Session Description:

Financial institutions have been placed in the position to identify and prevent fraudulent consumer transactions for years and it’s not getting easier or less important! Considering Phase Two of the Micro-Entry Rule and the ACH Risk Management Framework on credit-push transactions, financial institutions have added pressure to monitor, identify, be alerted, and mitigate the risks associated with originated and received ACH transactions. When the data is in several different systems and platforms and manual efforts are the only choice, financial institutions face increased operational, compliance, strategic, liability, and systemic risks. This session will provide examples of “how” you can make data sense of the transaction data so you can fulfill the responsibilities to protect consumer liabilities and mitigate the risks of failure to fulfill those responsibilities.

 

Speaker(s):

Nanci McKenzie, Juris Masters Financial Regulation & Compliance, AAP, APRP, Executive Vice President, Compliance & Product Strategy, Affirmative Technologies

Nanci McKenzie is the Executive Vice President, Compliance & Product Strategy at Affirmative Technologies. Nanci has over 37-years’ experience in the financial industry including over 25 years in bank and credit union operations and audit, five years in financial technology and four years at the Payments Association, ePayResources. Nanci holds a Juris Master’s degree in Financial Regulation and Compliance from Florida State University College of Law and a B.S. degree in Business Information Management. Nanci is an Accredited ACH Professional (AAP) since 2004 and an Accredited Payments Risk Professional (APRP) since in 2018. Nanci is currently pursuing her Masters of Legal Studies at Drexel University Thomas R. Kline College of Law. 

 

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