the payments institute 2016 brochure

The Payments Institute July 17-20, 2016Emory Conference Center Hotel • Atlanta, GA

Payment Innovations & Technologies

LectureHalls

Master’sProgram

GeneralPayments System

Program

PaymentsRisk & Compliance

Program

AAP PrepSchool of

Study

The Payments Institute • Ramp Up Your Career2

The Payments Institute

Your organization depends on you staying ahead of the curve on emerging industry developments, disruptors and their impact on the ecosystem.

Digital currency. Cybersecurity. Faster payments. Same Day ACH. New innovations are announced weekly. The Payments Institute’s esteemed faculty explores these industry developments and the rules, regulations and business opportunities surrounding them.

You need intensive, customized education from a payments leader to stay on top of it.

As the trustee of the ACH Network, NACHA offers The Payments Institute to ensure you receive timely, thorough and relevant information taught by the foremost authorities in their areas.

The Payments Institute offers you the ability to tailor your learning to your career with a personalized curriculum.

The Payments Institute capitalizes on higher education techniques to offer courses that explore complex concepts and apply them to your organization. Build your schedule around what you need to know now and how it impacts your work. After enrolling in TPI, you may select courses from any non-Master’s Program classes.

Ramp Up Your CareerJuly 17-20, 2016Emory Conference Center Hotel • Atlanta, GA

www.nacha.org/PaymtInstit 3

Schools of Study

AAP PrepCourses parallel topics covered by the Accredited ACH Professional (AAP) exam: the NACHA Operating Rules, the ACH Network and other payment systems, technical and operational ACH requirements, risk management and government regulations

• 2016NACHA Operating Rules: What’s New? • ACHFileFormatting • AnatomyofanImage* • NEW!Audit&RiskAssessment101 • EssentialsoftheACHNetwork–PartI* • EssentialsoftheACHNetwork–PartII* • NEW! Exception Processing • Monday’sSoYouWanttoBeanAAP? • PaymentSystemsRegulations* • PrinciplesofRiskManagement* • NEW! Reclamation Mechanics • NEW! Time Frames & Authorization

Requirements • TopicsinRegulation:RegulationE • TopicsinRegulation:TheGreenBook • TopicsinRegulation:UCC4A • Tuesday’sSoYouWanttoBeanAAP? • SurveyofCardProducts&Clearing–PartI* • SurveyofCardProducts&Clearing–PartII* • SurveyofWireTransfers*

Payments Risk & ComplianceProgram enables a deep dive into core payments system risks, the rules and laws governing compliance, and emerging trends in fraud, fraud prevention and data security and privacy

• BestPracticesforVendorManagement • ComplianceLinesofDefense • ConceptsofBusinessContinuity • NEW! Cybercrime is Evolving. Are You? • PaymentSystemsRegulations* • PrinciplesofRiskManagement* • RiskfromtheOriginator’sPerspective • NEW! Same Day ACH: Recognize, Reduce

& Manage Risk • NEW! What Are Auditors & Examiners

LookingFor?

General Payments SystemsProgram offers a careful examination of the core payments systems: ACH, checks and image-based checks, debit and credit cards and wires

• NEW!ABCsofEMV • AnatomyofanImage* • ConceptsofTreasuryManagement • EssentialsoftheACHNetwork–PartI* • EssentialsoftheACHNetwork–PartII* • PrinciplesofGlobalPayments • StrategiesforMarketing&Implementing

Products • SurveyofCardProducts&Clearing–PartI* • SurveyofCardProducts&Clearing–PartII* • SurveyofWireTransfers*

* These courses fall into more than one School of Study.

4 The Payments Institute • Ramp Up Your Career

Schools of Study

Lecture HallsLectureHallscomplementyoureducation and help you expand your knowledge on emerging topics

• IndustryUpdate:AViewfromtheFederal Reserve

• NEW! Industry Update: NACHA State of the Union

• NEW! Industry Update: Same Day and Real TimeasComplementarySystems–WhereAre We Going & How Soon Can We Get There?

• IntroductiontotheU.S.PaymentsEcosystem • NEW! Making the Most of Your TPI Experience

Payment Innovations & Technologies

Supplement your TPI education with a new specialization in Payment Innovations & Technologies

• NEW! Internet of Things: What Will the Future Bring?

• IntroductiontoMobile&DigitalBanking • NEW! Understanding Tokenization • UnderstandingVirtualCurrency

Master’s ProgramStudents explore the business strategies shaping payments today in applied sessions and practical, hands-on scenario planning. For a daily overview and detailed course offerings,pleaseseepage18

• AnatomyofaRegulation:RegulationE • AppliedRiskManagement • BuildingaBusinessContinuityProgram • NEW! Implementing and Advancing a

Risk Strategy • InnovationinResponsetoDisintermediation • PlanningfortheFutureofPayments • Private-SectorRulemaking,NACHA&

the Role of Government • NEW! Same Day ACH: Making the Decision

toOriginate • TheReachoftheFederalReserve • UnderstandingUDAAP

Limited seats are available. The Master’s Program is open to AAPs and TPI Alumni. Advanced enrollment in The Payments Institute 2016 and the Master’s Program is required. Contact Stephanie Prebish ([email protected]) for more information.

5www.nacha.org/PaymtInstit

Earn Continuing Education Credits ThePaymentsInstituteisaneffectivewaytoearnall20 AAP continuing education credits for the year. TPI also is approvedforupto21.6NCPcontinuingeducationcreditsfromECCHO.Inaddition,thestandardTPIprogramis approvedforupto27.1CTP/CCMrecertificationcredits andisapprovedforupto9.9FP&Arecertificationcredits by the Association for Financial Professionals. TPI’s Master’s Programisapprovedforupto18.6CTP/CCMrecertificationcreditsandapprovedforupto7.2FP&Arecertification credits by the Association for Financial Professionals.

Daily Overview

Sunday, July 17

10:30a.m.–5:30p.m. Registration, Information & Faculty Counseling

12–12:25p.m.LectureHall: Making the Most of Your TPI Experience

12:25–1:30p.m.LectureHall: Introduction to the U.S. Payments Ecosystem

1:30–2p.m. Break

2–4p.m. Classes

4–4:15p.m. Break

4:15–5:30p.m. Classes

5:35 p.m. Class Picture

5:45–6:45p.m.

