ACH and Wire Transfer Basics

On Demand Course

Instructor: Kelly Rozier

Duration: 1 HR

What You'll Learn

This live 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 live 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.

About the Author:

Kelly Rozier

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.

On-Demand Course