Announcements

Register by July 31 and SAVE!

Group discounts are available!

Kayvan Alikhani, CEO and co-founder of Compliance.ai talks about the rapidly changing regulatory landscape and how RegTech has become a critical component to efficiently managing the avalanche of regulations affecting the financial sector.

WesPay wishes to bring to your attention a new advisory developed by the Financial Crimes Enforcement Network (FinCEN) on July 7, 2020. This advisory is to alert financial institutions to potential indicators of imposter scams and money mule schemes, which are two forms of consumer fraud observed during the COVID-19 pandemic. The advisory contains descriptions of imposter scams and money mule schemes and financial red flag indicators. It is intended to aid financial institutions in detecting, preventing, and reporting potential COVID-19-related criminal activity. The document is attached and linked here in its entirety for your reference.

WesPay Advisors is launching a new ACH Originator Guide to help onboard and educate your business originators. This robust and customizable tool will provide your originators with common ACH terms, sample authorization forms, risk mitigation best practices,and much more. 

Stay tuned for more info!

Titled "7 Tips for Better Virtual Meetings" and featuring Robert Gillette, IT Executive with Endsight, this podcast is worth the listen!

It's time for WesPay's biennial survey and we want to hear form you!

WesPay’s Member Survey is your opportunity to give back. Your participation in this survey will help us evaluate our member programs, identify opportunities for improvement, and assist with our future planning.

 

Our goal is to have 100% participation by our member organizations. The survey is anonymous, but we are asking respondents to willingly include their organization’s name—this will help us track our goal.

 

The survey should take 10-15 minutes to complete as it reflects the robust suite of products and services, as well as member benefits, that WesPay provides.

 

If you have any questions, please email us at memberservices@wespay.org.

 

Thank you!

More and more we see businesses and consumers move from paper to electronic payments. What does this mean for you? If you only receive ACH entries as an RDFI, it may be time to offer ACH payments as part of your services, even if only internal. If you are sending payments as an ODFI, it’s equally as vital to understand the roles, the rule and the risks of originating ACH entries. Whether you are looking to get started or need to bump up your product line, it’s time to join WesPay for our July featured Three-Part Webinar Series on ACH Origination.

Does your payments business or financial institution offer international transfers to consumers?

 In this webinar, WesPay will guide you through the maze of time frames, disclosure requirements, liabilities and consumer rights. Join us and hear new information related to the CFPB’s recent amendments to the safe harbor and consumer disclosure rules.

Join WesPay for our Quarterly Member Update on Monday, June 1, 2020. We are pleased to welcome two excellent topics:

 

• Jeanette Fox from Nacha will discuss the new Contact Registry and walk through the registration process which will be required of every financial institution starting July 2020.
• Richard Watada of the Federal Reserve will provide an update on FedNow (the FedNow Community) and its Customer Assistance Program.

Take part in this informative update as a benefit of your membership with WesPay.

Does your payments business or financial institution offer international transfers to consumers?

 In this webinar, WesPay will guide you through the maze of time frames, disclosure requirements, liabilities and consumer rights. Join us and hear new information related to the CFPB’s recent amendments to the safe harbor and consumer disclosure rules.

Read more about CFPB on WesPay's COVID-19 Resource Center.

Most financial institutions have been working diligently to service clients and members through remote channels, and increasingly, in digital channels. As a result, many financial institutions are learning of gaps in their digital payment services or are proactively pursuing new digital payment services that lessen the need for in-person interaction. This WesPay facilitated discussion will focus on initiatives members are undertaking to enhance their payment services by expanding their digital capabilities. 

NOTE:  No recording will be available for the Payments Lounge

LIMITED SEATING: Seating is limited to the first 25 registrants. 

Payments professionals specializing in the ACH Network require a broad knowledge of all the various aspects of this complex payments system. This industry-level certificate includes 12 live webinars, a review session and a comprehensive exam. The ACH Network Certificate series provides a more thorough explanation of the entire ACH system and provides a strong foundation for any professional who wishes to develop a level of expertise in this area.