OpeningReceptionSponsored by the Regional Payments Associations

6:45p.m. Dinner

Monday, July 18

6:30–8:15a.m. Breakfast


8:15–9:45a.m.LectureHall: Industry Update: A View from the Federal Reserve

9:45–10a.m. Break

10a.m.–12p.m. Classes

12–1:15p.m. Lunch


2:45–3p.m. Break

3–4:30p.m. Classes

4:30–5p.m. Scholarship Recipient Mixer

5 p.m. Dinner on your own


Daily Overview

Tuesday, July 19


7:30a.m.–5p.m. Registration & Information

8:15–9:45a.m.LectureHall: Industry Update: NACHA State of the Union

9:45–10a.m. Break

10a.m.–12p.m. Classes

12:15–1:15p.m.Lunch&Learn: What Does It Mean to be an NCP?


2:15–2:30p.m. Break



4:45–5:45p.m.

Tuesday Night SocialSponsored by the Regional Payments Associations

5:45p.m. Dinner

Wednesday, July 20


7:30a.m.–1:30p.m. Registration & Information

8:15–9:45a.m.

LectureHall: Industry Update: Same Day and Real Time as Complementary Systems– Where Are We Going & How Soon Can We Get There?

9:45–10a.m. Break

10–11:30a.m. Classes

11:30a.m.–12:30p.m. Lunch



2:50–3:15p.m. Commencement Exercises


Sunday, July 17Making the Most of Your TPI Experience12-12:25p.m.• FundamentalJoinTPI’sDean,UmaWilson,andDeanEmeritus,RichOliver,forthis introduction to The Payments Institute and how to make the most of your time here. Students take away a roadmap for success, including tips on how you can work to improve yourself and your organization from the knowledge you will gain while in Atlanta.

INSTRUCTORSRichard R. OliverIndependent ConsultantTPI Dean Emeritus

Uma Wilson, AAP, CTPSVP&DirectorofProductManagementUMB Bank, N.A.Dean,2016TPIBoardofRegents

Introduction to the U.S. Payments Ecosystem12:25-1:30p.m.•FundamentalThis opening lecture introduces students to the U.S. payments system and explains how payments work within and across channels through various participants. Topics covered include ACH, wire, check, card, cash and treasury management. Networks, nuances, rules and participants’ roles and responsibilities also are discussed. Students learn how payments move, what regulatory bodies affect each payment type, and how payments clear andsettle.Thislevel-settingcoursegivesstudentsafirmfoundationaboutthe payments ecosystem.

INSTRUCTORRichard R. OliverIndependent ConsultantTPI Dean Emeritus

Principles of Global Payments2-4p.m.• IntermediateStudents gain a fundamental understanding of the global payments landscape. Topics include payment schemes, channels, instruments, relevant entities and foreign exchange. Students leave with a solid understanding of how global payments are facilitated in support of international commerce and trade.

INSTRUCTORCasey H. WilcoxHead of FI Sales, Business Development EarthportPLC

Principles of Risk Management2-4p.m.• FundamentalThis course introduces students to foundational risk management principles in the payments industry. The instructor discusses risk management across check, wire transfer, ACH and card payment channels, as well as disaster recovery and contingency planning. Students will come to understand core components of enterprise risk, such as risk management life cycles, key terms and risk mitigation business drivers.

INSTRUCTORNorman K. Robinson, AAP, CTPPresident&CEOEastPay, Inc.

Course Descriptions


Course Descriptions

Sunday, July 17Essentials of the ACH Network – Part I2-4p.m.• FundamentalThis course introduces students to the ACH Network and ACH payments. The instructor reviews functionality to support payments and information, key attributes, and funds flow for debit and credit entries. Students learn how Standard Entry Class (SEC) Codes are used for Direct Deposit and Direct Payment via ACH, consumer and corporate payments and non-payment entries. Participant roles and responsibilities are explored.

INSTRUCTORAnne Witherspoon, AAP, CTPSeniorVicePresidentTexas Capital Bank

Cybercrime is Evolving. Are You?4:15-5:30p.m.•IntermediateEvery year we hear more and more stories about cyberattacks. The threats are increasing and the attacks more frequent. Is your organization doingeverythinginitspowertoprotectitselfanditscustomers?Learnhow to build up your defenses, making them as impenetrable as possible against cybercrime. Students work in groups to share insights and brainstorm on ways to mitigate cybercrime risks to better understand what their organizations can do differently.


Strategies for Marketing & Implementing Products4:15-5:30p.m.•IntermediateMakingthedecisiontoofferanewproductorserviceismerelythefirst steponalongroad.Determiningthefeaturesandbenefitsoftheproductis essential, but selling the product is the key to its success. Students learn to examine the steps for product and service implementation while examining key attributes of marketing strategy and how to take advantage of tools available to assist in delivering this product to the organization. This interactive course provides examples of products ready for implementation, and students will have the opportunity to work together to build a rollout plan.

INSTRUCTORElizabeth Cronenweth, AAP, CTPSVP,SegmentRiskManagerHuntington National Bank

Introduction to Mobile & Digital Banking4:15-5:30p.m.•IntermediateMobileanddigitalpaymentsofferfinancialinstitutions,businesses and solution innovators tremendous opportunity to engage, enable and transact with customers in new ways. As new technologies, risks and players are infused into the mix, business models are evolving and customer expectations and behavior are changing. Related business decisions are becoming even more consequential. Students in this workshop delve into the burgeoning mobile and digital payments ecosystem while examining concepts such as tokenization and new entrants into the mobile payments marketplace. They emerge with a solid understanding of the players, approaches and opportunities in the mobile and digital banking world.

INSTRUCTORPeter A. Davey, AAPVP,PaymentStrategy&Industry- Enterprise PaymentsCapitalOne


Course Descriptions

Monday, July 18Industry Update: A View from the Federal Reserve8:15-9:45a.m.•IntermediateAs overseer of payments systems, the Federal Reserve undertakes various studies and engages diverse audiences to better understand industry trends and needs, educate payment system participants, and inform its own strategies. With this vast pool of quantitative and qualitative data, the Federal Reserve has also articulated a strategic vision for improving the U.S. payments system in collaboration with the private sector. In this lecture, an executive from the Federal Reserve Bank takes students on a journey to discover the dynamics at work in the payments space today, understand the implications and opportunities, and explore what it means for the future.

