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Payments Education

Online Account Opening and Consumers as Originators

Type: Webinar
Duration: 30 Minutes
Date & Time:

Member Fee: $0
Non-Member Fee: $279
Audience: ACH Personnel, AAPs, AAP Candidates, APRPs, APRP Candidates, Compliance, General ACH, Payments Strategists, Risk Managers

 

As financial Institutions (FIs) grow their product and service offerings to meet the needs of their account holders, they must also consider the related risks and potential for fraud.  Knowing your customer and assessing their risk profile is important for consumers and companies alike.  When your consumer account holder is allowed to open a new account online and/or send ACH transactions to an account at another FI, they are acting as an ACH Originator.   We’ll address common ODFI oversights and best practices for loss prevention and risk mitigation when the consumer becomes the Originator.  

 

Discounted rates will appear when signed in as a TCHPA FI Member or Corporate Subscriber.