IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Bank Regulatory Concerns with Peer-To-Peer (P2P) Payment Services: Zelle, Venmo, and other Applications (OnDemand Webinar)

$149.00

SKU: 410086EAU

Description

Understand the unique compliance risks associated with P2P services, and the steps financial institutions can take to mitigate these risks.Peertopeer (P2P) payment services present unique compliance obligations and risks for financial institutions and their customers. Financial institutions must comply with existing laws and private rule sets while balancing customer expectations of speed and convenience to remain competitive. These interests must be appropriately balanced to satisfy both legal compliance obligations and customer expectations. This presentation will explain how P2P payment services provide services, discuss the unique compliance risks associated with these services, and outline steps financial institutions can take to mitigate these risks.

Date: 2024-07-24 Start Time: End Time:

Learning Objectives

Overview

Structure of P2P Payment Services
• Private Technology Interface
• Underlying Flow of Funds

Overview of Applicable Laws and Rules
• Electronic Fund Transfer Act
• P2P Network Rules
• Payment Method Rules
• Federal and State UDA(A)P Laws
• Banking Agency Guidance Regarding Third-Party Risk Management

Errors and Fraud
• Definitions
• Investigation Obligations
• Tension Between Investigation Obligations and Consumer Protection Interests

Risk Mitigation Strategies
• Diligence of P2P Service Providers
• Agreements With P2P Service Providers
• Agreements With Customers, Including Disclosures
• Policies and Procedures

Questions and Answers

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Julia Dempewolf-Goodwin Procter LLP

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Bank Regulatory Concerns with Peer-To-Peer (P2P) Payment Services: Zelle, Venmo and other Applications (OnDemand Webinar)

$199.00

SKU: 406551EAU

Description

Gain insight into key regulatory issues within the different P2P services with regard to bank operations and potential bank liability.This topic will provide an overview of major persontoperson (P2P) payment services currently available in the marketplace, including bankpartner P2P services (Zelle, PopMoney) as well as standalone P2P services (Venmo and Google Pay) that still create transactions to accounts. You will learn about key regulatory issues and also discuss issues of error and fraud resolution within the different P2P services with regard to bank operations and potential bank liability. Finally, this information will highlight some key contractual provisions in bankpartner P2P services, and will discuss the potential impacts of realtime payments on P2P services.

Date: 2019-11-19 Start Time: End Time:

Learning Objectives

Overview of Major P2P Payment Services
• Zelle
• Popmoney (Fiserv)
• Google Pay
• Venmo (Paypal)

Regulatory Issues and Considerations
• Banking Regulations and Money Transfer Regulations
• Electronic Funds Transfer (EFT) Act and Regulation E
• UDAP (FTC) and UDAAP (CFPB) Issues
• CFPB Prepaid Rule and Application to P2P Platforms
• BSA/AML and OFAC Considerations

Fraud Issues and Considerations
• Error Resolution
• Unauthorized or Fraudulent Transaction Resolution
• Future of P2P and Real-Time Payments

Contractual Considerations for Direct Bank Partner P2P Services
• Complaint and Data Sharing
• Marketing

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Erin Fonte-Hunton Andrews Kurth LLP