INSTRUCTORCheryl L. VenableSVP,RetailPaymentsProductManager Federal Reserve Bank of Atlanta

Essentials of the ACH Network – Part II10a.m.-12p.m.• IntermediateStudents gain a deeper understanding of complex concepts and nuances in the NACHA Operating Rules that relate to payment origination and receipt, risk management, rules, compliance, enforcement and exception processing. Faculty explore operational, legal and business aspects of the Rules, and offer insights into best practices, paying special attention to warranties, liabilities and responsibilities surrounding ACH participation. Students also learn to draw distinctionsbetweencommercialandconsumerconsiderations,exploreODFIand RDFI perspectives, and discuss the use of third parties.

INSTRUCTORGai C. Craig, AAP, CTPExecutiveVicePresident,AssociationServicesPaymentsFirst, Inc.

Understanding Virtual Currency10a.m.-12p.m.•IntermediateVirtualcurrenciessuchasBitcoinareemergingasacommonpayment mechanism for transactions. In this course, students gain insight into how virtualcurrencyiscreatedandused,thebenefitsofsettingupavirtual payment product, and the possible risks users may face.

INSTRUCTORPeter A. Davey, AAPVP,PaymentStrategy&Industry- Enterprise PaymentsCapitalOne

Concepts of Business Continuity10a.m.-12p.m.•IntermediateResponsesto9/11anddisasterslikeHurricaneSandychangedthe paymentslandscapeinthewayfinancialinstitutions,corporationsand government entities react to crises. While these were not easy ways to learn lessons, they were learned nonetheless. What processes and contingencies have been implemented in the years since these events? What is being done now to ensuretheproblemsencounteredoverthelastdecadedonotresurface?Learnwhat you should and must do to ensure that you are not the weakest link. Disasters are short-term, but your organization’s reputation and business vitality are long-term.

INSTRUCTORNell Campbell-Drake, AAPVicePresidentFederal Reserve Bank of Atlanta


Course Descriptions

Monday, July 18Survey of Wire Transfers1:15-2:45p.m.• IntermediateThis course introduces students to the primary wire transfer systemsintheU.S.–theFederalReserveBank’sFedwireFundsTransfer 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) systemsandtheSWIFTinternationalfinancialmessagingnetwork.Studentsgain an understanding of the key attributes, capabilities, uses and developments in wire transfers.

INSTRUCTORStephen Wojciechowicz, AAP, CTPDirectorDeutsche Bank Trust Company Americas

Time Frames & Authorization Requirements1:15-2:45p.m.•IntermediateIt may seem like a no-brainer, but the requirements surrounding time frames and authorizations change with almost every SEC Code. It is easy to get confused. As part of your AAP Exam preparations, you need to understand these differences and ultimately be able to recall them as quickly as possible. With guidance from the professor, this interactive class offers students the ability to work in groups to brainstorm the best ways to retain this informationsoyouaremorethanreadytositforthetestinOctober.


Understanding Tokenization1:15-2:45p.m.•IntermediateTokenization substitutes a limited-use random number, or digital token, for the customer’s account number during the transaction. While not a new concept in the payments space, its role as part of a comprehensive security strategy is gaining attention and importance with changes in technology and the proliferation of smart devices. Typically associated with card payments, the potential application of tokenization for DDA-based payments is being explored actively within the industry for ACH and real-time payments. This course provides attendees a primer on tokenization for payments, examining whatitisandwhatitisnot,howitfitsintoabroadersecurityspectrum, and what lies ahead for the industry.

INSTRUCTORJarrett HelmsDirector, Digital Payments ProductsThe Clearing House Payments Authority

Monday’s So You Want to Be an AAP?3-4:30p.m.•FundamentalEnd your day with this daily workshop designed for the aspiring AccreditedACHProfessional(AAP).LedbyAAPsfromtheBoardof Regents, this interactive learning experience features exam preparation tips and a forum for AAP candidates to ask questions about subject matter covered in the courses they attended each day. In addition to exercises, Monday’s course contains information about electronic testing and registering for the exam. Students who have registered for or are considering sitting for the AAP exam are encouraged to attend.

INSTRUCTORSModerated by Board of Regents Members


Course Descriptions

Monday, July 18Risk from the Originator’s Perspective3-4:30p.m.•IntermediateIt is imperative that all participants in the ACH payment cycle understand the risks inherent to their role. To clearly assess risk, OriginatorsmustunderstandtheirrelationshipwiththeirODFIand their clients, the Receivers. They must also consider any third-party relationships, the importance of controlling technology and underwriting, and the current fraud environment. Students learn how to assess risk, howtocommunicatewiththeODFI,andwhyopenlinesofcommunicationsbetween parties are crucial to mitigate risk.

INSTRUCTORRuth A. Harpool, AAP, CTPManagingDirector,TreasuryOperationsIndiana University

Internet of Things: What Will the Future Bring?3-4:30p.m.•IntermediateAnalystspredictthatthenumberofconnecteddevicesby2020willbeinthe 10billionto50billionrange.It’sastaggeringnumber.Whetherit’saccurate or not, one needs to take notice. In a world driven by innovation and the need for speedy, constant connectivity, consumers and companies are shaping the future of all types of goods. How will the security of the data or the device be examined? This introductory class explains the “Internet of Things,” how it may affect us, and what it could mean for payments while looking at ways to stay innovative while not compromising on safety and security.

INSTRUCTORBrad Smith, AAPSenior Manager, Enterprise PaymentsCapitalOne


Course Descriptions

Tuesday, July 19Industry Update: NACHA State of the Union8:15-9:45a.m.• IntermediateJoinNACHA’sJaneLarimer,forthislookintotheinnerworkingsofNACHA.While reviewing its goals and strategic direction, she introduces students to the responsibilities and activities of NACHA as ACH Network administrator and industry association to foster the continued vibrancy and growth of the Network, education and support of Network participants, engagement of innovators,endusers,financialinstitutions,regulatorsandotherstakeholders,and the importance of NACHA’s relationship with the Regional Payments AssociationsanditsDirectFinancialInstitutionMembers.Larimerconcludeswith a glimpse into the future by discussing what attributes and functionalities areneeded10yearsfromnowtoensuretheNetworkcontinuestoaddvalue tofinancialinstitutions,solutionsproviders,businessesandconsumers.

