Upcoming Webinars
Members and nonmembers are invited to register for all of our upcoming webinars.
Upcoming Webinars
Members and nonmembers are invited to register for all of our upcoming webinars.
July 12, 2023 | 2:00 pm
Check Liability
$225.00
Every financial institution takes on risk when processing and paying checks. But who assumes the liability? Every operation must follow rules and regulations to remain in compliance, and checks are no different. This session will cover where to find warranties and indemnities and what your financial institution’s obligations are when those warranties are breached.
Do you understand the fundamentals of check fraud? When a loss does occur, do you understand how the law allocates the loss? Knowing just how your check is exchanged, will define exactly which rules are to be followed and the obligations of each party involved in the exchange of check and check images. We will take a look at common breach of warranty scenarios and follow how these claims are resolved.
If you’re confused about what your legal responsibility might be in various check fraud situations, this webinar is for you.
What You’ll Learn:
- Liability for counterfeit, forged and altered checks under the Uniform Commercial Code, Regulation CC, and other federal regulations
- How your check is exchanged, defines exactly which rules are to be followed and the obligations of each party involved in the exchange of check and check images
- How ECCHO’s Rule 9 shifts liability
- Defenses to claims of customers and other financial institutions
PRESENTER: DEIRDRE, THE CLEARING HOUSE PAYMENTS AUTHORITY
Deirdre, a Payments Training Specialist with The Clearing House Payments Authority (TCHPA), is charged with the responsibility of developing and delivering payments-related education. Deirdre has years of payments industry experience and expertise and is instrumental in helping the team plan, develop and deliver workshops and webinars to meet the needs of our members. Deirdre has a love for training and a passion for helping others to achieve optimal job performance. Her training career began as a member of CIGNA Corporation’s T&SD (Training & Strategic Development). Transitioning from healthcare to Payments, Deirdre used her business experiences in banking to achieve an optimum understanding of the financial industry. Deirdre returned to teaching upon joining ePayResources, where she administered accreditation programs, drafted and created procedures, while developing and delivering training presentations.
Deirdre is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), and a National Check Professional (NCP). Her primary goal is to deliver training in a way that excites and motivates members.
MODERATOR: Gary Iorfido and Jim Nemecek, Compliance Anchor Directors
WHO SHOULD ATTEND: Fraud Managers, Branch personnel, Compliance/BSA personnel, Risk Managers, and Deposit Operations personnel.
PAYMENT: Free to CA members, $225 to non-members