ECIs: Quacks like a Duck but Not a Check
May 11, 2021 | 10:00 am ET
An Electronically Created Item (ECI) may look like an Electronic Check but is a check imposter based on current regulations. So what are ECIs? Learn the Regulation CC definition of ECIs and how they are different from Electronic Checks. The session will walk through scenarios, cover the ECI indemnity as well as the risks that may be associated with accepting and exchanging ECIs.
Jenny Johnson is Vice President, ECCHO, at The Clearing House. In this role, she is responsible for managing the ECCHO Rules, Business Committee, Operations Committee and Working Groups. She facilitates groups of ECCHO members in examining issues and reaching consensus on resolutions that may include ECCHO Rules changes, whitepapers, sample letters, etc. She also helps members understand regulatory changes, develop ECCHO Rules changes, and determine interbank processes.
Jenny has been serving ECCHO members for around eleven years in a variety of roles, especially marketing and relationship management. She was instrumental in developing the National Check Payments Certification program and earned her NCP in 2012.
Jenny has more than 20 years of payments experience. Before joining ECCHO (now The Clearing House), Jenny worked for McKinsey/Global Concepts managing its Forums conference division, which involved overseeing several payment-related forums in the U.S. and UK. on check, ecommerce, fraud and cash management and other topics. In addition, she managed consulting engagements on change management, metric dashboard development, re-engineering operations, new product development, due diligence, research and other projects.
Prior to McKinsey/Global Concepts, Jenny served in the systems development function with Southern Company Services. She earned her CISA while working as a Senior Internal Systems Auditor before moving into the payments industry.