Tony DeSanctis

For the first time, RDFIs will have a defined role in monitoring ACH payments they receive. This significant development, approved by Nacha members, aims to combat fraud, including business email compromise (BEC), associated with credit-push payments. As Jane Larimer, Nacha President and CEO, points out, "All participants in the ACH Network have a part to play in reducing the incidence of fraud and recovering when fraud has occurred." Learn more in our April 2024 Innovating Payments Executive Summary— Nacha Rules Take Aim at Credit-Push Fraud: https://lnkd.in/ezsgudgX. Plan to join Sean Carter, AAP, APRP, Mark J. Dixon, CTP, AAP, APRP, NCP, Mary Morrison, AAP, APRP, NCP, CAMS, and Patty Presta for a comprehensive two-part series, "Diving Into the Operation Impact of the New ACH Rules," on May 31 and June 07, 2024, where they will delve into the implications of these new rules, offering insights on implementation, procedures, policy updates, audits, risk assessments, and organizational engagement. 🔍 Curious about engaging with third-party providers? 📝 Wondering about new procedures and policy updates? 🤔 Unsure about ACH audits or risk assessments? Get the answers by registering for Diving Into the Operation Impact of the New ACH Rules: https://lnkd.in/e7y73DN2 #ACH #FinancialServices #FraudPrevention #RegulatoryCompliance #ProfessionalDevelopment

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BaZing isn't a new flashy solution to community FIs' challenges. It's a proven way to rethink checking accounts that deliver to customers/members and in turn encourage them to develop deeper relationships with their #communitybank or #creditunion. It's a pragmatic, proven solution to grow earnings and boost primacy within the current structure of your FI. #banks #banking

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"Growing deposits and increasing operational efficiency are top priorities for community and regional financial institutions, according to Jack Henry’s sixth-annual survey of bank and credit union CEOs." #ownersrepresentative #financialinstitution #creditunion #credituniondesign #bank #bankdesign #structurefirst

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The Consumer Financial Protection Bureau expanded the scope of the 1033 rule to include payment apps, provides for some secondary uses of data, and extends the timeline for compliance. For daily news and analysis subscribe to the https://lnkd.in/grcK6QEX newsletter. #Payments #Finance #Fintech

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Losing key staff members can feel like a gut punch—especially when they’re critical to your credit union’s success (and your sanity). But what if you could do more with less people? Shastic’s AI-Workflow-Automation boosts efficiency by streamlining tasks that slow down your lending process. When you’re short-staffed, our platform helps fill the gap so you can keep delivering the quality service your members expect. Want to see how we fill the gap? Reach out! https://hubs.ly/Q02V_wf40 #AI #RPA #Banking #CreditUnion #Lending #AIWorkflowAutomation #WorkflowAutomation #Efficiency #Loan #Fintech #PeopleHelpingPeople

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When it comes to harnessing data, small community banks and credit unions often find themselves at a disadvantage. There's fragmented data, limited resources to dedicate, burdens of regulatory compliance, and often heavy learning curves to adopt new tools. Additionally, in the world of banking, they're often not prioritized over larger institutions. Sonder solves that. Read our whitepaper at https://sonderlabs.io/ and explore how your institution can transform challenges into opportunities with the power of data! #DataDrivenFinance #FinancialInnovation #CommunityBanking #CreditUnions

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