TPI On Campus Monday Agenda

monday

July 26

7:30 AM - 8:00 AM

The Breakfast Club

No, it’s not the super, amazing John Hughes movie from the 1980s – but it will be just as great, if not better! It’s not all-day detention and you won’t need to raid Barry Manilow’s closet in order to attend. It’s going to be a busy day, so grab a cup of joe (or a soda from the vending machine) and ease into it. Screws fall out all the time, the world is an imperfect place but you can get your day started right while meeting your classmates and raising a ruckus, "Can you describe the ruckus, sir?" Enjoy some relaxing conversation with fellow early risers. Introduce yourself to new classmates and enjoy the fact that you don’t have to spend 8 hours and 54 minutes writing an essay!


8:15 AM-9:45 AM

Comparative Payment Systems

AAP Prep School of Study | APRP Prep School of Study | General Payments Systems School of Study

There is no need to get lost among the different payment systems, such as the trusted platforms like ACH and wire, along with the emerging payment mechanisms such as RTP® and the upcoming FedNow. Instructors guide students through these systems in an interactive discussion that provides a greater understanding of the comparative benefits and uses of these payment methods. Students also gain a working knowledge of the governing rules, laws and regulation, and much more.

Sandy Ortins, AAP, APRP, NCP, Senior Vice President, Operations, NEACH


Master’s Class Meet Up

Master’s Program

This meetup allows students to mingle and interact with fellow students to discuss situations they have encountered, vendors they have used, and rules they may not fully understand (or think should be changed). Students are encouraged to send in suggested topics in advance of TPI. Both Payments Risk Management Master’s and Master’s Program students will participate in this interactive setting.

Jennifer West, AAP, Director, Payments Innovation Alliance, Education & Accreditation, Nacha


Payments Revolution Part I: Technology

Payment Innovations & Technologies School of Study

The continuously evolving payment capabilities of smartphones, and the development of touchless devices such as Visa’s payment ring and Amazon’s Alexa, have demonstrated their consumer appeal. The P2P space is also giving rise to greater consumer purchasing power with companies like Facebook and Google, and products such as PayPal, Venmo, Square, Zelle®, RTP® and FedNow upping the payments ante. This introductory course explores the interconnectivity of the technology surrounding the payments revolution and provides insight into how your organization can adopt some of these capabilities to benefit both you and your customers.

Peter Tapling, APRP, Managing Director, PTap Advisory, LLC


Risk for All Payment Types

AAP Prep School of Study | APRP Prep School of Study

This course introduces students to foundational risk management principles in the payments industry. The instructor discusses risk management across ACH, check, wire transfer, real time, and card payment channels, as well as disaster recovery and contingency planning. Students learn core components of enterprise risk, such as risk management life cycles, key terms, and risk mitigation business drivers.

Jennifer Miller, AAP, APRP, Senior Director of Services, UMACHA


10:00 AM-11:30 AM

Essentials of the ACH Network Part I

AAP Prep School of Study | General Payments Systems School of Study

This course examines the requirements of the annual ACH audit for operational and risk assessment guidelines. This course provides students with necessary information and insights to effectively perform ACH and risk assessment audits and to monitor compliance with the Nacha Operating Rules and other regulations. Students will gain an understanding of the functions that need to be audited, where noncompliance may represent increased risk, and how to assess potential liabilities.

Gai C. Craig, AAP, CTP, Executive Vice President, Operations, Education & Member Support, PaymentsFirst, Inc.


Maintaining Harmonious Policies & Procedures

Master’s Program

Policies and procedures are key components of a risk strategy. However, your policies cannot be effective unless your procedures back them up. Additionally, you cannot write appropriate policies without understanding your risk appetite. Instructors in this course examine how concepts for policies and procedures go hand-in-hand, including some real-life examples from an auditor. Tips on how to make your policies and procedures more effective will also be shared.

Jennifer Kirk, AAP, Vice President Education, EPCOR


Payments Revolution Part II: Payment Experience

Payment Innovations & Technologies School of Study

Building upon the technologies discussed in Part I, this course provides a deep look into the changing face of commerce, and how it directly correlates to evolving technology. With apps like Uber automatically processing your fare with a card on file, and Starbucks allowing you to place an order and pay before arriving at the coffee shop, merchants are completely changing the consumer payment experience, especially for those offering reward programs. In a world where faster has become a way of life, these enhancements are winning consumers over in the user experience arena. Attend this class to understand how e-commerce and data contextualization have evolved, as well as how better in-person payment experiences are affecting consumer and business relationships.

Brian Dao, AAP, Assistant Vice President Electronic Payments, Commerce Bank

Shawn Princell, President, Cash Flow Solutions, Inc.


Understanding the Payments Risk Environment

Payments Risk Management Master’s Program

This level-setting course reinforces students' knowledge of foundational risk management principles in the payments industry. The instructor discusses risk management across ACH, check, wire transfer, real time, and card payment channels, as well as disaster recovery and contingency planning. Students learn core components of enterprise risk, such as risk management life cycles, key terms, and risk mitigation business drivers.

Jen Wasmund, AAP, CTP, NCP, Senior Manager, Enterprise Payments Risk Management, Capital One


11:45 AM–12:45 PM - Lunch Break

Noontime Knowledge

Can't stop learning? Grab your lunch and join us for these lively chats scheduled 12:10 PM-12:35 PM. Activities to be announced.


