Congratulations to the following SFE members who earned the Faster Payments Professional (FPP) Certificate: - Desiree Baird, VP Digital Banking & Treasury Management Specialist, Bank of Zachary, Zachary, LA - Kay O'Connell, AAP, FPPC, Quality Assurance Manager, Juniper Payments - A Velera Company, Wichita, KS - Rochanda Washington, Bank Officer, Treasury Management Specialist, Bank of Zachary Zachary, LA We are so proud of you! For more information on the FPP Certificate program visit https://lnkd.in/e9SWD-5r. #fasterpayments #instantpayments #afpp #fpp Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Dominic Plumeri, AAP, APRP David P. Catherine Bishop, AAP, APRP, NCP Sandra Parker
About us
Our mission is to provide leadership, education and innovative, cost-effective products and services for the mutual benefit of our members and their customers. We provide every member the latest information and highest quality payments-related training possible to reduce risk, expenses, and increase income. In addition to being the member resource for training and information, we are also committed to marketing the use of electronic payments; covering ACH, Card, Check, Wire and Faster Payment solutions. SFE advocates for the usage of the ACH Network as a solution for businesses wishing to leverage the use of the ACH as a tool for being even more competitive in the marketplace. We provide exceptional customer support, quality educational services, compliance services and active participation on industry initiatives, leveraging partnerships to strengthen our influence with industry stakeholders. Southern Financial Exchange, as a direct member of NACHA, is a specially recognized and licensed provider of ACH education, publications and support. Southern Financial Exchange is also directly engaged in the NACHA rulemaking process, the Accredited ACH Professional (AAP) program and the Accredited Payments Risk Professional (APRP) program. Look for the Mark of Excellence. It's your assurance of consistency and accuracy.
- Website
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http://www.sfe.org
External link for Southern Financial Exchange
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- New Orleans, Louisiana
- Type
- Nonprofit
- Founded
- 1976
Locations
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Primary
1340 Poydras St
New Orleans, Louisiana, US
Employees at Southern Financial Exchange
Updates
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The SFE Team of Pam Rodriguez, AAP, CIA, CISA and Catherine Bishop, AAP, APRP, NCP are representing at the Louisiana Credit Union League's -- now Luminate -- Annual Convention in New Orleans! Ready to chat all things #payments and armed with the #ACH rules from Nacha, Pam and Cathy are industry resources, so stop by our booth if you're onsite to learn the latest in payments, ask questions, find out more about our conference #callforspeakers, pick up some swag, and more. https://lnkd.in/ec3kHnJt Let the good times roll with payments! Danita Moss, AAP, NCP Dominic Plumeri, AAP, APRP David P. Sandra Parker
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We invite you to submit a proposal to speak at Digital Directions 2025! Our annual conference, Digital Directions, will be held April 14-16, 2025, at Perdido Beach Resort in Orange Beach, AL. With sessions, workshops, exhibits, and of course some fun, the event will serve as the premier venue for the latest on banking and payments news and research. And the call for speakers is now open! We are looking for fresh ideas, new research, interesting perspectives, solutions, or best practices around topics like payments trends, fraud, faster payments, banking regulations, and more. The deadline to submit is August 2, 2024. So, get your proposal in soon. https://lnkd.in/ec3kHnJt #payments #riskmitigation #compliance #fraudmitigation Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Dominic Plumeri, AAP, APRP David P. Catherine Bishop, AAP, APRP, NCP Sandra Parker
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SFE's Videos Illuminating Payments (VIP) Program provides virtual, on-demand training on a variety of topics from check fraud to FedNow and provides insights that get you ready for what's next. As Margo McElroy, AAP, First National Bank of Eastern Arkansas shared after taking the courses, "SFE’s educational platforms are always packed with lots of useful information. The Videos Illuminating Payments (VIP) series is no exception. These videos are packed with information surrounding “Faster Payments” that you can watch at your convenience. And who can resist Payments Professor "Kevin Olsen"'s unique way of making the mundane “FUN!” You can purchase the full training program or training by topic. Learn more and consider signing up today. https://lnkd.in/ektnBdBF
VIP Program
sfe.org
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We're thrilled to announce that we've partnered with ThreatAdvice to bring additional #fraud tools to SFE members. Financial fraud has posed significant challenges to institutions of all sizes. According to the Association of Certified Fraud Examiners, financial institutions in the U.S. reported over $4.2 billion in fraud losses in 2023 alone. The collaboration between ThreatAdvice and SFE aims to address this pressing issue by providing additional tools and resources to member institutions. For more information on our partnership, see the full press release here: https://lnkd.in/eRQQ8RPT. Members interested in learning more should email [email protected]. #fraudmitigation #payments Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Dominic Plumeri, AAP, APRP David P. Catherine Bishop, AAP, APRP, NCP Sandra Parker Starr Largin Karly Field