INSTRUCTORJane E. LarimerEVP,ACHNetworkAdministration & General CounselNACHA - The Electronic Payments Association

Payment Systems Regulations10a.m.-12p.m.• IntermediateThis class introduces students to the “alphabet soup” of laws and regulations that govern payments. The purpose and scope of applicable laws and regulations are explored, as well as how they are administered and enforced. The course also examines how they intersect with private- sector operating rules. Students leave with reference tools important for any subsequent courses.

INSTRUCTORRichard M. FraherVP&CounseltotheRPOFederal Reserve Bank of Atlanta

Survey of Card Products & Clearing – Part I10a.m.-12p.m.• FundamentalA thorough examination of card networks helps students gain a comprehensive understanding of card-based payments and build a foundation for subsequent concepts.Basicdefinitionsandtermsarediscussed,asarecard-basedpaymentstatistics and their impact on the payments industry, including concepts such as interchange, signature, PIN-based debits and risk allocation.

INSTRUCTORGary YamamuraPresidentEdeptLLC


Course Descriptions

Tuesday, July 19Audit & Risk Assessment 10110a.m.-12p.m.• IntermediateThis course examines the requirements of the annual ACH audit, including both the operational and risk assessment guidelines. It also provides students with necessary information and insights to effectively perform both the ACH and risk assessment audits and to monitor compliance with the NACHA Operating Rules and other regulations. Walk away with an understanding of the functions that need to be audited, explore where noncompliance may represent increased risk, and assess potential liabilities.

INSTRUCTORMary M. Gilmeister, AAP, NCPPresidentWACHA - The Premier Payments Resource

Lunch & Learn: What Does it Mean to be an NCP?12:15–1:15p.m.BringyourlunchandlearnaboutECCHO’sNationalCheckProfessional (NCP)program.HearaboutthebenefitsofbecominganNCP,adescription oftheexamblueprint,andhowtopreparefortheexam.Ledbytwoofthe nation’sfirstNCPs,thisLunch&Learnprovidestimeforstudentstoget answers directly from the experts.

INSTRUCTORSMary M. Gilmeister, AAP, NCPPresidentWACHA - The Premier Payments Resource

Angie Smith, AAP, NCPSVP,ProfessionalDevelopmentEventsWestern Payments Alliance

Compliance Lines of Defense1:15-2:15p.m.• IntermediateInternal monitoring and compliance testing represent two lines of defense forfinancialinstitutionsandOriginators.Studentsinthiscourselearnhow to effectively manage these lines and comply with ever-changing compliance requirements.


Topics in Regulation: Regulation E1:15-2:15p.m.• IntermediateFaculty in this course provides a look into the Electronic Funds Transfer Act and Regulation E. Students learn the purpose of the regulation, requirements related to ACH, ATMs and disclosures, as well as review theRegulation,theofficialStaffCommentaryandtheActitself.

INSTRUCTORDuncan DouglassPartnerAlston&BirdLLP


Course Descriptions

Tuesday, July 19Survey of Card Products & Clearing - Part II1:15-2:15p.m.• IntermediateThis course provides a deeper dive into cards, examining how business models are changing with regards to emerging risks and fraud, technology and regulatory forces. Faculty discusses how these impact business lines, relationships, decision making and behavior. This course completes the foundation initiated in Part I for subsequent learning of card-based concepts.

INSTRUCTORGary YamamuraPresidentEdeptLLC

Concepts of Treasury Management2:30-3:30p.m.• IntermediateTreasury and cash management are central to corporate payments. Understanding the principles and tools of both is critical. Students delve into the reality of using treasury management services in today’s environment, and learn about current trends and developments. Global treasury issues and considerations, fraud prevention, and the risks associated with some services also are addressed.

INSTRUCTORUma Wilson, AAP, CTPSVP&DirectorofProductManagementUMB Bank, N.A.Dean,2016TPIBoardofRegents

Topics in Regulation: The Green Book2:30-3:30p.m.• IntermediateGovernment payment rules differ from the NACHA Operating Rules in waysthatcouldaffectafinancialinstitution’sliability.Thiscoursehelps students learn how to limit their institution’s liability by providing broad insight into such differences. Topics include the federal government’s mandate ofDirectDepositviaACHforallbenefitpayments;howfederalrulesdiffer from the NACHA Operating Rules;howtoenrollanaccountholdertoreceive governmentpayments;andhowtohandlegovernmentreclamationsand reports of non-receipt items. The instructor also reviews the handling of governmentreturns,DNEsandNOCsandpossibleliabilityforgovernment payments posted in error.

INSTRUCTORMatthew Helfrich, AAPSenior Program AnalystU.S. Department of the Treasury, Bureau of the Fiscal Service

Best Practices for Vendor Management2:30-3:30p.m.• IntermediateThere is inherent risk throughout the payments space, especially when working outside of your organization. This course dives into the current practices of vendor management, the risks associated with those relationships, current contacts and how the relationships between organizations and their vendors are evolving. Students understand how something as routine as a business agreement could really impact these relationships.

INSTRUCTORRuth A. Harpool, AAP, CTPManagingDirector,TreasuryOperationsIndiana University


Course Descriptions

Tuesday, July 19Anatomy of an Image3:45-4:45p.m.• FundamentalAlthough the use of electronic payments is ascending, check imaging has proven its viability. This course explores different types of negotiable instruments and the products and systems that support them. Images are discussed in the context of participant roles, legal and rule frameworks, risk management and fraud.

INSTRUCTORAngie Smith, AAP, NCPSVP,ProfessionalDevelopmentEventsWestern Payments Alliance

Tuesday’s So You Want to Be an AAP?3:45-4:45p.m.• FundamentalEnd your day with this daily workshop designed for the aspiring AccreditedACHProfessional(AAP).LedbyAAPsfromtheBoardof Regents, this interactive learning experience features exam preparation tips and a forum for AAP candidates to ask questions about subject matter covered in the courses they attended each day. In addition to exercises, Tuesday’s course contains information about additional resources available to aspiring AAPs. Students who have registered for or are considering sitting for the AAP exam are encouraged to attend.

