RDC, ACH and Electronic Banking Risk Management


Presented by: Paul Carrubba and Dan Fisher

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In February the FFIEC published the long awaited update to Retails Payments Examination Handbook with new sections devoted to Check-21 and Remote Deposit Capture. In May, the FFIEC published the updated BSA/AML examination manual with an increased emphasis in higher risk activities regarding Electronic Banking, Remote Deposit Capture, ACH transactions and establishing banking relationships without face-to-face contact.

The central theme from the FFIEC is the Changing Risk Model and the expectation is clear; if your risk profile has changed, meaning your institution has implemented a number of electronic initiatives that extend beyond traditional banking borders; your organization should have made already the appropriate changes. These changes should reflect your knowledge and understanding of the increased risk and how the organization is monitoring and managing a rapidly changing risk model.

This program will provide the participant with a better understanding of the FFIEC BSA/AML examination manual and the Retail Payments exam handbook as they pertain to ACH, Electronic Banking, and RDC based technologies.


Upon completion of the program, participants will understand:
  • The new doctrine included in the FFEIC guidance press release titled: The Essential Elements of Risk
  • What the new examination expectations are in regard to Check 21 and RDC
  • What specific components of BSA/AML compliance affect Electronic Banking, ACH and RDC based technologies
  • What specific components a comprehensive RDC Risk Management policy should include
  • What higher risk activities are
  • What constitutes a robust monitoring and compliance program
  • How electronic banking simplifies processing customer transactions, but also complicates banking.
  • That RDC is a technology not a product
  • How to use the FFIEC Guidance to design an effective internal audit program.
Who should attend?
The Guidance impacts the entire organization from the board room to bank operations. The lines that separate the board, senior management, and technology, and risk management are blurring. The expectations of senior managers, banking executives and the board of directors as it relates to understanding the risks associated with technology before you purchase technology has increased significantly by virtue of this guidance. Recommended attendees include CEO, CFO. CIO, internal audit, compliance and senior operations professionals. Vendors that provide this technology as a service should also attend.

About the Speakers: Paul Carrubba is an attorney with the law firm of Adams and Reese LLP. His primary focus is on Banking Law and legal issues dealing with payment system fraud. He is a member of the faculty of the Alabama School of Banking and the BAI's Graduate School of Bank Operations and Technology. Mr. Carrubba is the author of five books including: Revised UCC Article 3 and 4, A Banker's Guide to Checks and Principles of Banking.

Dan Fisher is President and CEO of The Copper River Group offers consulting and research services to the financial industry with an emphasis on payments systems, information and technology strategies for independent community banking organizations.

Dan has been in technology and banking for over 30 years. He has been a director of the Federal Reserve Bank of Minneapolis, Chairman of the ABA Payments Committee, a member of the ICBA Payments Committee and participated in the industry effort with the Federal Reserve that ultimately succeeded in the passage and implementation of the Check-21 legislation.

He has authored or co-authored six books and has written numerous articles and white papers on technology, operations and the payments system. His most recent book titled, Capturing Your Customer, focused solely on Remote Deposit Capture.

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CD-ROM includes:
  • Complete presentation (including slides and audio)
  • Written Materials
  • Follow-up Q & A
You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

This program was recorded in its entirety in November 2010. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_rdc1110
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Wednesday 29 September, 2010.

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