Become a Risk Expert
Enhance Your Abilities
Your accreditation as a payments systems risk professional both propels your business forward and provides you with recognition throughout the payments industry. An APRP is an individual who has demonstrated a comprehensive knowledge of risk management strategies, concepts and mitigation techniques within the payments ecosystem.
“Mastering the complexities of risk management across traditional and emerging payment types is a skill that will continue to increase in value to payments risk professionals and the diverse organizations that employ them. Developed in collaboration with subject matter experts with broad payments risk experience, the Accredited Payments Risk Professional (APRP) credential enables practitioners to demonstrate just that. As we prepare to offer the inaugural APRP exam in March 2018, NACHA and its Board wish to thank the dedicated volunteers from the many organizations that have made this important endeavor a reality, with particular recognition extended to the Regional Payments Associations.”
- Janet O. Estep, President and CEO of NACHA
Our world is changing, and so is what it takes to succeed. It is not enough to master risk management for one payment type. The APRP credential demonstrates that you, or your employees, have mastered the complexities of risk management for ACH, check, wire, debit, credit and prepaid cards, and emerging and alternative payments.
Effectively managing payments risk is crucial for organizations that provide payment services, such as financial institutions, solution providers and processors, businesses and other end-user entities that use these services,and examiners who oversee this activity. Discover what the APRP credential has to offer you and your organization.
Due to an overwhelming positive response from the payments industry, we have reached capacity for the APRP exam and registration is now closed. Registration for the July 2019 exam window will begin this summer.
Benefits of Becoming an Accredited Payments Risk Professional
Earning your credential as an APRP has a wide array of benefits. As an individual, your accreditation demonstrates to your employer that you’re committed to the profession, which can provide opportunities for personal career growth. It validates to regulators and examiners that your financial institution or company is committed to risk management and regulation compliance.
These benefits apply to solution providers, processors and even end users. By having an APRP on staff, an end user like a business or government agency can more effectively manage ACH Network use and enhance its risk management profile. Similarly, solution providers and processors need qualified APRPs in order to ensure that they’re complying with FIs and business clients. Once you have your accreditation, you’ll become the “go-to” expert in the critical and nuanced areas of risk management across payment types.
Who Should Get Accredited?
Any professional in the payments industry can work toward accreditation. If you’ve worked in payments for years, you’ll be adding a highly respected qualification to your dossier; if you’re relatively new to the field, you’ll give yourself an edge over the competition. At a minimum, NACHA recommends spending two years working in the payments industry before taking the APRP exam.
APRP Exam Weight Estimation
The exam will be comprised of the following topic areas:
- Fundamentals of Payments Risk Management - 27%
- Payment Systems - 16%
- Payments Risk Policy & Governance - 10%
- Payments Risk Management Systems and Controls - 22%
- Physical and Information Security - 13%
- Regulatory Environment - 12%
Some concepts include, but are not limited to:
Fraud strategies, trends and threats, including prevention and mitigation; Enterprise Risk Management (ERM); Due diligence and enhanced due diligence; Risk appetite and tolerance; Risk management frameworks; Alternative and/or emerging payment systems; Core payment processing systems and applications; Payment channels, processes and types; Credit analysis techniques; Types and applications of internal controls; Onboarding procedures and processes; Vendor management programs and processes; Policies, procedures and systems to detect data breaches, alteration and/or destruction; Record retention. destruction and discoverability; Payments network infrastructure and connectivity; Regulatory environment impacts on internal programs and/or clients; Rules and guidance, and laws and regulations applicable to specific payment systems; Internal policies that address risk types; Effective procedures to support policies (e.g., risk, credit/underwriting, monitoring); Regulatory requirements for incident reporting (e.g., data breach, suspicious activity)
The APRP exam will consist of 135 multiple choice questions. Candidates will have three and a half (3.5) hours to complete the exam.
Exam Window: Monday, March 5 – Saturday, March 17, 2018
The exam is administered by PSI. We partner with PSI to use its computer-based testing facilities around the country.Testing centers are at community colleges, universities, IT centers and aviation centers.