INSTRUCTORSModerated by Board of RegentsMembers


Course Descriptions

Wednesday, July 20Industry Update: Same Day and Real Time as Complementary Systems–Where Are We Going & How Soon Can We Get There?8:15-9:45a.m.• IntermediateIndustry leaders are pursuing complementary paths to move payments faster. NACHA is moving forward to implement ubiquitous Same Day ACH capability, beginningwithACHcreditsinSeptember2016.TheClearingHouseis developing and making preparations to deploy a real-time payments service. The Federal Reserve’s Faster Payments Task Force, which is engaging the industry as part of its Strategies for Improving the U.S. Payment System, continuesitseffortswithafinaldeliverableexpectedbyyear-end2016. Studentsinthiscourselearnhowthesecomplementaryvisionsfittogether tooffervalueforendusersandfinancialinstitutionsinavarietyof ways and opportunities for the future.


Topics in Regulation: UCC4A10-11:30a.m.• IntermediateArticle4AoftheUniformCommercialCoderequirescompliancefrom financialinstitutionsandcorporations,andtheirbusinessmodelscouldbe challengedbynoncompliancewiththeobligationsdefinedundertheCode. Students gain an overview of the Article, an understanding of how the UCC relates to NACHA Operating Rules,andthesignificancetofinancial institutions and their corporate clients.

INSTRUCTORPaul A. CarrubbaPartnerAdams&ReeseLLP

2016 NACHA Operating Rules: What’s New?10-11:30a.m.• FundamentalStudents in this course hear a comprehensive overview of newly implemented and upcoming NACHA Operating Rules amendments. Do you know the prominent points regarding entries for P2P payments? Are you well informed onevolvingODFImonitoringrequirements?Doyouhaveaclearpictureof when these changes go into effect so you can apply sound business practices for compliance? Students come away with a clear understanding of how the latest changes may affect their business.

INSTRUCTORAmy Leslie, AAPExecutive Director, Product ManagerJ.P. Morgan

ABCs of EMV10-11:30a.m.• IntermediateTheEMVstandardforcreditanddebitcardsisintendedtoprovide security and global interoperability. Already introduced in many countries outsidetheU.S.,domesticEMVwasimplementedinOctober2015.Inthis course,gaininsightsabouttheconceptofEMV,howitworks,whyitis useful to mitigate risk and fraud, and what to expect as the reality of EMVcontinuestoevolve.



Course Descriptions

Wednesday, July 20Reclamation Mechanics12:30-1:30p.m.• IntermediateYou have received a reclamation notice. It’s time to transfer the funds to the government, right? Not always. At least, not always the way you may think. This course helps you to understand that not all of the money in a Receiver’s account has to go back to the government while it is entirely possibleforittoapproachtheSocialSecurityAdministration,aswell.Learnhow to limit your liability, know what the risks are and how to resolve errors when the government’s automated process comes knocking.


What Are Auditors & Examiners Looking For?12:30-1:30p.m.• IntermediateThis course helps to prepare students for internal and external audits and examinations. Students gain a better understanding of recent FFIEC initiatives regarding cybersecurity assessments of community banks and credit unions. Discussion focuses on regulatory guidance and expectations, what to expect asaninstitution,currentindustryfindingsandbestpractices.

INSTRUCTORTony DaSilva, AAPSenior Technical ExpertFederal Reserve Bank of Atlanta

Same Day ACH: Recognize, Reduce & Manage Risk12:30-1:30p.m.• IntermediateSame Day ACH is coming soon! A ubiquitous Same Day ACH capability across the ACH Network offers new opportunities for all participants. But there are risks to be recognized and considered. Same Day ACH also allows forthefasterfixingofproblemswithenhancedreturnsandreversalprocesses.Learnaboutthetoolsandresourcesavailabletolessenyourexposure.This is a must-attend class so that you can fully understand and identify the potentialrisks,andlearnhowtobenefitfromvarioussituations.

INSTRUCTORSAmy Leslie, AAPExecutive Director, Product ManagerJ.P. Morgan


ACH File Formatting1:35-2:50p.m.• IntermediateACHoriginationbeginswithaproperlyformattedfile.Thiscoursefocuses on the intricacies of ACH Record Formats. Faculty takes students on a comprehensiveanddetailedtourofthe94charactersthatcomprisean ACH entry. Students also review Addenda Records and proper formatting, andexaminefieldpurposes,specificfieldvalues,andcommonlyexperienced problems. They will receive tips for optimizing ACH Network participation with a command of the bits and bytes of ACH.

INSTRUCTORJessica J. Trundley, AAPPayments Risk ExpertFederal Reserve Bank of Atlanta

Exception Processing1:35-2:50p.m.• IntermediateThis course helps students understand and address key exception situationsforACH,checks,wireandcardtransactionsfacedbyfinancial institutions and their customers. Students discover what constitutes an exception and explore possible causes and resolutions to common issues.

INSTRUCTORMary M. Gilmeister, AAP, NCPPresidentWACHA - The Premier Payments Resource


Master’s Program

The Payments Institute’s Master’s Program is for seasoned payments professionals wanting to explore the business strategies shaping payments today. As a Master’s Program student, you will contributetosessionsanddiscussionstodefinetheimpactofnewandemergingpayments,andparticipate in practical, hands-on scenario planning to mitigate risk in a changing environment. The Master’s Program provides you with a sharper skill set to better equip you to contribute to your organization and succeed in your career.

Limited seats are available. The Master’s Program is open to AAPs and TPI Alumni. Advanced enrollment in The Payments Institute 2016 and the Master’s Program is required. Students enrolled in the Master’s Program will attend each course in the Program. Contact Stephanie Prebish ([email protected]) for more information.

