn how to avoid problems and losses for your credit union.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

List the different types of P2P payment options
Explain the rules that govern P2P payments
Understand what is and is not an error
Describe your role in the error resolution process
Ensure compliance with the rules and regulations

This course is eligible for 1.8 AAP/APRP credits.

WEBINAR DETAILS

P2P or person-to-person payments are some of the riskiest transactions a financial institution can initiate. As a result, the most common questions Macha receives regarding consumer P2P transfers via the ACH Network have to do with fixing something that went wrong. These problems include fraud, incorrect account numbers, and buyer’s remorse – any of which can result in financial losses for your institution. Don’t miss this chance to learn about the unique features of ACH P2P transfers and what you can do to protect your financial institution from losses.

WHO SHOULD ATTEND?

This informative session is ideal for ACH operations personnel, audit and compliance staff, and AAP/APRP candidates.

TAKE-AWAY TOOLKIT

Link to the CFPB FAQs document
Electronic copy of Macha’s quick reference guide to initiating ACH transfers
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.