AFP Webinar Series Archived Sessions

Payment Systems

*  Payments Fraud Revealed: How Well Are You Managing Your Company’s Risk? (AN07 Conference Session)

This session will present research by the Minneapolis Federal Reserve Bank on payment fraud in ACH, check and card payments; high priority fraud concerns of bankers, corporates, and other stakeholders; and the range of solutions to mitigate payments fraud, including promising new initiatives.

*This recording has been approved for CTP re-certification credit. After completing and returning the quiz, you may be eligible for 2 CTP credits.

Payment Policy Development - From Strategy through Development

Learn how to develop an effective payments policy that balances the risks and realities of your business. Hear about corporate experiences, industry best practices and key ingredients for creating payments policies. This lecture will also describe how companies use such policies to drive strategic change, promote accountability and manage payment risks.

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They’re Changing the Rules of the Game: NACHA and Federal Reserve Update

New Federal Reserve rules specify the wording of consumer notification about check conversion, Regulation E coverage for payroll cards, and liability for fraudulent remotely created checks. NACHA rules have expanded the ways checks can be converted to ACH debits. Some business checks are now eligible for conversion, and a new ACH transaction allows checks received at the point-of-sale to be converted to ACH debits in the back office (Back Office Conversion). Learn about these and other recent payment rules changes and how they impact corporate collections and disbursements.

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Corporate Access to SWIFT: What Does It Mean for Corporate Treasury?

Thursday, March 8, 2007
Corporates around the world have often wished they could access the SWIFT Network as banks do. In 2007, they will be able to connect to SWIFT and have a single access channel to over 8,000 banks worldwide. How can corporates take full advantage of this new opportunity to send payments to and receive statements from their banking partners? What will be the impact on their business? This session will present the views of a banker and a corporate who has already taken the plunge.

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Converting Checks at the Point of Sale – BOC and POP

Thursday, February 22, 2007
Back Office Conversion - BOC - the new ACH transaction that allows check conversion at the point of sale, is set to take center stage on March 16, 2007 when the new ACH rules that govern this transaction take effect. Point of Purchase check conversion - POP - which has been in use since 2000 and has shown substantial, recent growth, also allows ACH check conversion at the point of sale. What are the differences and similarities between these two point of sale conversion transactions? What are some of the important decision criteria you should use when evaluating BOC and POP? In order to offer consumers the choice and convenience they demand, practitioners must understand the alternatives and determine the most cost effective and secure method for accepting checks at the point of sale.

This informative webinar will provide you with a detailed review of POP and BOC transactions, and present case studies from merchants that have evaluated point of sale check conversion solutions.

Managing the Costs of Card Acceptance: C2B and B2B Success Stories (Annual Conference 2006 Session)

Thursday, February 15, 2007
With credit and debit card sales on the rise, understanding interchange, transaction fees and card processing costs can yield substantial savings. In this AFP Payments Advisory Group session, hear about the cost-control approaches of three types of card-accepting companies: a retailer with an above-industry-average record of qualifying for the best rates, a B2B distributor who cut costs by 30% annually, and a Web biller who positioned electronic payment options to encourage lower-cost choices.

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Blueprints for Building Vendor Acceptance of Electronic Payments (Annual Conference 2006 Session)

Thursday, February 1, 2007
Hear blueprints for success from AFP Payments Advisory Group! Learn how Procter & Gamble converted 65% of its payments from paper to electronic by establishing partnerships with internal departments and its bank. Hear how UPS identified target accounts and then developed a calling strategy tailored to each vendor relationship.

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EPN STP 820 - The Corporate Discovery of a Simplified, Streamlined B2B Payment and Remittance Process (Annual Conference 2006 Session)

Thursday, December 14, 2006
Businesses are using a new tool to achieve straight-through-processing of electronic payments and overcome the barriers to automating remittance information. Hear how mid-size companies are using the EPN STP 820-a streamlined, simplified EDI format-to send electronic payments with remittance information from their accounts payable and cash management systems for automatic posting to the accounts receivable system of a large corporate supplier. Learn how to protect against electronic payments fraud by using a UPIC (Universal Payment Identification Code) to mask your real account number.

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Remote Deposit Capture – If I Knew Then What I Know Now...

September 21, 2006
Remote deposit capture has exploded from what was an interesting concept little more than a year ago to a necessary product solution in Treasury Management. Many financial institutions are offering remote deposit capture and the market has matured with a variety of product offerings. This session will look at how three different banks evaluated, selected and implemented remote deposit services, how they identify and market to their corporate customers, and their customers' experience in implementing remote deposit solutions.

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Ghost Cards: An electronic payment solution that fits your A/P process

August 10, 2006
Companies using ghost cards to transition from checks to electronic payments have found new ways to reduce expenses, increase float and strengthen controls without changing their accounts payable or purchasing processes. Hear how two companies are realizing the benefits of this type of purchasing card for their different payables solutions: a leading healthcare provider with a large, diverse group of vendors, and an auto insurance company paying claims to small companies nationwide.

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NACHA Rule on Business Check Conversion to ACH: The Impact on Corporate Disbursements

July 13, 2006
The NACHA rule on “Identification of Business Checks Ineligible for Conversion” becomes effective September 15, 2006. It defines which checks drawn on business accounts may not be converted to ACH debits. Business checks that do not meet these criteria may be converted by organizations that receive them through the mail or at points of purchase. In this session, corporate and bank representatives explain what makes your checks ineligible or eligible for conversion, how the rules affect your rights of return, the potential impact on your cash management services, and what you can do to affect the outcome.

