Event Calendar

REGISTRATION

BREAK SPONSORED BY FISC

OPENING GENERAL SESSION: 
Payments Convergence and the Benefits of Least Cost Routing: Image Exchange vs. ACH
Thomas Kettell, Stategic Business Manager - Emerging Markets, Epson America Inc. 

This session will explore the question of how financial institutions and corporations can take advantage of the inevitable convergence of check payments. With a multitude of electronic clearing opportunities available (ACH, Check 21, Image Exchange), see how a comprehensive least-cost routing program will benefit the financial institution and the corporate customer. The session will illustrate how you can maximize efficiency from electronic payments, and how to go about implementing this comprehensive payment offering.

Breakfast sponsored by The Federal Reserve Bank of Boston. 
          

BREAK SPONSORED BY FISC

What the ACH Rules Really Mean
Fred Laing, II, AAP, CCM, President, Upper Midwest ACH Association 

With the growing complexity of the NACHA Rules, interpretation of them becomes more of a challenge. This session takes the plunge into some interesting application-based Rules interpretation issues. Does a Rules violation automatically trigger liability?  Are third-party funds transfer agents operating within the Rules, or in violation of them? How does the Rules interpretation process work? What can you alter by agreement within the Rules? This session will explore these and other timely issue to help you avoid risk and improve compliance. 

ACH Origination Agreements: The Building Block to be a Successful ODFI
Joseph Casali, AAP, Senior Director Operations and Technology, NEACH
James B. Rusiecki, Jr., CTP, VP Corporate Services, Union Savings Bank 

This session will show how proper ACH agreements can help grow your business and reduce your risk as an ODFI. Speakers will give an overview of the required agreements to fulfill your obligations as an ODFI. Important issues that should be included in these required agreements, including record retention, processing schedules, exposure limits and exception item processing will be discussed.  Beginning in June, NACHA rule changes will require additional information to be addressed in these agreements. 
    

         
Risk Management Case Studies
(Repeated on Wednesday at 11:45am)
Panel of Judges

This session is another ACH Super Days favorite! Join your peers in solving a risk management puzzle where industry expert judges will decide who wins. This highly interactive session provides opportunities to learn, have fun, and meet your fellow payments professionals from New England. 

BREAK SPONSORED BY FISC

LUNCH

           
Compliance Case Studies
(Repeated on Wednesday at 10:30am)
Panel of Judges 

Join your peers in solving the compliance puzzle that is the ACH Network. Case studies will focus on complying not only with the ACH rules but any and all federal and state regulations that also apply to ACH and check transactions.  Participants will be broken out into teams and will complete case studies that will be judged by industry experts.

Alphabet Soup of Payment Regulations
Rhonda Whitley, Esq., Law Office of Rhonda Thomas Whitley, PLLC 

Each ACH payment is covered by a myriad of rules that support the legal frame work under which the payment may be handled. Attendees will gain insight on the various rules and regulations that apply to both the origination and receipt of ACH payments. From Regulation CC to Regulation E, from Regulation D to Uniform Commercial Code Article 4A and every rule in-between, this session will help you decipher the alphabet soup of payments rules and regulations. Attendees will also learn how and when to apply these various rules and regulations.

BREAK SPONSORED BY FISC

IT Assessment Fundamentals
Brian Terry, Senior Director, Payments Services, NEACH 

FFIEC guidance requires all financial institutions to conduct a risk assessment as part of their information security program. Many people find this to be a daunting task and become overwhelmed with the seemingly complex requirements of the FFIEC examination manual. This session is designed to help get you started on a sustainable process of evaluating and managing information technology risks by breaking down the terminology of risk assessment into a business oriented approach which you can integrate into your ongoing operations. 
         

IAT- A Look Back at Implementation and Where IAT Stands Now
Representative from the Federal Reserve Retail Payments Office 

September 18, 2009 is finally behind us. How has the implementation of the new International ACH Transaction really shaken out? How many items are flowing through the system? How is it impacting every day operations? Now that all the planning and preparations are over, what are some of the concerns being heard in the industry today?