1:00 PM–2:30 PM

Demystifying Blockchain – Understanding Its Value

Payments Innovations & Technologies School of Study

Each year brings new developments in blockchain and distributed ledger technology and their various applications. The financial services industry continues moving from proofs of concept to live production. Which of the many use cases currently in development hold the greatest promise for payments and transaction banking service providers? What are the latest developments in regulatory oversight? Instructors and students explore these questions and discuss how FIs can map a way forward from the early adopter phase into mature application deployment of distributed ledger technology – even exploring digital currencies.

Peter Tapling, APRP, Managing Director, PTap Advisory, LLC


Essentials of the ACH Network Part II

AAP Prep School of Study | General Payments Systems School of Study

Students gain a deeper understanding of complex concepts and nuances in the Nacha Operating Rules that relate to payment origination and receipt, risk management, compliance, enforcement and exception processing. The instructor explores operational, legal and business aspects of the Rules and offers insights into best practices, warranties, liabilities and responsibilities surrounding ACH participation. Students will learn to draw distinctions between commercial and consumer considerations, explore ODFI and RDFI perspectives, and discuss the use of third parties.

Gai C. Craig, AAP, CTP, Executive Vice President, Operations, Education & Member Support, PaymentsFirst, Inc.


New!  Payments Regulations from a Business Perspective

General Payments Systems School of Study

Numerous rules and regulations beyond Regulation E and Regulation CC apply to the banking and payments industry, most of which address consumer rights and protections. For businesses making and receiving payments, there is always the question of which regulations apply to their transactions, as well as what protections are provided to non-FIs or consumers. This course examines how the explosion of online commerce impacts businesses, and the consequences of not fully understanding the rules, rights and regulations that apply.

Ruth Harpool, AAP, APRP, Consultant


New!  Understanding Concepts of Liquidity

Master’s Program

As payments move faster, understanding an FI's liquidity positioning is essential. Balancing the need for funds designated for the Fed's Liquidity Coverage Ratio (LCR), while having funds available for overnight investing when possible as well as being able to respond to instant or same-day infusions or deductions are all essential for day-to-day operations. This course examines the nuts and bolts of liquidity and liquidity management with an emphasis on the move from the traditional batch system to RTGS.

Faculty TBD


3:00 PM–4:00 PM

Payment Systems Law

Master’s Program

Understanding the fundamentals of laws and regulations related to payments is crucial, but so is having a clear understanding of how these interact with one another, particularly when there may be overlap. With so many agencies overseeing the industry, students will gain knowledge of which has jurisdiction over not just payments in general but also on individual transactions. The rules and regulations for each payments rail may or may not be the same, and the authority over the transaction could also differ. This course delves into these issues and more.

Richard M. Fraher, Payments Legal Expert


Payment Systems Regulations Part I

AAP Prep School of Study | APRP Prep School of Study | Payments Risk & Compliance School of Study

This class introduces students to the alleged “alphabet soup” of laws and regulations that govern payments, with an emphasis on enforcement. Students are provided with information about all relevant laws and regulations and a basis for more in-depth examinations of Regulation E, UCC 3, 4 and 4A, and the Green Book. In Part II of this course, students are able to apply knowledge to scenarios for pertinent regulations.

Michele Barlow, AAP, NCP, Vice President, Macha Everything Payments – Everywhere

Jennifer Kirk, AAP, Vice President Education, EPCOR


Payments Risk Management Systems & Controls

Payments Risk Management Master’s Program

Risk management controls impact numerous systems and functions within any organization, regardless of the payment type. Vendor management, business continuity, identity authentication, and capital adequacy are some examples of policies your organization may have in place. How should they work together to create a risk management profile? Students should come prepared to discuss the key elements of risk management systems and controls and review how their organization's overall risk strategy may be impacted.

Jen Wasmund, AAP, CTP, NCP, Senior Manager, Enterprise Payments Risk Management, Capital One


Understanding Third Party Relationships

AAP Prep School of Study | APRP Prep School of Study | Payments Risk & Compliance School of Study

What are third parties? Updates to the Nacha Operating Rules revised the definition and clarified the roles of Third-Party Senders. However, uncertainty may still exist around payment intermediaries and their various roles in the ACH Network. Instructors discuss what classifies a Third-Party Sender as such, including guiding students through different payment scenarios outlining who third parties are, what role they play, the risks that need to be considered, and when the definition applies to these ACH participants.

Danita Tyrell, AAP, APRP, Senior Director, ACH Network Rules Development & Technical Support, Nacha


Wires: Functionality & Risk Study

APRP Prep School of Study | General Payments Systems School of Study

This course introduces students to the primary wire transfer systems in the U.S.: the Federal Reserve Bank’s Fedwire Funds Transfer System and The Clearing House Interbank Payment System (CHIPS). Topics discussed include the role wire systems play in high-value, urgent payments, and how these systems interplay with other Real-Time Gross Settlement (RTGS) systems and the SWIFT international financial messaging network. Students gain an understanding of the key attributes, capabilities, uses and developments in wire transfers, including the possible impact of faster payments mechanisms to this legacy system. Risk mitigation and detection methods are also reviewed.

Stephen Wojciechowicz, AAP, CTP, Treasury Services, Product Management, Direct Clearing, USD Clearing , BNY Mellon