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July 23
Opening Accounts for Marijuana Businesses: CIP, CDD, Risk and Monitoring
Deborah Crawford

July 29
W-9, W-8BEN and W-8 BENE: IRS issues new forms and new rules;
Deborah Crawford

July 31
ACH Security Framework Rule - Small Rule, Big Implications;
Rayleen Pirnie

August 6
Part I
Flood Insurance: Requirements and Best Practices
A Two-Part Companion Webinar Series;
David Dickinson and Jerod Moyer

August 12
A to Z of Reg E;
Andy Zavoina



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#1190262 - 05/26/09 04:25 PM Debit or Credit Card Risk Assessment Doc
V F Offline
New Poster

Registered: 05/05/06
Posts: 5
Reaching out to anyone who has utilized a risk assessment for any of the referenced products and willing to share.

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Risk Management
#1204326 - 06/19/09 10:41 AM Re: Debit or Credit Card Risk Assessment Doc [Re: V F]
Skyline Offline
Platinum Poster

Registered: 09/08/05
Posts: 566
The risk assessment for implementing a debit card program researches types of risk that may impact the bank’s operations, security focuses, and even compliance with Regulation E. The group’s risk assessment under this scenario identifies the following risks:
• Obtaining compatible, reliable, affordable, security-oriented, effectively implemented, and regulatory compliant software.
• Keeping current with industry enhancements, regulatory changes, and software changes.
• Errors in or failure of software.
• Debit card disclosures and/or periodic statements that are inaccurate.
• Advertisements that are inaccurate.
• Vendor training/support that is inadequate.
• Internal training/support that is inadequate.
• Learning curve will push time limits of personnel and customer service will suffer.
• Employees will disregard the Regulation E requirements, resulting in violations.
• Board and management will be unaware of security and compliance requirements with debit card or have little understanding of them.
• Current bank procedures will not encompass Regulation E.
• The scope of internal or external audit will not include debit cards and related issues of Regulation E.
_________________________
CRCM, CLBB, AAP

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