Payment Processor Relationships - Revised Guidance


Presented by: Paul Carrubba and Dan Fisher

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The FDIC has just issued a Financial Institution Letter (FIL-3-2012) on "Payment Processor Relationships - Revised Guidance." The letter instructs FDIC-supervised financial institutions of all sizes to exercise additional care when establishing relationships with vendors that offer payment processing.

The question is; are community banks being targeted by fraudsters when it comes to payment technology?

The answer is that technology adds to complexity of relationships and can be exploited by fraudsters if the appropriate level of due diligence and care is not applied by financial institutions. Community financial institutions can find understanding and managing risk a daunting task and fraudsters know this.

The objective of this webinar is to provide the participant with a comprehensive review of the all technology-related guidance recently issued, and to discuss the regulatory trends and the components of a vendor outsourcing agreement. Paul and Dan will review FDIC, FRB, OCC and FFIEC guidance in the areas of ACH, RDC, Internet banking and payment processing.

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 April 2012. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_processor0412
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Thursday 09 February, 2012.

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