Friday, September 16, 2011
Time: 9:00am – 4:15pm AZ/PT
Location: Arizona Biltmore, 2400 East Missouri Avenue, Phoenix AZ 85016
Length: 6 hours
Description: You are invited to attend Balancing Innovation with Regulation, a Viewpointe Third-Party Sender Roundtable leadership initiative. This one-day meeting brings together Third-Party Senders, ODFIs, regulatory examiners, Bank Secrecy Act/Anti-Money Laundering (BSA/AML) auditors and NACHA to dialogue on how to balance innovation with regulation and risk management.
NACHA's Role - Balancing Innovation and Risk Management
Presented by Jane Larimer, general counsel with NACHA - The Electronic Payments Association
Kick off the day as Jane Larimer walks us through growth and innovation in the payments industry. She will provide NACHA's perspective on balancing growth with a focus on regulation and risk management. You won't want to miss this session on closing the gap between innovation and risk management.
The Compliance Puzzle - Putting the Pieces Together
John Hughes, Teledraft
Tony DaSilva, Federal Reserve Bank of Atlanta
Jane Larimer, NACHA - the Electronic Payments Association
Dennis Feterl, First Premier Bank
Weave through the maze of rules, regulation, audits and examination as we bring together NACHA, a bank regulator, an ODFI and a Third-Party Sender. This group will examine the ACH rules and regulatory environment and discuss how various parties can work together to mitigate risk and strive for regulatory soundness. You will hear from a Third-Party Sender and an ODFI who, based on experience and lessons learned, have developed procedures for entering into sound and compliant TPS/ODFI relationships. You will also hear from a bank examiner and Third-Party Sender about the importance of policies and procedures that support ACH rules compliance and how these aid the ODFI in meeting their compliance and risk management objectives. Lastly, NACHA will explain how compliance with rules and regulation can support innovation by ensuring that the ACH network remains sound and effective.
Challenges and Discussion - Standards for Recognizing Responsible Third-Party Senders
Facilitators for this session are:
Rick Scholz, CoBank
Dan Miner, 3Delta Systems
Scott Haskins, T Tech, LLC
Marsha Jones, AAP, Viewpointe
Raise the bar! For the past year, Viewpointe's roundtable participants have been working to identify best practices that all Third-Party Senders should follow. These include underwriting standards, BSA/AML policies and procedures, risk assessments, rules compliance audits, staff and Originator training, and more. In this session we will work to define the practices we deem essential. We will also discuss opportunities for certifying that these practices are being performed, providing ODFIs with an additional tool to assess and manage their risks related to third-party relationships.
An Examiner's Perspective - Common Findings and Concerns
Presented by Susan Orr, Susan Orr Consulting
Join us for this lively discussion with a former FDIC examiner as we explore the findings and concerns of regulatory agencies as they relate to ODFIs and Third-Party Sender relationships. Look beneath the surface to identify common pitfalls that cause extreme actions to be taken by regulators, thereby forcing financial institutions to walk away from these relationships. We will also explore the concerns behind these actions and what the regulators are seeking to prevent. We will wrap up by looking at ways to establish mutually rewarding and sound relationships that can withstand the scrutiny of the regulators.
Do You Really Know Your Customers?
Susan Orr, Susan Orr Consulting
Marsha Jones, AAP, Viewpointe
How well do you really “know your customers?” Getting to know a customer can be similar to real life dating. What are the important things to know about a potential partner? Can they manage their money (credit underwriting)? What are their habits (policies and procedures)? Do they have any secrets that can hurt your business (background checks)? Who do they do hang out with (who are their customers)? How can you ensure that what you see online is indeed what you get (authentication)? Join as we navigate the courtship of the Third-Party Sender and financial institution and the Third-Party Sender and Originator relationships. This fun and interactive session will provide the opportunity to explore important aspects of really knowing your customers.
Viewpointe's Corporate Originator Tools
Presented by Marsha Jones, AAP, Product Manager, Viewpointe
Risk begins with origination, yet Originators generally have limited access to the tools that can help them understand their roles and responsibilities in the ACH Network. As ODFIs and Third-Party Senders, we tend to provide Originators a rule book with the expectation that they will be able to decipher the rules that apply to them. Viewpointe has designed tools specifically for corporate Originators to help them be in compliance with the ACH rules. These tools have removed "bank-speak" and instead provide easy-to-understand methods of training and assessing compliance with the ACH Rules. Participate in this final session to discover how easy it can be to help your Originators not only become educated, but to take steps to comply with the rules and regulations of the electronic payments network.
Don’t miss out on this exciting opportunity to learn and share best practices on how innovation can take place in a regulated environment. Register now and save!
Renewal Credits: 6.9 AAP Continuing Education credits
Who Should Attend: Viewpointe invites ODFIs and Third-Party Senders from management, operations, sales, risk management and compliance areas to attend.
Pricing: $225 (Member) / $450 (Non-Member). Register three or more individuals and the cost is $200 (Member) / $400 (Non-Member).
Accommodations: Call the Arizona Biltmore at (800) 445-8667.
For additional information: contact Member Services at email@example.com.
Register two or more people from your organization by using this special form.
Register a single person by selecting the "Register" link at the bottom of the page.