Check Electronification

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Monday, April 26

 

The Change from Paper to Electronic: Why the Delay? Let's Pick up the Pace

604

11:15 a.m. - 12:15 p.m.

Convincing your clients to change from Paper to Electronic can be a difficult undertaking. While the business of electronic payments is nothing new, the adoption across various channels continues to be a challenge. Certain segments are quicker to adopt while others are slower. Speakers in this session explore this conundrum at both the consumer and corporate level, as well as the Community and mid-sized FI level. Is adoption slowing down due to perceived regulatory concerns, perceived risk, perceived float, or simply the lack of understanding among the FI's and therefore their clients? Speakers help dispel the misconceptions around moving to an electronic payment operation, collection, and disbursement channel while explaining the real risks and regulatory issues.

Level: Intermediate

 

Al Griffin

Director, Cash Management, Fundtech Corporation

 

Sandra R. Jensen, AAP

AVP, Commercial Banking Services, Empire Bank

 

Wendy Wishon, AAP

Vice President, EPCOR

 

Maximizing Return on RDC at Every Point of Contact

613/614

1:30 p.m. - 2:30 p.m.

To optimize the organizational benefits of Remote Deposit Capture requires analysis of activity at every potential point of transaction capture. Modeling the mixed array of capture technologies employed at central sites, hubs & spokes, branches (including back-counter vs. teller capture), ATM, customers and lockbox, will enable your institution to pin-point the most profitable RDC deployment modes. But, this type of review isn't a one time event. Maximizing RDC profitability is an ongoing process as branch coverage, configuration, interest rates and customer requirements evolve. To ensure RDC profitability, the models must be re-run periodically to identify what elements should be updated to create the most profitable mix. Speakers in this session highlight the key components that must be included in RDC profitability modeling, and explore RDC techniques that reduce expense while growing deposits and revenue.

Level: Intermediate

 

Taylor Adkins

Director, IT, American Bank of Texas

 

Gary Brand

Director, Source Capture Optimization, Fiserv

 

SEC Code Risk Management: Frauds, Fallacies & Facts

611

4:30 p.m. - 5:30 p.m.

Many industry observers express concern about the risks that the newer SEC codes, particularly the eCheck codes, might bring to the ACH Network. Yet, the unauthorized return rates for POP, ARC and BOC plus their sister code WEB are lower than the rate for PPD debits. What then are the risk issues for the eCheck SEC Codes compared to other ACH debit transactions? In this session, you'll learn what's really going on in risk with the eCheck SEC codes compared to other debit transactions, where problems have really been revealed, where they haven't, and ten risk management steps you can take away to help prevent ACH fraud from reaching your own doorstep. New research findings from NACHA suggest that some worries about fraud may be misdirected. In these times of tight operating budgets and bottom-line pressures, it pays to hone in on the areas where fraud is more likely to quietly creep in.

Level: Intermediate

 

Nancy Grant, AAP

Senior Director, Research & Standards, NACHA - The Electronic Payments Association

 

Dennis Simmons, AAP

President & CEO, SWACHA - The Electronic Payments Resource

 

Samuel A. Vallandingham

Vice President & CIO, The First State Bank

 

Tuesday, April 27

 

Escaping Paper Processing & Going Global: Payments Lawyers Speak

618-620

10:00 a.m. - 11:15 a.m.

Check processing is going through a revolution driven by technical and operational change and by the globalization of commerce. Speakers in this session take a behind the scenes look at how payments lawyers help to shape the industry's efforts to transform the payments world through electronification, convergence, and globalization. The legal structures surrounding any type of payment are extensive and complex, and changes to those payments, whether large or small, necessitate close scrutiny of the underlying legal framework. Hear from a panel of four payments lawyers about the work they are doing within their respective organizations to get the rest of us out from under the burdens of processing paper checks. After leaving this session, attendees have a better understanding of recent and proposed rules changes from the Electronic Check Clearing House Organization (ECCHO), what NACHA is doing through its DCT, XCK and IAT initiatives, what the Fed is doing through updating its own services, hosting forums about the future of check law, along with expanding FedGlobal^SM Services and participating in the IPF initiative, and the efforts of private lawyers around RDC agreements and building the IPF. There won't be many opportunities to hear four payments lawyers in the same room, so don't miss this session.

Level: Advanced

 

Thomas Fox

Partner, Schwartz & Ballen

 

Richard M. Fraher

Assistant General Counsel, Federal Reserve Bank of Atlanta

 

Jane Larimer

EVP, ACH Network Administration, General Counsel, NACHA - The Electronic Payments Association

 

Hope Schall

Associate, Vedder Price

 

Handling Day 2 Exceptions for Image Exchange

609

1:30 p.m. - 2:30 p.m.

