ACH and Wire Transfer Basics
About This Course
This webinar is an introduction to ACH and Wire Transfer and is designed to provide attendees with a solid foundation for understanding how these payment systems operate. Attendees will learn about participants and flow, rules and regulations that govern ACH and wires, domestic and international ACH and wire transfers, the exchange of funds between the originating and receiving institution, mandatory format, exceptions that occur both on the originating and receiving side of ACH and wire transfers. This webinar will also provide an overview of the most common audit findings and fraud trends in each of these payment systems.
Topics covered in this session
- Learn the fundamentals of the ACH and Wire Transfer Payments Systems
- Learn the flow of funds for each system
- Understand the common exceptions in these payment systems
- Learn the most common fraud trends in these payments systems
- Understand the most common audit findings in ACH and Wire Transfer Programs
Who Should Attend?
- Account Officers/Lending Officers/Relationship Managers
- ACH Originators
- ACH Third-Party Senders
- BSA Officers and Support Teams
- Branch Managers
- Call Center Teams
- Compliance Teams
- Deposit Operation Teams
- Fraud Management Teams
- Front-Line Teams (Customer/Member Service Representatives)
- Internal Auditors
- Information Security Officers
- Risk Management
- Senior Management/Executive Management
- Treasury Sales and Operations
*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Your Instructor
Kelly Rozier has extensive banking experience; specializing is Electronic Payments and fraud.
Ms. Rozier advises both financial institutions and their service providers on payments audits, process improvement, and risk management. She provides expertise in ACH, Wire Transfer, Remote Deposit Capture (RDC), and other payment systems, including audits of third-party senders and service providers. She works closely with banking professionals, , risk managers, compliance officers, and operations teams in the context of payments compliance, process optimization, financial risk management, and regulatory education. Additionally, Kelly collaborates with the Simplify Risk–Secura membership program to deliver education and resources tailored to banks, fintech companies and credit unions
Prior to joining Stout, Kelly was responsible for the payment’s governance including treasury services and oversight for an $18 billion in assets financial institution. Kelly has a significant amount of experience working on the financial institution side and working with all the major core providers on electronic payments needs based on external fraud threats, network and regulatory requirements. Kelly also has ten years of experience working directly with the BSA/AML and fraud areas specific to electronic payments fraud and incident response.
This course is covered under team memberships.
See Team Memberships