Sunday,July1710:30a.m.–5:30p.m. Registration, Information & Faculty Counseling

12–12:25p.m. LectureHall Making the Most of Your TPI Experience

12:25–1:30p.m. LectureHall Introduction to the U.S. Payments Ecosystem

1:30–1:45p.m. Break

1:45–2p.m. Master’s Program Introduction

2–3:30p.m. Class Planning for the Future of Payments

3:30–3:45p.m. Break

3:45–5:30p.m. Class Innovation in Response to Disintermediation

5:35 p.m. Class Picture

5:45–6:45p.m. OpeningReceptionSponsored by the Regional Payments Associations

6:45p.m. Dinner

Monday,July186:30–8:15a.m. Breakfast


8:15–9:45a.m. LectureHall IndustryUpdate:AViewfromtheFederalReserve

9:45–10a.m. Break

10–11:30a.m. Class The Reach of the Federal Reserve

11:30a.m.–1:15p.m. Master’sProgramLunch&Learn:TopicTBD

1:15–2:45p.m. Class Building a Business Continuity Program

2:45–3p.m. Break

3–4:30p.m. Class Applied Risk Management

4:30–5p.m. Scholarship Recipient Mixer

5 p.m. Dinner on your own


Tuesday,July197:30–8:15a.m. Breakfast

7:30a.m.–5p.m. Registration & Information

8:15–9:45a.m LectureHall Industry Update: NACHA State of the Union

9:45–10a.m. Break

10–11:30a.m. Class Private-Sector Rulemaking, NACHA & the Role of Government

11:30a.m.–1p.m. Lunch

1–2:30p.m. Class Understanding UDAAP

2:30–2:45p.m. Break

2:45–4:45p.m. Class Anatomy of a Regulation: Regulation E

4:45–5:45p.m. Tuesday Night Social Sponsored by the Regional Payments Associations

5:45p.m. Dinner

Wednesday,July207:30–8:15a.m. Breakfast

7:30a.m.–1:30p.m. Registration & Information

8:15–9:45a.m. LectureHall Industry Update: Same Day and Real Time as ComplementarySystems–WhereAreWeGoing& How Soon Can We Get There?

9:45–10a.m. Break

10–11:30a.m. Class Implementing & Advancing a Risk Strategy

11:30a.m.–12:30p.m. Lunch

12:30–1:30p.m. Class Same Day ACH: Recognize, Reduce & Manage Risk (class will be in Emory Amphitheater)

1:45–2:50p.m. Class SameDayACH:MakingtheDecisiontoOriginate

2:50–3:15p.m. Commencement Exercises


Master’s Program Course Descriptions

Sunday, July 17Making the Most of Your TPI Experience12-12:25p.m.• FundamentalJoinTPI’sDean,UmaWilson,andDeanEmeritus,RichOliver for this introduction to The Payments Institute and how to make the most of your time here. Students take away a roadmap for success, including tips on how you can work to improve yourself and your organization from the knowledge you will gain while in Atlanta.

INSTRUCTORSRichard R. OliverIndependent ConsultantTPI Dean Emeritus


Introduction to the U.S. Payments Ecosystem12:25-1:30p.m.• FundamentalThis opening lecture introduces students to the U.S. payments system and explains how payments work within and across channels through various participants. Topics covered include ACH, wire, check, card, cash and treasury management. Networks, nuances, rules and participants’ roles and responsibilities also are discussed. Students learn how payments move, what regulatory bodies affect each payment type, and how payments clearandsettle.Thislevel-settingcoursegivesstudentsafirmfoundation about the payments ecosystem.


Planning for the Future of Payments 2-3:30p.m.• AdvancedNever before has effective strategic planning been more important in the payments world. Yet, the ability to do it effectively is interrupted by the rapid, and frequently unpredictable, changes in the environment. This course proposes a contemporary strategic planning model and approach that maximizes the opportunity for long-term success.


Innovation in Response to Disintermediation 3:45-5:30p.m.• AdvancedAsthepaymentlandscapebecomesmoreandmorediverse,financial institutions must become increasingly agile to maintain a leadership role in payment processing. If they cannot meet the needs of a changing industry, non-financialinstitutionswillstepintofillthevoid.Newentrantsinto thepaymentsspacesuchasDwolla,Venmo,andApplePaycontinueto challenge the status quo of payments, impacting the banking industry as disintermediation occurs in the payment space. This course examines these new payment schemes and considers how innovation is necessary to remain in the payments landscape.

INSTRUCTORBrad Smith, AAPSenior Manager, Enterprise PaymentsCapitalOne


Monday, July 18Industry Update: A View from the Federal Reserve8:15-9:45a.m.• IntermediateAs overseer of payments systems, the Federal Reserve undertakes various studies and engages diverse audiences to better understand industry trends and needs, educate payment system participants, and inform its own strategies. With this vast pool of quantitative and qualitative data, the Federal Reserve has also articulated a strategic vision for improving the U.S. payments system in collaboration with the private sector. In this lecture, an executive from the Federal Reserve Bank takes students on a journey to discover the dynamics at work in the payments space today, understand the implications and opportunities, and explore what it means for the future.


The Reach of the Federal Reserve 10-11:30a.m.• AdvancedThe Federal Reserve Bank means much more to the ACH Network than simplybeinganACHOperator.Thepoliciesimplementedandresearch done have a profound effect on the Network and often influence what happens within the NACHA rulemaking process. Faculty in this course examines current happenings at the Fed. Discussion topics include readiness for Same Day ACH, other planned or potential changes to ACH and other payments services, and how the Fed decides to embark on studies that shape the payments world. Come hear directly from the source about what could be on the horizon.


Master’s Program Lunch & Learn 11:30a.m.–1:15p.m.• AdvancedGrabyourlunchandjoinfellowMaster’sProgramstudentsforaLunch &Learnonahottopicinpayments.TheLunch&Learntopicwillbe announced in May.

INSTRUCTORThe Lunch & Learn instructor will be announced in May.

Building a Business Continuity Program 1:15-2:45p.m.• AdvancedHaving a plan in place to ensure your organization is able to react to natural disasters and other emergencies is critical. Students in this course build a business continuity plan, focusing on elements such as off-site operations and recovery, management and mitigation strategies and business impact analysis.

INSTRUCTORNell Campbell-Drake, AAPVicePresidentFederal Reserve Bank of Atlanta

Applied Risk Management3-4:30p.m.• AdvancedThis course allows students to apply their knowledge to a series of case studiesonissuesrelatedtoriskmanagementfrombothfinancialinstitution and corporate practitioner viewpoints. Discussion includes a focus on enforcement and arbitration scenarios, as well as an examination of case study results.

INSTRUCTORNorman K. Robinson, AAP, CTPPresident&CEOEastPay, Inc.


