2020 WesPay Fraud Symposium
- Registration Closed
Tuesday, March 17, 2020 - 8:30 am - 2:30 pm PT
- This will be a virtual event.
- Stream from your computer or tablet from any location!
- Handouts, agenda, and sign in instructions will be available before March 17
Continuing Education Available: 7.20 AAP; 7.20 APRP; 2.40 NCP
AGENDA - MORNING SESSIONS
You Can’t Manage What You Can’t Measure
The latest payment fraud attacks use a combination of synthetic identity theft followed by a long period of authentic-looking activities before executing a fraudulent activity. Guardian Analytics’ Fraud Insights Network is reporting triple digit growth in fraud cases across financial institutions from 2016 through 2019. This equates to millions of dollars of illicit transactions detected by our machine learning & behavioral analytics risk engine and subsequently prevented with real-time interdiction.
Presented by Eric Tran-Le, Co-CEO & Vice President Product Management at Guardian Analytics
The Fed on Fraud: Payment Security Initiatives in 2020
As payment systems become increasingly digitized and complex, a host of dynamic security threats have surfaced. One lucrative financial scheme used by fraudsters is synthetic identity fraud, reportedly the fastest-growing type of financial crime in the U.S. that is estimated to have cost U.S. lenders $6 billion in 2016. Furthermore, the lack of an industry-adopted and consistent manner for categorizing payment fraud losses has created difficulties in capturing and reporting fraud trends in a timely manner.
Presented by: Andres Rapela, Assistant Vice President at the Federal Reserve Bank of Boston
Fighting Authorized Payments Fraud
Fraud schemes continue to grow, with 78% of companies reporting they were targets of payments fraud in 2017, spread across 100% of the world's and nation's geographies. These schemes are constantly evolving to target legitimate businesses, nonprofits, government and other public-sector organizations. Additionally, financial institutions and payment originators are looking to implement various types of faster payments. In this session learn how each of these methods of fraud manipulates targets into sending payments, changes happening at Nacha and in the industry to mitigate risks, and steps to take to help avoid becoming a victim. Attendees will leave this session with resources and tools to help their employees and their customers avoid falling prey to fraudsters.
Presented by: Amy Morris, Senior Director, ACH Network Rules, Nacha
Get Data Breach Clarity to Improve Member Health and Cut Costs
With four new daily U.S. breaches leading to endless identity fraud attempts, credit unions need new methods to more effectively predict risk, while predicting member finances and relationships. Endless fraud analytics and consumer options are available, as is the amount of fear-mongering and panic. Breach Clarity’s founders present an altogether new and holistic solution, identified from research conducted while serving in an expert witness capacity on the nation’s largest data breaches.
Presented by Jim Van Dyke, CEO and co-founder of Breach Clarity and Al Pascual, COO and co-founder of Breach Clarity
AGENDA - AFTERNOON SESSIONS
RTP is Faster, Safer Payments
Faster payments does not always equate to faster fraud! Join us for this informative session designed to combat evolving misconceptions related to faster payments as we enter the age of real-time. What type controls and monitoring should financial institutions focus on when it comes to offer faster payments? This presentation will provide attendees with insights that can be used to sort out the way financial institution should approach risk management and faster payments.
Presented by: Tim Mills, Vice President of Business Development of The Clearing House
Authorized Fraud: Detecting the Un-Detechtable
With the commonization of faster payments, fraudsters are finding even faster ways to divert funds – leaving fraud analysts with little time to work alerts. Authorized Fraud has become the one of the largest growing fraud schemes. And as we add new payment rails into the mix, it becomes even more critical to understand scams like Business Email Compromise and Push Payments Fraud Financial Service Organizations need to understand how to combat the authorized fraud we know today and be agile enough to stay ahead of the evolving threats of tomorrow.
Presented by: Nithin Mangalore, Senior Product Manager, Fraud, NICE Actimize
Chris Selmi, AAP, CRCM (Moderator)
SVP, Risk & Regulatory Compliance
Chris is a recognized industry expert in managing payment-related regulatory impacts and risk mitigation. He consults to financial institutions to develop processes and programs to facilitate compliance with payment law and regulation and industry standards. Prior to joining WesPay, Chris spent sixteen years at Bank of America in the electronic payments group where his responsibilities included operations management, project support, and client and application testing and where he served as the compliance and regulatory control manager for both ACH and Wire payments.
Chris served as Bank of America’s representative on the WesPay Board and as the Chair of WesPay’s Rules Advisory Council and the Risk Management Advisory Council. He is a member of NACHA’s Risk Management Advisory Group.
Chris holds the designation of Accredited ACH Professional (AAP) and Certified Regulatory Compliance Manager (CRCM).
President & CEO
Bill is responsible for strategic initiatives to grow the association and provide maximum value to members and brings nearly thirty years of electronic payments experience to WesPay and has worked for leading payments organizations, including Visa International, Citibank, N.A., and NACHA – The Electronic Payments Association. He consults to financial institutions in the areas of payments strategy and process improvement. Bill has an extensive background in the development and implementation of products and services relating to ACH, wire transfer, purchasing card, debit card, P2P payments, and money transfer networks.
