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$650.00 USD
Recording Date(s): June 2025
Cost in Education Club tokens: 4 tokens
Speaker(s): Various Payment Association Staff Members
Length: 2+ hours
Description: Effectively managing payments risk is crucial for organizations that provide payment services. The first session provides a comprehensive overview of Enterprise Risk Management (ERM) and internal controls. Learn what internal controls are, their objectives, and how they align with organizational goals. We’ll explore the COSO Framework, including the Three Lines of Defense model, the COSO Focused Framework, and the COSO ERM Integrated Framework. This session also examines the control environment and emphasizes various types of risk assessments as critical components of a successful ERM strategy. Building on the foundational concepts, the second session dives into the practical application of controls. We'll review types of policy and procedural controls, financial controls, and technical controls used to mitigate risk. Attendees will gain insight into specific control strategies by payment type, including checks, ACH, cards, and wholesale funds transfers. The webinar concludes with an interactive group discussion to analyze real-world scenarios and evaluate appropriate controls for each.
Important Note: This content is part of the 2025 Accredited Payments Risk Professional (APRP) Exam Prep Series and may therefore include references to other webinars in the series, as well as study resources provided by Nacha for those enrolled in the APRP Exam.
Continuing Education Credits: 2.8 AAP/APRP CECs total
Additional Information:
Cost in Education Club tokens: 4 tokens
Speaker(s): Various Payment Association Staff Members
Length: 2+ hours
Description: Effectively managing payments risk is crucial for organizations that provide payment services. The first session provides a comprehensive overview of Enterprise Risk Management (ERM) and internal controls. Learn what internal controls are, their objectives, and how they align with organizational goals. We’ll explore the COSO Framework, including the Three Lines of Defense model, the COSO Focused Framework, and the COSO ERM Integrated Framework. This session also examines the control environment and emphasizes various types of risk assessments as critical components of a successful ERM strategy. Building on the foundational concepts, the second session dives into the practical application of controls. We'll review types of policy and procedural controls, financial controls, and technical controls used to mitigate risk. Attendees will gain insight into specific control strategies by payment type, including checks, ACH, cards, and wholesale funds transfers. The webinar concludes with an interactive group discussion to analyze real-world scenarios and evaluate appropriate controls for each.
Important Note: This content is part of the 2025 Accredited Payments Risk Professional (APRP) Exam Prep Series and may therefore include references to other webinars in the series, as well as study resources provided by Nacha for those enrolled in the APRP Exam.
Continuing Education Credits: 2.8 AAP/APRP CECs total
Additional Information:
- Upon completion of the purchase, the purchaser will be immediately prompted to download a PDF or zip file. Each PDF will contain a link to view the purchased webinar(s). Access to the recorded webinar(s) is limited to 60 days following the purchase.
- UMACHA is required to collect Sales & Use tax, in addition to Municipal tax (city tax), on the services that are provided in the state of South Dakota, and recorded webinars in the state of Minnesota.