Same Day ACH Settlement (A potential new and major player in the payments system)
Speaker: Dan Fisher, President and CEO, The Copper River Group
Moderator: Erin Handel, CEO, Bankerstuff
Register Now!
Program Description
Watch out VISA, MaterCard...here comes the ACH system of the 21st Century. Make no mistake about it, the Federal Reserve, through their announcement of a new Same-Day settlement opt in product, has single handedly changed the competitive relevance of the ACH system.
The new service is a small first step to changing the entire payments system by offering a same-day settlement feature that ultimately will be able to compete with and match up to the transaction efficiency of the card networks, but at a much lower cost. In our speaker's opinion, this represents a trial balloon being raised by the Fed.
Remote Deposit Capture RDC will be the first beneficiary of this new Fed service, but potential is far reaching.
This program will provide the participant with a better understanding of the implications of Same-Day ACH settlement and how these changes will impact financial institutions.
Implications:
- Same-day ACH settlement to the consumer can compete with wire transfer services that are cost prohibitive for small value payments
- Last minute telephone or internet initiated payments that currently use credit or debit cards through the card networks. The market place is changing and consumers have a new option. It is cheaper and faster than an off line debit card (signature debit card) transaction at a point of sale
- Due diligence Risk mitigation - controls and processes
- Ongoing oversight
About the Presenter
Prior to forming The Copper River Group, Dan held dual roles of President and CEO of Community First Technology, Inc. (CFTI), and Executive Vice President CIO of Community First Bankshares. His responsbilities included administering all corporate information technology policies. Dan also created and implemented a strategic plan for the technological direction of the company and its subsidiaries.
Target Audience
Same-day ACH settlement can impact every payments related product your institution offers. Recommended attendees include CEO, CFO, CIO, Marketing Officers, Internal Auditors, Compliance and Senior Operations Professionals. Banker's Banks, Corporate Credit Unions, Correspondent financial institutions and vendors that provide this technology as a service should also attend.
Webinar Cost
Please note that the price of $99 listed for this webinar includes:
- Immediate Access to the webinar playback
- Presentation Materials (sent to you within 24 hours before the webinar)
Credit card payments only for online registration, if you prefer to pay by check, please contact Bankerstuff customer service at the number below. You will be prompted for your credit card information when you register. MasterCard, Visa, Discover and AmericanExpress are accepted. If you have any questions regarding payment information, please contact Bankerstuff at 1.866.599.8234 X 701 or email us at jeff@bankerstuff.com.
Cancellation Policy: If you need to cancel your registration, you must contact Bankerstuff 24 hours prior to the start of the webinar. You will receive a full refund of all fees paid less a $25.00 cancellation charge. To cancel, please call Bankerstuff at 1.866.599.8234 X 701 or email us at jeff@bankerstuff.com.
Same Day ACH Settlement (A potential new and major player in the payments system)
Speaker: Dan Fisher, President and CEO, The Copper River Group
Moderator: Erin Handel, CEO, Bankerstuff
Register Now!
Program Description
Watch out VISA, MaterCard...here comes the ACH system of the 21st Century. Make no mistake about it, the Federal Reserve, through their announcement of a new Same-Day settlement opt in product, has single handedly changed the competitive relevance of the ACH system.
The new service is a small first step to changing the entire payments system by offering a same-day settlement feature that ultimately will be able to compete with and match up to the transaction efficiency of the card networks, but at a much lower cost. In our speaker's opinion, this represents a trial balloon being raised by the Fed.
Remote Deposit Capture RDC will be the first beneficiary of this new Fed service, but potential is far reaching.
This program will provide the participant with a better understanding of the implications of Same-Day ACH settlement and how these changes will impact financial institutions.
Implications:
- Same-day ACH settlement to the consumer can compete with wire transfer services that are cost prohibitive for small value payments
- Last minute telephone or internet initiated payments that currently use credit or debit cards through the card networks. The market place is changing and consumers have a new option. It is cheaper and faster than an off line debit card (signature debit card) transaction at a point of sale
- Due diligence Risk mitigation - controls and processes
- Ongoing oversight
About the Presenter
Prior to forming The Copper River Group, Dan held dual roles of President and CEO of Community First Technology, Inc. (CFTI), and Executive Vice President CIO of Community First Bankshares. His responsbilities included administering all corporate information technology policies. Dan also created and implemented a strategic plan for the technological direction of the company and its subsidiaries.
Target Audience
Same-day ACH settlement can impact every payments related product your institution offers. Recommended attendees include CEO, CFO, CIO, Marketing Officers, Internal Auditors, Compliance and Senior Operations Professionals. Banker's Banks, Corporate Credit Unions, Correspondent financial institutions and vendors that provide this technology as a service should also attend.
Webinar Cost
Please note that the price of $99 listed for this webinar includes:
- Immediate Access to the webinar playback
- Presentation Materials (sent to you within 24 hours before the webinar)
Credit card payments only for online registration, if you prefer to pay by check, please contact Bankerstuff customer service at the number below. You will be prompted for your credit card information when you register. MasterCard, Visa, Discover and AmericanExpress are accepted. If you have any questions regarding payment information, please contact Bankerstuff at 1.866.599.8234 X 701 or email us at jeff@bankerstuff.com.
Cancellation Policy: If you need to cancel your registration, you must contact Bankerstuff 24 hours prior to the start of the webinar. You will receive a full refund of all fees paid less a $25.00 cancellation charge. To cancel, please call Bankerstuff at 1.866.599.8234 X 701 or email us at jeff@bankerstuff.com.