ThreatAdvice and Southern Financial Exchange Forge Partnership to Enhance Fraud Prevention for Financial Institutions
sfe.org
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Southern Financial Exchange reposted this
The Threat of Fraudulent Wire Transfers to Financial Institutions - Learn about the threat of fraudulent wire transfers to financial institutions and how cybercriminals use detailed tutorials to carry out unauthorized transactions, posing significant risks. https://hubs.li/Q02Hr4sl0
The Threat of Fraudulent Wire Transfers to Financial Institutions
fraudxchange.com
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With erroneous, duplicate, or unauthorized ACH entries, it can be hard to determine compliance responsibility and liability. For instance, consider this scenario: - The Originating Depository Financial Institution (ODFI) has initiated an erroneous, duplicate, or unauthorized entry by the Originator. - The ODFI is not made aware of the error within the Nacha Operating Rules timeframe to initiate a Reversing Entry. (A reversing entry must be initiated in a timely manner and made available to the Receiving Depository Financial Institution (RDFI) within five banking days after the Settlement Date of the Erroneous File.) - If it is beyond the timeframe to send a Reversing Entry (five banking days after the Settlement Date of the Erroneous File), the ODFI may ask the RDFI to return the entry R06 – Returned per ODFI’s request. What is the RDFI to do? - The RDFI is not required to comply with this request. - In fact, SFE recommends the RDFI consider the following before agreeing to the request: o Will the R06 return cause an overdraft? o Is the ODFI willing to send a letter of indemnity? o Does the return interfere with actions anticipated or in process? - From a business perspective, the answers to those questions will dictate whether the RDFI should accommodate the ODFI’s request. Effective, April 1, 2025, Nacha Operating Rules will allow ODFIs to request the return of an entry for any reason, and the RDFI will have an obligation to advise the ODFI of its decision or the status of the request within 10 banking days of receipt of the request. These new rules will be discussed in SFE’s September 18 training, “The Rules Have Changed. Have You?” featuring Nacha's Jordan Bennett, AAP, APRP and EFTBOP, LLC/Payliance's Diana Gunn, AAP, APRP Register today. https://lnkd.in/eAe3UWTv
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In today's dynamic payments landscape, it pays to stay on top of developments. But how do you get a quick snapshot of the most pressing emerging topics? Sometimes, it's just about knowing where to look. As Patricia Braswell, ACH Operations Supervisor at the Department of Corrections Credit Union recently said about our Videos Illuminating Payments (VIP) program, "Highly recommend the series Videos Illuminating Payments (VIP)! These mini videos give you the understanding of the functionality of the 'faster payment process,' as well as the benefit it can have for your organization. I’m so glad that SFE offers this means of education; it’s a wealth of knowledge. And P.S., they couldn’t have picked a better instructor than Payments Professor "Kevin Olsen"!!" Find out more about this on-demand series, featuring sessions on: - Payments Channels in the U.S. - FedNow Know Now - FedNow Prepare Now - Building a Faster Payments Strategy - What is Check Fraud Visit SFE.org. Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Catherine Bishop, AAP, APRP, NCP Dominic Plumeri, AAP, APRP David P. Sandra Parker
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We are so happy to announce Jones Walker LLP has joined SFE as an Affiliate Member! Jones Walker is among the largest 140 law firms in the United States. The firm is committed to providing a comprehensive range of legal services to money center banks and emerging companies doing business in the United States and abroad. We are thrilled to have you as a member of the SFE community. https://lnkd.in/epv-X3HA Pam Rodriguez, AAP, CIA, CISA Catherine Bishop, AAP, APRP, NCP Sandra Parker David P. Dominic Plumeri, AAP, APRP Danita Moss, AAP, NCP
Banking & Financial Services
joneswalker.com
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A huge welcome to ThreatAdvice as a new SFE Affiliate Member! ThreatAdvice offers fraud and cybersecurity solutions for FIs, including email fraud monitoring and real-time fraud reporting. Welcome to the SFE community! An added bonus for SFE members: We're going to be bringing additional member benefits your way! Keep an eye out for upcoming knowledge-sharing opportunities as a member benefit. https://lnkd.in/eAT9zne Starr Largin Karly Field Pam Rodriguez, AAP, CIA, CISA Catherine Bishop, AAP, APRP, NCP Sandra Parker David P. Dominic Plumeri, AAP, APRP Danita Moss, AAP, NCP
ThreatAdvice: Cyber Security Solutions and Fraud Detection
threatadvice.com