Check image exchange has become one of the most rapidly adopted processes in the financial industry. With nearly 60 million items being presented daily as images, there are bound to be exceptions. The speaker reviews the most common questions about image returns and adjustments. Steps that your institution must follow to ensure compliance with the proper handling requirements for expedited re-credit and breach of warranty claims and the potential risks associated with the exchange of substitute checks and images are also presented.

Level: Intermediate

 

Angela Smith, AAP

Senior Manager, Education Services, Viewpointe CS & Association Services

 

Do We Need Check Law After Checks?

618-620

1:30 p.m. - 2:30 p.m.

Speakers in this session take a look into the future of the payments industry and the possibility of life for check law after the end of paper check exchanges. Traditional paper check deposits and exchanges are transitioning rapidly to remote deposit capture and interbank image exchange. As a result, what is the ongoing role of check law in the future? With the existence of ECCHO Rules and electronic payments rules and regulations is there still room for check law? Could the industry use the existing check processing infrastructure and laws/rules for electronic items that were never paper checks? How do protections for check images and electronic checks compare to protections for paper checks? Speakers debate the pros and cons of both check law and electronic payments law and how the check world may react should paper check deposit and processing disappear.

Level: Advanced

 

Thomas Fox

Partner, Schwartz & Ballen

 

Oliver I. Ireland

Partner, Morrison & Foerster, LLP

 

Merchant RDC: Capturing the Risks & Getting with the Program

606

3:15 p.m. - 4:15 p.m.

Auditors and examiners have had over a year of experience using the FFIEC Guidance to perform remote deposit capture audits and examinations of banks. Banks have begun to get their program in line with their other payments offerings and in accordance with the published guidance - but what are the most common findings and challenges still facing financial institutions today? Learn from an examiner from the Federal Reserve Bank and an auditor of RDC merchant capture as they discuss the differences in audits pre-and-post guidance; the greatest remaining challenges and how financial institutions are overcoming them; and what procedures and actions financial institutions use to ensure they avoid losses and have a successful RDC audit.

Level: Intermediate

 

Tony DaSilva, AAP, CISA

Bank Examiner, Federal Reserve Bank of Atlanta

 

Terri Pelle Sands, AAP

Managing Director, Payments Information Circle

 

RCC or ACH? To Image or Electronify...That is the Question

609

3:15 p.m. - 4:15 p.m.

Speakers in this session review the operational, risk and legal issues associated with Remotely Created Checks (Demand Drafts) in comparison to origination of ACH debits for preauthorized recurring payments. What is the optimum choice for both banks and businesses? When weighing the risks associated with both payment methods along with the costs for equipment and training how do you decide whether to use one or the other, or both?

Level: Intermediate

 

Gail Susan Ball, AAP, CTP

SVP, Treasury, NCO Financial Systems, Inc.

 

Howard Forman, AAP

Senior Vice President, Wells Fargo

 

Wednesday, April 28

 

Earning Your Ph.D. in RDC

609

8:30 a.m. - 9:30 a.m.

Spend some time with a $2.7 billion, multi-unit business that has been depositing all checks via remote deposit capture (RDC) since October 2008. Indiana University installed 100 scanners, and trained nearly 300 users in ten months across eight cities without adding to staffing or increasing travel. Learn about the key components of their RFP and how they implemented the system, and how using RDC reduced deposit float, streamlined check processing operations, improved interest income, and paid for itself in the first year. How can other areas of the university, including athletic departments and retail outlets benefit from RDC?

Level: Intermediate

 

Ruth A. Harpool, AAP, CTP

Associate Director, Treasury Operation, Indiana University

 

On the Phone & At Home: Consumer Deposit Capture

609

9:45 a.m. - 10:45 a.m.

The consumer deposit capture stories are like so many in retail payments. Consumer buy-in pivots on the question of acceptance of the technology. Are scanners on the desktop and mobile phones in the pocket enough to convince the consumer to embrace the future of remote deposit capture? The tools are already familiar, so what will determine if banks succeed in rolling out successful consumer deposit capture programs? How will consumer deposit capture technology be leveraged to attract small business adoption? Speakers provide a case study of the consumer capture experience, with emphasis on the wins and opportunities.

Level: Intermediate

 

Jim Debello

CEO, Mitek Systems, Inc.

 

John Leekley

Founder & CEO, RemoteDepositCapture.com

 

Rod Springhetti

VP, Business Planning, Global Payment Solutions, Fiserv

 

RDC for Small Businesses...The Good, The Bad & The Ugly

612

11:00 a.m. - 12:00 p.m.

Small businesses have unique value propositions that pose some challenges for standard remote deposit capture solutions - including the need for integration with accounting software, front-end authorizations and returns handling. Presenters share the findings of an Aite Group survey of approximately 300 small-business owners revealing what factors would drive them to use RDC and which marketing tactics are the most effective. Speakers also provide different examples of remote deposit capture solutions offered today to small businesses.

Level: Intermediate

 

Tami Barron

Product Manager, Intuit

 

Christine Barry

Research Director, Aite Group