Secure Vault Payments – Opportunities and Requirements
Breffni McGuire, Senior Director, Payments Strategy, NEACH
Ken Myles, SVP, NACHA Secure Vault Payments

What is Secure Vault Payments? What are the opportunities for financial institutions?  How can an institution get started? These are the major questions to be answered in this session. In tough economic times, SVP gives RDFIs and ODFIs the potential to serve customers better and to garner new revenues. Learn more about target markets and who has skin in this alternative payments game. 

NETWORKING BREAKFAST

GENERAL SESSION WITH NACHA: 
What's Up for the ACH Rules Post Simplification?
Debbie Barr, AAP, CTP, Senior Director of Network Rules, NACHA

Now that Rules Simplification has been commented on and balloted what is next for the ACH Rules? NACHA staff will go over the 2010 Rules Plan of Work. Issues ranging from extended return timeframes to mobile payments and improvements to the check conversion process are in the works. Hear what NACHA’s plans are for the network as well as information on direct access registration requirements.

Cybercrime Risks and Controls
Devon Marsh, SVP, Treasury Mangement, Wells Fargo Bank, N.A. 

This session will address the risk management issues that arise from cybercrimes involving keylogging and phishing. As instances of this type of fraud increase, financial institutions and companies engaged in electronic commerce must respond to the threat with an integrated mix of awareness, prevention, appropriate reactions. The speaker will describe the current risk environment, review effective ways to mitigate the risks, and discuss how this threat influences the way we think about risks and controls. A case study will illustrate some of the key points, followed by time for questions and answers.
          

RMAG-Update
Steve Whitney, Senior Vice President, Norway Savings Bank 

During this session you will receive an update on the inner workings of NACHA’s Risk Management Advisory Group.  This session will review the accomplishments of the group as well as insight into future initiatives that will help strengthen the ACH network. 

  
Compliance Case Studies
(Repeat)
Panel of Judges 

Join your peers in solving the compliance puzzle that is the ACH Network. Case studies will focus on complying not only with the ACH rules but any and all federal and state regulations that also apply to ACH and check transactions.  Participants will be broken out into teams and will complete case studies that will be judged by industry experts.

BREAK

ACH Rules and Regulation E: Are There Issues that Still Need to be Addressed?
Sean Carter, AAP, Senior Director of Education and Rules Development, NEACH 

Over the last couple of years the NACHA rules have been revised to include major changes to the stop payment process in order to be more aligned with Regulation E. Attendees in this session will get a review of the 2007 Staff Interpretation changes to Regulation E along with a current check list of what NACHA rules have changed.  We will also look at the outstanding issues that still remain including similarly authenticated standards and notice requirements for service fees related to bad checks. 
         

Government Payments - The Greenbook and the Impact on Operations
Luann S. Kohlmann, AAP, Director of Education & Auditor, WACHA 

If an accountholder dies, how should you handle incoming ACH entries? This session is designed to provide a better understanding of commercial debit entries, government payments and both corporate and government reclamations.

   
Risk Management Case Studies
(Repeat)
Panel of Judges 

This session is another ACH Super Days favorite! Join your peers in solving a risk management puzzle where industry expert judges will decide who wins. This highly interactive session provides opportunities to learn, have fun, and meet your fellow payments professionals from New England.

CLOSING LUNCHEON PANEL:
Impact of New Stop Payment Requirements and Changes to the Adjustment Process
RDFIs-TBD
Originator-TBD
Moderator-TBD
Auditor-NEACH Staff

This panel is made up of NEACH members that will take a look at the impact of the new rules related to adjustment entries and stop payments that go into effect in March. The panel will address system and procedure issues related to compliance within these new requirements.  The NEACH auditor will discuss the changes to the audit requirements effected by the new rules and the panel will take your questions.