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Lessons Learned: Ensuring the Fast, Accurate, and Safe Delivery of COVID-19 Economic Impact Payments

Overview

Date 11:00 AM - 12:00 PM (1 hour)
Monday, August 23
Track
Faster Payments Experience
Event
Remote Connect

This session will go behind the scenes of the effort to get money into the hands of Americans as quickly and accurately as possible during their time of need, while preventing fraudsters from siphoning off billions of dollars in relief. Speakers will provide a look at the cross-industry initiative to screen relief payments rapidly for fraud and duplicates, as well as other efforts to support customers by extending electronic check deposits, increases in digital payment send limits, and more. With many financial institutions and corporate entities on their own missions to improve payments efficiency while fighting fraud, this session shares lessons learned and key takeaways to find efficiencies while also managing risk.

Questions answered during this session:

1. What best practices can be learned from the distribution of Coronavirus relief economic impact checks? 
2. What methods can be employed to expedite the distribution of funds while also managing fraud risk?

Speakers:

T
Tom Wells
SVP, Chief Risk Officer - Digital, Innovation & Open Banking
U.S. Bank