Card Payments Fraud and Risk Mitigation

RELEASE DATE:  APRIL 1, 2024
ESTIMATED DURATION: 60 MINUTES

Card fraud poses unique risk to your financial institution. This session addresses common types of fraud scams and outlines sound business practices an organization should consider in reducing loss and minimize risk. Additionally, we will identify the rules and regulations that govern the card networks and tools that are available to assist in combating card fraud.

MEET THE SUBJECT MATTER EXPERT:

Before coming to WesPay, Connie LaChance spent nearly twenty years working in the credit union industry. She began her career in accounting and quickly became immersed in ACH payments. For over twelve years, she has been involved in ACH Operations; with the past eight years managing the ACH department at Ent Credit Union and participating in the Federal Reserve’s Retail Payments Advisory Group. Connie currently holds the AAP, APRP, and NCP designations.

As an innovative payments association, Wespay is dedicated to guiding members through the ever-evolving payments industry with education, information, advisory and advocacy services. Our dedicated team partners with financial institutions, fintech companies, third-party payment providers and organizations that supply payment services related to operations and compliance, risk management and fraud, as well as payments strategy and planning.

As a Direct Member of Nacha, Wespay is a specially recognized and licensed provider of ACH education, publications, and support. Wespay is directly engaged in the Nacha rulemaking process, the Accredited ACH Professional (AAP) Program and the Accredited Payments Risk Professional (APRP) Program. Additionally, Wespay is partnered with ECCHO, as a designated Educational Partner for the National Check Professional (NCP) accreditation program