Prior to joining WesPay, Bill spent eleven years at Visa International serving in product leadership positions and was responsible for managing Visa’s global remittance service and initiatives to expand financial services to the unbanked in emerging markets. Bill was the global product manager for Visa’s debit products and was the founder of the Visa International Global Debit Forum. Prior to Visa, Bill spent eight years in the Global Cash Management division of Citibank, where he was responsible for strategic sales, product management and client on-boarding of domestic and cross-border payment solutions.
Bill currently serves on the Boards of WesPay, USA Technologies (NASDAQ: USAT) and WesPay Advisors.
Co-CEO & Vice President, Product Management, Guardian Analytics
Eric Tran-Le is Vice President Product Management at Guardian Analytics in charge of the next-generation financial crimes platform leveraging machine learning and behavioral analytics to detect fraud and money laundering. Eric Tran-Le has held several leadership positions in product management and marketing at companies at Oracle and Microsoft, where he consistently delivered innovative best-in-class enterprise solutions in the areas of cloud-based predictive analytics for IT security.
Assistant Vice President at the Federal Reserve Bank of Boston
Andrés is assistant vice president for Secure Payments and is responsible for the design, development, and implementation of the strategy for improving security and resiliency of the U.S. payments system. This work entails collaboration with payments professionals across the financial system, and with interested stakeholders in various related industries. Andrés brings over 25 years of experience in financial services, information technology, and risk management to the Secure Payments initiative.
Prior to joining the Bank, Andrés was a vice president at Fidelity Institutional, where for eight years he led the brokerage platform technology risk management function. While at Fidelity, Andrés held several other senior leadership positions in technology, risk management, and compliance across multiple business lines.
Andrés is a graduate of Pace University and holds an M.B.A. from the Boston College Carroll School of Management. He is also a Certified Information Systems Auditor (CISA).
As a long-time resident in the Boston area, Andrés volunteers his time at the Pine Street Inn where he serves Sunday dinner to people in need of a home.
Senior Director, ACH Network Rules, Nacha
Amy Morris is a Senior Director of ACH Network Rules at NACHA, where she leads and participates in multiple working groups that address issues in the payments industry. In addition to collaborating with industry participants on changes to operating Rules, she also assists in educational activities and provides rule and operational guidance to participants planning for and implementing electronic services related initiatives. Amy has over twenty years of experience in the financial services industry, specialized in electronic payments, previously working at Navy Federal Credit Union, FIS, and Visa.
Jim Van Dyke
CEO and co-founder of Breach Clarity
Jim serves as a courtroom expert witness in many of the nation’s largest data breaches. He has provided expertise in some of the most significant U.S. cases, including Anthem, Equifax and Yahoo. Jim founded Breach Clarity out of a passion to more authentically and effectively improve consumer financial health and well-being.
Previously, Jim founded Javelin Strategy & Research and served as its CEO for 12 years. He was a research director at Jupiter Research (now Forrester Research); a product manager for a variety of fintech products, including digital banking, encryption, secure internet messaging and digital commerce.
Jim serves as a board member for the Identity Theft Resource Center, formerly served as a board member of the U.S. Consumer Financial Protection Bureau (CFPB, a party of U.S. Treasury), and has served on other non-profit boards focused on consumer well-being.
COO and Co-founder of Breach Clarity
Al is a recognized expert in financial crime, having spent the bulk of his career in the fight against fraud.
He most recently served as head of fraud and security for Javelin Strategy & Research, where he directed the company’s oft-cited research and analysis on consumer identity theft trends, and also served as a member of the executive leadership team. Prior to Javelin, Al led investigations into cases of organized payment fraud while serving at FIS, where his work resulted in the arrests of more than 400 accused fraudsters across the country. During the mid-to-late 2000’s, he served in fraud roles at HSBC and Goldman Sachs, where he worked to tackle the rampant mortgage fraud plaguing the real estate boom. Over the years, he has actively participated in several fraud-oriented industry associations and government-sponsored working groups on fraud.
Al‘s insights on the effects of identity theft and fraud have been published by hundreds of publications and shared with attendees at industry events around the world.
Vice President of Business Development of The Clearing House
Timothy Mills is a Vice President with The Clearing House Payments Company with responsibility for Real-Time Payments business development. During his 20-year career, Mr. Mills has worked extensively witih financial institutions of all sizes and non-financial institutions on payments strategy, compliance and emerging payments. In addition, he has consulted with central banks on payments modernization. Mr. Mills holds the Accreddited ACH Professional (AAP) credential and has served as a member of the National Automated Clearing House Association's (Nacha) Payments Institute Board of Regents, Risk Management Advisory Group (RMAG) and Payments Conference Planning Committee. He is a frequent speaker at conferences and payments related functions. Mr. Mills is an alumnus of Kutztown University and The Ohio State University.
Senior Product Manager, NICE Actimize
Nithin Mangalore has a decade of experience working with large investment banks and retail banks, implementing and designing new compliance and fraud controls. Recently he has focused on fraud prevention for Zelle and check payments.