Tuesday, July 19Industry Update: NACHA State of the Union8:15-9:45a.m.• IntermediateJoinNACHA’sJaneLarimer,forthislookintotheinnerworkings of NACHA. While reviewing its goals and strategic direction, she introduces students to the responsibilities and activities of NACHA as ACH Network administrator and industry association to foster the continued vibrancy and growth of the Network, education and support of Network participants, engagementofinnovators,endusers,financialinstitutions,regulatorsand other stakeholders, and the importance of NACHA’s relationship with the Regional Payments Associations and its Direct Financial Institution Members. Larimerconcludeswithaglimpseintothefuturebydiscussingwhatattributesandfunctionalitiesareneeded10yearsfromnowtoensuretheNetwork continuestoaddvaluetofinancialinstitutions,solutionsproviders, businesses and consumers.


Private-Sector Rulemaking, NACHA & the Role of Government 10-11:30a.m.• AdvancedPrivate-sector rulemaking provides the flexibility to promptly identify and respondtoparticipantrequirementsandnewtechnologies.Italsodefines insufficientdetailtherolesandresponsibilitiesofparticipantsintheACH Network. From this foundation, the NACHA Operating Rules promote innovation,efficiencyandinteroperability,whileprovidingsecurityand certainty regarding ACH payments. The growth of the Network has been enabled through NACHA’s inclusive rulemaking process, as well as its close cooperation with a broad variety of industry participants, governmental agencies and regulators. This course examines the process by which the Rules work in concert with applicable laws and regulations to provide a legal and business foundation for the use of electronic payments.





Tuesday, July 19Understanding UDAAP 1-2:30p.m.• AdvancedThis course provides an in-depth look at UDAAP (unfair, deceptive, or abusive acts or practices) including the explanation of what is considered anabusiveactorpractice,examplesofcasesandfines,andsomecase studies allowing students to determine if something is “unfair or deceptive” andifso,howthecasecouldberectified.

INSTRUCTORRichard M. FraherVP&CounseltotheRPOFederal Reserve Bank of Atlanta

Anatomy of a Regulation: Regulation E 2:45-4:45p.m.• AdvancedThis course delves into the Electronic Funds Transfer Act and the resulting Regulation E and the Dodd-Frank Act, which created the CFPB. Faculty explores the intricacies of both Acts and how the provisions impact business practices and product offerings.

INSTRUCTORDuncan DouglassPartnerAlston&BirdLLP


Wednesday, July 20Industry Update: Same Day and Real Time as Complementary Systems–Where Are We Going & How Soon Can We Get There?8:15-9:45a.m.• IntermediateIndustry leaders are pursuing complementary paths to move payments faster. NACHA is moving forward to implement ubiquitous Same Day ACH capability,beginningwithACHcreditsinSeptember2016.TheClearingHouseis developing and making preparations to deploy a real-time payments service. The Federal Reserve’s Faster Payments Task Force, which is engaging the industry as part of its Strategies for Improving the U.S. Payment System, continuesitseffortswithafinaldeliverableexpectedbyyear-end2016. Studentsinthiscourselearnhowthesecomplementaryvisionsfittogether tooffervalueforendusersandfinancialinstitutionsinavarietyofways and opportunities for the future.


Implementing & Advancing a Risk Strategy 10-11:30a.m.• AdvancedIn this course students review and analyze the components of an internal risk strategy, learning how to project costs and revenue, how to make decisions intended to protect their organization, and how to determinesuccessfactors.Together,studentsexplorethestrategicbenefits of implementing a risk strategy to their organization and their customers. Faculty imparts guidance on how to best present a strategy to their executive management and boards of directors.


Same Day ACH: Recognize, Reduce & Manage Risk 12:30-1:30p.m.• AdvancedSame Day ACH is coming soon! A ubiquitous Same Day ACH capability across the ACH Network offers new opportunities for all participants. But there are risks to be recognized and considered. Same Day ACH also allows forthefasterfixingofproblemswithenhancedreturnsandreversalprocesses.Learnaboutthetoolsandresourcesavailabletolessenyourexposure.Thisis a must-attend class so that you can fully understand and identify the potential risks,andlearnhowtobenefitfromvarioussituations.


Uma Wilson, AAP, CTPSVP&DirectorofProductManagementUMB Bank, N.A. Dean,2016TPIBoardofRegents

Note: Master’s Program students will attend this class with non-Master’s Program students

Same Day ACH: Making the Decision to Originate 1:45-2:50p.m.• AdvancedSameDayACHcreditsbecomeavailableinSeptember.Allfinancial institutions must be prepared to receive these items, but how do you decide if you will originate them? Developing a strategy to originate requiresexaminationfromboththeFIandOriginatorperspective.The ability to send and receive transactions as Same Day ACH items will providebenefitstomostparties.Willitbenefityou?Thiscourseprovides students with an idea of what should be considered when contemplating originating Same Day ACH transactions.


Uma Wilson, AAP, CTPSVP&DirectorofProductManagementUMB Bank, N.A. Dean,2016TPIBoardofRegents



Enrollment Tuition fees as follows:

NEW! Early Member (through May 20, 2016) $2,295Member (beginning on May 21, 2016) $2,495NEW!DirectFinancialInstitutionMember $2,095Nonmember $2,795AAP* $2,195

Enrollonlinetodayatwww.nacha.org/PaymtInstitorcompletethe TPI Enrollment Form and return it to NACHA. If you have questions or need more information, please call us at (703)561-1100.

*Must be an AAP in good standing to qualify for this special rate.

LodgingHotel accommodations at the Emory Conference Center Hotel are not included with tuition fees. Students are responsible for reserving and paying for their own hotel rooms at the Emory Conference Center Hotel. NACHA has negotiated a special room rate for students attendingThePaymentsInstitute2016.Theroomrateis$150 per night plus taxes and fees and the cut-off date is Monday, June27,2016.Allreservationsmustbeguaranteedwith a credit card. Students may reserve their rooms two ways:

• Onlineathttp://bit.ly/TPIHotel2016 • Calling1-800-933-6679andrequestNACHA’s

The Payments Institute group block.

We suggest making your reservations early as availability is not guaranteed. Cancellations must be made by 5 p.m. ET one day prior to the day of arrival to avoid any penalty fees.

Registration InformationMaster’s Program Course Descriptions

MealsMeals included with tuition begin with dinner on Sunday night through lunch on Wednesday, with the exception of dinner on Mondayevening.OnMondaynight,enjoythelocalflavorofAtlanta with a night out on the town.

Sponsorships

Interested in supporting The Payments Institute? Please contact Stephanie Clark ([email protected])

for2016sponsorshipopportunities.


