Preparing for the Future of Same Day ACH


Presented by: Rayleen Pirnie and Genny Wenta

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While most in the industry consider Same-Day ACH a major win to move funds faster, there are a lot of things to consider to ensure your institution is not only processing ECH entries correctly, but is also prepared to minimize exposure to risk and losses. During this presentation, we will recap the impacts on the industry from Phase I. We will also explore the areas of increased risk that Same-Day ACH debits will present in Phase II. Two industry experts will provide sound risk management strategies from onboarding new customers who wish to use Same-Day ACH to managing overall risk exposure.

Attendees will develop an action item list during the webinar to ensure they properly address all of the considerations for Phase II.

Webinar agenda:
  • Review of Same-Day ACH implementation timeframes and stages
  • Update on Phase I - Credits
  • Preparing for Phase II - Debits (this is where we will spend the most time)
    • Risk and fraud potential
    • Anticipated challenges
    • Business Customers and Same Day ACH
      • Due Diligence
      • Customer selection
      • Monitoring usage
      • Risk management considerations
      • Critical contract provisions.
  • Important reminders for Phase III
About the Speakers: Rayleen Pirnie is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized speaker whose educational programs provide valuable, actionable strategies for financial institutions and businesses on topics ranging from payments risk management to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.

Rayleen has spoken at national and regional conferences for over 16 years. Recent events include NACHA's Payments Conference, the American Bankers Association Risk Management Forum, the Security Matters annual conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City's Risk Management Conference.

Always endeavoring to help organizations manage payments risk, Rayleen has supported many notable organizations over the years. She is currently member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA's Risk Management Advisory group for two terms, and assisted with FSISAC's first CAPP exercise, to name just a few.

Genny Wenta is the Vice President of Treasury Services with Citizens Union Bank, a Community Bank based in Shelbyville, KY. Genny's Treasury responsibilities consist of consulting, implementation, and training of services offered to assist clients in improving cash flow. She also oversees ACH and Remote Deposit renewals along with ensuring clients adhere to ACH audit requirements. Genny has nearly 22 years of experience in the banking industry and obtained her AAP in 2010. Genny's focus is on providing efficient cash management solutions to middle market companies and non-profits. Other skills include Sales, Presentations, and Public Speaking. She is a certified Intrusion Liaison Officer thru the Kentucky Fusion Center and a member of Kentucky Infraguard Chapter. She serves on the board at the Jeffersontown Chamber of Commerce and Bluegrass Center for Autism. She is also involved in the advisory group for Funds Express, the online banking area for First Data's product. Genny is married to David and has five children ranging from 18 to 5-year-old twins.

This program was recorded in its entirety in April 2017. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_samedayach0417
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Tuesday 14 February, 2017.

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