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This bundle includes all three modules for the Faster Payments Professional Certificate.

Item Number - FPCERTR24025

The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors, and the Office of the Comptroller of the Currency (OCC) collaborated to establish a unified approach to managing and monitoring risks associated with third-party relationships that banking organizations maintain. This interagency guidance was recently approved June 6, 2023 and all federally regulated banking organizations are expected to establish and maintain risk management on all third party relationships including third-party service providers, third-party payment processors, and fintechs.

This session, led by Affirmative Technologies' Nanci McKenzie, dives into the third-party risk management life cycle and what you need to know before your next examination.

Item Number - LMSR4003

Designed to help your institution identify anomalous activity and supplement your fraud detection and alerting tools, the FedDetect service, a new addition to our FedACH Risk® Management Services, allows subscribed users to receive notifications via secure email when anomalous FedACH activity is detected. FedDetect Anomaly Notification for FedACH® Services launched January 2024 and is already providing hundreds of enrolled financial institutions with another layer of fraud detection and alerting tools.

Discover the benefits:

• - Identify atypical activity for the current day using baselines established for your financial institution's historical activity or by comparing your ACH transactions to industry rules
• - Receive timely notifications when anomalies are detected, allowing you to address concerns
• - Adhere to Nacha rules around notifications of change and help avoid future rule violations, contributing to overall efficiencies within the ACH network
• - Avoid overdraft situations by monitoring same-day activity at the final same-day deadline

The Supplement contains risk management and minor rule topic rule changes.

Supplement #1-2024 contains ACH Risk Management topics and Minor Rule topic rule changes.