Dean, 2016 TPI Board of Regents Uma Wilson, AAP, CTPSVP & Director, Product Management & DevelopmentUMB Bank, N.A.

Gai C. Craig, AAP, CTPExecutive Vice President, Association ServicesPaymentsFirst, Inc.

Robert Dael President & CEOMACHA – The Mid-Atlantic Payments Association

Ruth A. Harpool, AAP, CTPManaging Director, Treasury Operations Indiana University

Matthew Helfrich, AAPSenior Program AnalystU.S. Department of the Treasury, Bureau of the Fiscal Service

Amy Leslie, AAPExecutive Director, Product ManagerJ.P. Morgan

Jeremy D. Pritchard AAP, CTPSVP, Senior Treasury ProfessionalState Bank & Trust Company

Norman K. Robinson, AAP, CTPPresident & CEOEastPay, Inc.

Brad Smith, AAPSenior Manager, Enterprise PaymentsCapital One

Jessica J. Trundley, AAPPayments Risk ExpertFederal Reserve Bank of Atlanta

Anne Witherspoon, AAP, CTPSenior Vice PresidentTexas Capital Bank

Stephen Wojciechowicz, AAP, CTPDirector Deutsche Bank Trust Company Americas

ThePaymentsInstitute2016BoardofRegents

The Regional Payments Associations Regional Payments Associations (RPAs) provide ACH education, information andsupporttofinancialinstitutions,businesses,andotherNetwork participants. RPAs are a valuable resource regarding other payment systems. Eachofthe12RPAs,asaDirectMemberofNACHA,isaspeciallyrecognizedand licensed provider of ACH education, publications and support. RPAs also offer audit and risk assessment services, AAP test preparation and continuing educationcredits,marketingtoolsandguidance,andODFIcounseling.

NICE ActimizeNICEActimizesafeguardsthefinancialindustrybypreventing,detecting, andinvestigatingfinancialcrimes.Thecompany’ssolutionscoverAML,frauddetectionandfinancialmarketscompliance.Actimizeisuniquelypreparedforemerging faster payments. Its fraud solutions employ sophisticated analytics foracleargoal:Makingeveryfinancialinteractionsaferandfaster.

ThankYoutoOurSponsors

ThePaymentsInstitute2016ENROLLMENTFORM•July17–20,2016•EmoryConferenceCenterHotel•Atlanta,GA Enrollonlineatwww.nacha.org/PaymtInstit

Payment

Name ___________________________________________________________________

Title ____________________________________________________________________

Organization ____________________________________________________________

Address _________________________________________________________________

City ____________________________ State/Province ___________Zip ____________

Country_________________________________________________________________

Telephone _______________________ Fax ____________________________________

Email __________________________________________________________________

Badge Name _____________________________________________________________

Are you a member of an RPA? Member Discount Code (MDC) __________________

Please mail or fax form to: NACHA—The Electronic Payments Association, Attn. Accounting Department, 2550 Wasser Terrace, Suite 400, Herndon, VA 20171, USA, Fax 703-713-1641, Phone 703-561-1100o Wire TransferFor wire payment instructions, request information at [email protected] (include "Wire Payment Instructions" in the subject line of the email) or call +1 703-561-1100 and ask for the accounting department. Fax completed registration form to +1 703-713-1641.

o Check Enclosed is a check (made payable to NACHA) for $______________________.

Please note: Checks will be accepted only if written on U.S. dollar accounts drawn on U.S. banks.

o Payment by ACH Credit Date of Code: ____ / ______ / ______ (Credit must be submitted by registrant)

UPIC Routing Number: 021052053, Account Number: 59058945. Use CCD format for single enrollment; for multiple enrollments use CCD+ with type 05 Addenda Record. Complete in Batch Header Record: 1) Your Company Name, 2) Company Discretionary Data: registrant’s last name, first initial 3) Company Entry Description: TPI16. For multiple enrollments, in the Payment Related Information of the Addenda Record: registrants’ last name, first initial

o Credit Card: Please charge $_____________________ to my:

o Visa o MasterCard o Discover o American Express

Acct. # ________________________________________________________________________

Exp. Date ______________________ 3-4 digit security code ___________________________

Signature ______________________________________________________________________

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Tuition Fees

o $2,295 NEW: Early Member (through May 20, 2016)

o $2,495 Member

o $2,795 Nonmember

o $2,195 AAP*

o $2,095 NEW: Direct Financial Institution Member

*Must be a current AAP in good standing to qualify for this special rate.Please note tuition fee does not include housing.

Important Notice: Advance payment required. No invoices. Please complete a separate form for multiple students.

Cancellation Policy: Cancellation requests will not be accepted via telephone and must be submitted in writing through email at [email protected] or fax 703-713-1641. Refunds will be processed for the amount paid minus a $200 processing fee if the request is received by May 20, 2016. NO REFUNDS after May 20, 2016. Please ensure that you are registered at the proper rate and type: (e.g., Member/Nonmember). No refunds for rate adjustments, due to improper selection of registration type, will be made after June 27, 2016.

Special Needs: If you are disabled, require other special services, and/or medical or religious dietary restrictions, please send a written description of your needs via email to [email protected] at least 3 weeks prior to the meeting.

For more information, please contact NACHA Member Services at 800-487-9180 or [email protected].

2550WasserTerrace,Suite400

Herndon,VA20171

Phone(703)561-1100

Fax(703)713-1641

www.nacha.org

The Payments Institute by the Numbers:

• 6 targeted areas of concentration

• 20 AAP credits and/or CTP/CCM credits and/or NCP credits

• 51 thought-provoking courses

• 60 hours of education

• 100s of new industry connections

About NACHA—The Electronic Payments AssociationSince1974,NACHA–TheElectronicPaymentsAssociationhasservedastrusteeof the ACH Network, managing the development, administration and rules for thepaymentnetworkthatuniversallyconnectsall12,000financialinstitutionsin the U.S. The Network, which moves money and information directly from one bankaccounttoanother,supportsmorethan90percentofthetotalvalueofallelectronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitatestheexpansionanddiversificationofelectronicpayments,supportingDirect Deposit and Direct Payment via ACH transactions, including ACH credit anddebitpayments,recurringandone-timepayments;government,consumerandbusinesstransactions;internationalpayments,andpaymentsplus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visitnacha.orgformoreinformation.