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In November of 2009 the Federal Reserve made final their proposed changes to Regulation E regarding overdrafts. The primary intent of these changes is to ensure that consumers are willing participants in a bank`s overdraft program as it relates to ATM and selected debit card transactions.

In addition to consumer compliance issues, the regulatory changes impose significant technological challenges on banks, their core software vendors, and their card processing partners. Selected requirements include additional detail as to the source and disposition of transactions, new requirements for interactive communication via local and network ATM channels, and new notification and reporting requirements for electronic transactions.

This Tele-Web Seminar will address and explain the technology requirements of the changes, discuss their potential implications, and provide guidance to banks as they interface with their technology providers to assess their efforts toward compliance.

Why Participate?

Participants will gain the knowledge necessary to properly manage their vendor relationships to ensure that full compliance with the regulation is achieved prior to the July 1, 2010 deadline.

Highlights

• Internal System Changes Required: transaction codes, processing routines
• Core Vendor Planned Changes
• ATM/Debit Network Planned Changes
• Vendor Management: potential for vendors to charge for enhancements

Audience

Senior management, IT auditors, risk managers, compliance officers, IT and operations staff.

Presenter

Trent Fleming was a pioneer in the introduction of check imaging technology to the community bank market, working as a consultant with hundreds of banks in the selection, implementation, and management of image P.O.D, archive, and statement systems. One key to this success is Fleming`s ability to assist banks in training employees and educating customers about the benefits of products and services. He has consulted with banks on matters as diverse as strategic planning, business continuity, and operational efficiency. His background includes correspondent banking, regulatory compliance, and industry experience as a sales operations executive with two large banking software vendors. Mr. Fleming`s presentations on technology, management, and strategy consistently get the highest marks from his audiences. He has served on the faculty of several graduate banking schools and regularly contributes articles to industry publications.