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The Aftermath and Domino Effect of Check 21

February 16, 2006
Have banks and their corporate customers made progress to electrify the payments system through distributed capture, image exchange, new services, fraud mitigation and infrastructure changes? Learn about their best practices, technology deployments and strategies for ongoing improvements in payments system security and efficiency.

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Show Me the Money - How Your Firm Can Collect Its Share of Class Action Settlements

July 14, 2005
Every year U.S. businesses fail to claim their share of class action settlements, leaving billions of dollars on the table. The process of filing the claims that maximize a company's recovery, but still satisfy the court's requirements, can be a time consuming challenge.

This presentation explains how to overcome the obstacles to obtaining the largest possible recovery in commercial class actions and examines the nuts and bolts of filing claims. Using examples from past and current settlements - including the Microsoft and Visa/MasterCard cases - the presenters provide a roadmap to the entire filing process from initial notice to final pay-out.

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The Role of the Federal Reserve in the Cash Payments Cycle

March 17, 2005
Barbara Bennett's presentation will provide an overview of the role of the Federal Reserve Banks in the cash payments cycle, as well as several policy initiatives the Fed has underway that will affect how banks (and potentially their customers) handle cash. These initiatives include a policy change that will encourage banks to re-circulate fit currency and reduce their reliance on Reserve Bank cash processing, as well as a policy that will ensure that the quality of currency in circulation is "fit for commerce." Finally, the presentation will summarize the findings of the recent retail payments study conducted by the Federal Reserve and describe upcoming follow-on studies. Participants will be encouraged to ask questions and offer their own perspectives about cash payments, cash handling and currency quality.

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Changing Your Payments Mindset: A 21st Century Business Case

February 3, 2005
Building a business case for treasury projects involves more than a cost/benefit analysis. In today's environment, where minimizing fraud, limiting liability, and managing technology and regulatory compliance are critical, risk assessment and control must be included. AFP Payments Advisory Group members will provide a business case methodology attendees can apply to make decisions about important electronic payments choices.
This topic will be addressed at The AFP 2005 Payments Forum. For more information on this and other topics, click here.

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The AFP 25th Annual Conference Promotional Session: Impacts of Check 21 and Image Exchange on Corporate Treasury

September 22, 2004
Check 21 poses significant legal and operational issues for corporate disbursements and collections. Billers and retailers will gain expanded options for clearing payments faster and cheaper. Payors face controlled disbursement, positive pay, account reconciliation and record-keeping changes. Finally, banks may seek to extend liabilities for image quality and image replacement documents with corporates. It pays to understand all implications.
This original session will be presented at the AFP 25th Annual Conference in San Diego. For more information on additional sessions covering Check 21 as well as other timely topics, click here.

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The Internet-Initiated ACH

July 8, 2004
Consumers may now use the Web to authorize ACH debits. NACHA Rules for WEB transactions establish a set of critical requirements for consumer protection. NACHA recognizes Internet transactions have unique security risks associated with the anonymity the Internet provides, unauthorized access to financial information using the Web's open network and the speed and volume of payment transactions over the Internet. This session will discuss those Rules and recommended best practices in accepting Web-based ACH payments.

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What Corporate Treasury Needs to Know About Check 21

May 6, 2004
By stimulating innovation and automation in check collection practices, Check 21 will bring about wide-ranging changes in the payment system. This session will help you understand, adapt to and take best advantage of these innovations now…and what only the future will tell. You'll hear about the reasons behind Check 21-why the financial services industry supported the creation of a new payment instrument called a "substitute check" to replace original checks. You'll learn the difference between check truncation permitted by Check 21 and check conversion to ACH debits under NACHA rules. Check 21 will mean different things, depending on your perspective as a depositor or a disburser. Speakers will explain how Check 21 will change-or not-treasury practices on both sides of the payment process, as well as the impact on a company's rights and liabilities. Finally, the session will describe some of the new payments services made possible by Check 21-and their implications for your payments strategy.

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Transformation of Treasury and Payments: Will You Survive?

April 22, 2004
Strategies for treasury's control and optimization of payments are now more critical than ever. Government regulations and new market practices require them, shifting payments patterns have created new elements of risk and cost, and treasury downsizing puts a premium on efficiency. This has a direct impact beyond treasury to include payables and receivables groups. AFP Payments Advisory Group members will offer valuable help in coping with the new environment. That includes actionable information about best payments practices-with a focus on incoming payments-and the impact of Sarbanes-Oxley, the PATRIOT Act and other government actions. Speakers will also clarify the processes transforming payments from paper to electronic through truncation, conversion and imaging, and highlight ways to retain control of your company's payment activities.

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Is the Internet Ready for High-Value Payments?

March 25, 2004
The Federal Reserve is embracing new strategies to develop and implement well balanced, multi-channel options that focus on an integrated customer delivery experience. Like the rest of the payments industry, the Fed works hard to keep current, deploy new tools and function effectively, continuously evaluating new channel delivery options. For an access method to be viable, a high level of security must be in place. How do you evaluate channel delivery options for payments? The Federal Reserve is in the midst of doing just that, with the current objective being to move all financial services to a Secure IP platform. To obtain this objective, the Federal Reserve is leveraging new technologies to meet the imminent changes in the payments marketplace and the demands of technology-savvy customers. Every channel option is evaluated based on the risk and security level compared to the return and benefits offered, and appropriateness for the highest-value transactions. As the proliferation of electronic payments increases, the risk/return evaluation of electronic channels is something every financial professional will encounter.

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