July 18, 2024
10am-11:30am


Member Fee (Live or Recording):  $165 per connection 
Non-Member Fee (Live or Recording):  $265 per connection


The banking industry is experiencing a significant rise in payment fraud, which is affecting both retail electronic and commercial payments. This trend is attributed to technological innovation and evolving regulatory standards, which have exposed weaknesses in older systems and processes. Consequently, FinCEN observed an increase of 300% in fraudulent activities in the last two years, prompting heightened attention from industry experts and regulatory bodies.

Key takeaways for the upcoming webinar include:

1. Analysis of the Current Fraud Landscape: Understanding the recent escalation in fraud claims within the banking industry.
   
2. Payment System Vulnerabilities: Examining the challenges faced by primary payment systems, particularly where mature processes meet legacy technology.
3. Risk Mitigation Strategies: Discussing effective methods for financial depositories to reduce their exposure to fraud risks.
   

Chris Couch of Phelps works with banks on strategic business decisions, leveraging his industry expertise and analytical skills to minimize risk and align client operations with their goals. Community banks rely on Chris' thoughtful approach to make informed, practical decisions on both traditional and cutting-edge issues.