ComplianceOnline

B2B Payments in the U.S. and the Compliance Issues They Face

Instructor: Ray Graber
Product ID: 704078
Training Level: Intermediate
  • Duration: 60 Min

recorded version

$149.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

$299.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-963-2556

Email: customercare@complianceonline.com

Read Frequently Asked Questions

This training program will offer attendees a greater understanding of payment types that are declining and those that are growing: ACH, CHIPS, and Fedwire. Plans and polices to combat payment theft and related fraud will also be detailed in the webinar.

"B2B Payments in the U.S. and the Compliance Issues They Face" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.2 CPE credit up on full completion of the course.

Why Should You Attend:

The B2B payments industry in the US is struggling with an identity crisis. Regulatory authorities are demanding that the payments industry tighten their reins on the adherence to regulations and compliance mandates; technology is enabling payments providers, banks, and networks to venture further into new frontiers; practitioners are worried about security; and infrastructures are getting old and in need of repair or replacement.

The task of replacing these systems is so daunting; no wonder no one wants to launch a project to overhaul the enterprise payments network within the business or within the banks. The yearly payment volumes – B2B only - of processors such as CHIPS, Fedwire, SWIFT, and ACH are growing steadily, while checks are declining at a small single-digit rate.

The task of replacing these systems is so daunting; no wonder no one wants to launch a project to overhaul the enterprise payments network within the business or within the banks. The yearly payment volumes – B2B only - of processors such as CHIPS, Fedwire, SWIFT, and ACH are growing steadily, while checks are declining at a small single-digit rate.

In the course of this training program, attendees will participate in informative discussions on the above and learn key aspects of the role and key players involved B2B payments.

Areas Covered in the Webinar:

  • Payment types that are declining and those that are growing: ACH, CHIPS, and Fedwire
  • B2B check fraud and controls to put in place
  • Key aspects of the role and key players involved B2B payments
  • Regulatory agencies and their roles
  • Role of the compliance officer
  • Movement from paper to electronic and the issues that arise
  • Non-bank payment channels
  • Plans and polices to combat payment theft and related fraud
  • Red flags to watch for and prevention methods
  • Best practices for GRC

Who Will Benefit:

  • Payments Professionals
  • Bank Compliance Officer
  • Cash Management Professionals
  • Risk/Compliance Officer
  • Deposit Operations Managers
  • Corporate finance Officers
  • Regulatory Compliance Associates and Managers

Instructor Profile:

Ray Graber has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research and consulting at TowerGroup, best practices internet security, policies, and procedures at FleetBoston Financial, wire transfer operations and product launches at Citibank and BankBoston, and treasury operations for a $325 million public company.

Currently the president of Graber Associates LLC, Mr. Graber was previously an adjunct professor at the Carroll School of Management at Boston College where he taught three graduate-level courses: E-Banking, the MBA Leadership Workshop, and Corporate Finance. Previously, he taught Financial Management of Commercial Banks in the Boston College Carroll School of Management, and Masters of Finance Program and Working Capital Management and Cash Management at the Bentley College Graduate Business Program.

Mr. Graber holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and MIS, both from Boston College.

Topic Background:

The role of the compliance officer is changing because banks are struggling to serve many masters; some with like goals and others with contradictory ones. Regulators, corporate clients, board of directors, and shareholders are pulling in their own directions. Fraud in some payment types are declining while others are picking up that slack. ACH, CHIPS, and Fedwire payments are taking the place of B2B checks but there exists compliance and fraud issues in all of them. Businesses of all sizes are trying to send payments in the most cost-effective way and not necessarily through the bank- established channels. Corporate financial professionals want a conversion from paper to electronic payments, but only if they can get the payment information with the money transfer.

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.


Field of Study Minutes CPE
Auditing 25 0.5
Business Management & Organization 15 0.3
Finance 20 0.4
Total Duration - 60 Min Total Credits - 1.2

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