Paper Checks, Remote Capture, ACH & Electronic Transfers: Who is Liable?

Remember the good old days when we simply dealt with paper checks?  It is much more difficult today with the many different types of electronic payments such as ACH, remote deposit capture, electronic fund transfers, electronic check conversion, imaged items, debit cards, etc.  Your bank’s liability varies depending on the type of transaction.  What if the transaction started as a paper check and was converted to an ACH debit?  Would the UCC, Regulation E, or NACHA rules apply?  Does the UCC or Regulation E apply to remote deposit capture?  This session will explain which laws apply and your bank’s liability under the various types of paper and electronic transactions.

Continuing Education: Attendance verification for CE credits provided upon request.

HIGHLIGHTS
•    Forged maker’s signature and forged endorsements
•    Counterfeit check verses altered check
•    Unauthorized ACH
•    Unauthorized debit card transactions
•    Unauthorized ATM withdrawals
•    Electronically-converted items
•    Fraudulent Internet transfers

WHO SHOULD ATTEND?
This informative session will be useful to deposit operations personnel and managers, tellers, customer service representatives, compliance personnel, fraud investigators, and auditors.

MEET THE PRESENTER
Elizabeth Fast, JD & CPA,
Bankers Choice