This webinar is provided as a benefit of your Wespay membership. The quarterly member update includes the latest news and information in the payments industry with a focus on regulations.
The ACH Impact of CFPB’s Section 1033 on Financial Institutions
Speaker: Mark Dixon, AAP, APRP, CTP, NCP
On October 22, 2024, the CFPB released a final rule regarding personal financial data rights. In response to this new rule, Nacha released the ACH Operations Bulletin #3-2024-Opening Banking and ACH Payments. In this session, Mark Dixon, Senior Consultant for Nacha Consulting dives into 1033 demystifying the intent and provisions of the new rule. In addition, he will review the Nacha Operations Bulletin providing insights into the meaning behind network participant impact for authorizations, payments, open banking considerations, data protection and retention, and risk management. Come join Mark as he discusses the ACH participant impact of the CFPB’s Section 1033 on personal financial data rights.
Check Fraud Solutions for Financial Institutions
Speaker: James Bi, Marketing Manager & Fraud Detection Specialist, OrboGraph
Explore the rising threat of check fraud and how it impacts businesses and financial institutions. Learn about advanced tools like AI-powered detection, imaging technology, and activity monitoring systems designed to identify and prevent fraudulent checks. Gain valuable insights to protect your organization and stay ahead of evolving fraud tactics.