2024 Electronic Payments & Fraud Prevention Conference
Thursday, February 15, 2024
7:45 AM - 3:00 PM
Quest Conference Center - Columbus, OH
CBAO members: $359 | Non-members: $459
Fraud detection & the management practices for electronic payments are constantly evolving. The risks of financial loss are increasing as technologies facilitate the movement of money amongst a crowded field of transmitters. This program will guide community banks through several opportunities to mitigate the emerging risks presented through new channels of money movement.
Agenda:
7:45 AM – 8:20 AM
Breakfast / Registration
8:20 AM – 8:30 AM
Welcome message and introductions
8:30 AM – 9:30 AM
How Fraudsters Scale Payment System Attacks
Yvette Waring, Regional Manager for Community Issuers - VISA
Financial Crime is growing increasingly sophisticated, with traditional card fraud being only the tip of the iceberg. Join our discussion to hear how Visa is thinking about mitigating these fraud attacks across the ecosystem; and how we can partner to help protect your institutions, cardholders, and clients. We will discuss Best Practices for optimizing secure technology, like Tokenization, as well as fraud mitigation strategies for First Party Misuse and Account Takeover.
9:30 AM – 9:45 AM
Networking
9:45 AM – 10:45 AM
FedNow Update
Brad Bristow, Regional Relationship Manager - FedNow
Instant payments is the future of sending and receiving money. Together, we will explore the benefits of the FedNow network: What FedNow is, what it isn’t, and why you should join. We will also review its built-in fraud features, including a look forward at the evolution of more robust, value-added fraud tools. Finally, we will look over available resources you can leverage to map your instant payment journey.
10:45 AM – 11:00 AM
Networking
11:00 AM – 12:00 PM
The Perfect Storm
Mike Burke, Sr. Robbery and Crisis Management Consultant - SHAZAM
The COVID-19 pandemic created the perfect storm for fraudsters and criminal activity affecting financial institutions. From Isolated individuals that become victims of fraud to the resurgence of old fraud vectors, institutions are still dealing with the lingering issues created during the worldwide pandemic. We’ll outline ongoing threats from check fraud to social engineering, enhanced security procedures that can prevent fraud and how ATM skimming activity is evolving during the COVID-19 pandemic.
12:00 PM – 12:45 PM
Lunch
12:45 PM – 1:45 PM
Check Fraud Prevention Practices Panel
This session will include a panel and group discussion to minimize and mitigate growing check fraud trends. This panel will be led by community bankers and CBAO’s counsel to review best practices to ensure full collection on the check warranty. Attendees will be provided with updated comprehensive Check Warranty guidelines and more. Join this industry-leading discussion to reduce losses and improve your recovery efforts.
1:45 PM – 2:00 PM
Networking
2:00 PM – 3:00 PM
Real-Time Payments Fraud
Trevor Witchey, Senior Director of Payments Education - EPCOR
Fraudsters are keeping financial institutions and companies continuously busy with various scams and data/access device theft. As security is increased on devices to reduce account takeover fraud, the attention is now focused on schemes or stealing physically payment devices, like Checks or Debit Cards, to drain deposit accounts. While Check volume is decreasing, its fraud is significantly increasing nationwide. Join this session for a discussion Check and digital payment fraud (ACH, Wires, Debit Cards, etc.).
Topics to be addressed:
- Real-Time Fraud Detection
- Deposit, Check, ACH, Wire, Card, etc.
- Blocking/Filtering detection
- Risk segmentation and prioritization
- Regulatory compliance reporting (SAR/BSA/AML)
- Money Laundering
- Elder Abuse
- KYC relating to new online account opening – enhanced due diligence
- Internal/External reporting and analysis
- Enterprise Risk Management
- Trend reporting and resources
If you are having issues with registering online, please contact Malia Widder, (614) 610-1877.