The Payments Institute 2016 Brochure

The Payments Institute
July 17-20, 2016
Emory Conference Center Hotel • Atlanta, GA
Payment
Innovations &
Technologies
Lecture
Halls
Master’s
Program
General
Payments System
Program
Payments
Risk & Compliance
Program
AAP Prep
School of
Study

The Payments Institute • Ramp Up Your Career2
The Payments Institute
Your organization depends on you staying ahead of the curve
on emerging industry developments, disruptors and their
impact on the ecosystem.
Digital currency. Cybersecurity. Faster payments. Same Day ACH.
New innovations are announced weekly. The Payments Institute’s
esteemed faculty explores these industry developments and the rules,
regulations and business opportunities surrounding them.
You need intensive, customized education from a payments
leader to stay on top of it.
As the trustee of the ACH Network, NACHA offers The Payments
Institute to ensure you receive timely, thorough and relevant
information taught by the foremost authorities in their areas.
The Payments Institute offers you the ability to tailor your
learning to your career with a personalized curriculum.
The Payments Institute capitalizes on higher education techniques to
offer courses that explore complex concepts and apply them to your
organization. Build your schedule around what you need to know now
and how it impacts your work. After enrolling in TPI, you may select
courses from any non-Master’s Program classes.
Ramp Up Your Career
July 17-20, 2016
Emory Conference Center Hotel • Atlanta, GA

www.nacha.org/PaymtInstit 3
Schools of Study
AAP Prep
Courses parallel topics covered by the
Accredited ACH Professional (AAP) exam:
the NACHA Operating Rules, the ACH Network
and other payment systems, technical and
operational ACH requirements, risk management
and government regulations
• 2016 NACHA Operating Rules: What’s New?
• ACH File Formatting
• Anatomy of an Image*
• NEW! Audit & Risk Assessment 101
• Essentials of the ACH Network – Part I*
• Essentials of the ACH Network – Part II*
• NEW! Exception Processing
• Monday’s So You Want to Be an AAP?
• Payment Systems Regulations*
• Principles of Risk Management*
• NEW! Reclamation Mechanics
• NEW! Time Frames Authorization
Requirements
• Topics in Regulation: Regulation E
• Topics in Regulation: The Green Book
• Topics in Regulation: UCC4A
• Tuesday’s So You Want to Be an AAP?
• Survey of Card Products Clearing – Part I*
• Survey of Card Products Clearing – Part II*
• Survey of Wire Transfers*
Payments Risk Compliance
Program enables a deep dive into core
payments system risks, the rules and laws
governing compliance, and emerging trends
in fraud, fraud prevention and data security
and privacy
• Best Practices for Vendor Management
• Compliance Lines of Defense
• Concepts of Business Continuity
• NEW! Cybercrime is Evolving. Are You?
• Payment Systems Regulations*
• Principles of Risk Management*
• Risk from the Originator’s Perspective
• NEW! Same Day ACH: Recognize, Reduce
Manage Risk
• NEW! What Are Auditors Examiners
Looking For?
General Payments Systems
Program offers a careful examination of the
core payments systems: ACH, checks and
image-based checks, debit and credit cards
and wires
• NEW! ABCs of EMV
• Anatomy of an Image*
• Concepts of Treasury Management
• Essentials of the ACH Network – Part I*
• Essentials of the ACH Network – Part II*
• Principles of Global Payments
• Strategies for Marketing Implementing
Products
• Survey of Card Products Clearing – Part I*
• Survey of Card Products Clearing – Part II*
• Survey of Wire Transfers*
* These courses fall into more than one School of Study.

4 The Payments Institute • Ramp Up Your Career
Schools of Study
Lecture Halls
Lecture Halls complement your education
and help you expand your knowledge on
emerging topics
• Industry Update: A View from the Federal
Reserve
• NEW! Industry Update: NACHA State of
the Union
• NEW! Industry Update: Same Day and Real
Time as Complementary Systems–Where Are
We Going How Soon Can We Get There?
• Introduction to the U.S. Payments Ecosystem
• NEW! Making the Most of Your TPI Experience
Payment Innovations
Technologies
Supplement your TPI education with a new
specialization in Payment Innovations
Technologies
• NEW! Internet of Things: What Will the
Future Bring?
• Introduction to Mobile Digital Banking
• NEW! Understanding Tokenization
• Understanding Virtual Currency
Master’s Program
Students explore the business strategies
shaping payments today in applied sessions
and practical, hands-on scenario planning.
For a daily overview and detailed course
offerings, please see page 18
• Anatomy of a Regulation: Regulation E
• Applied Risk Management
• Building a Business Continuity Program
• NEW! Implementing and Advancing a
Risk Strategy
• Innovation in Response to Disintermediation
• Planning for the Future of Payments
• Private-Sector Rulemaking, NACHA
the Role of Government
• NEW! Same Day ACH: Making the Decision
to Originate
• The Reach of the Federal Reserve
• Understanding UDAAP
Limited seats are available. The Master’s Program
is open to AAPs and TPI Alumni. Advanced
enrollment in The Payments Institute 2016
and the Master’s Program is required. Contact
Stephanie Prebish (sprebish@nacha.org) for
more information.

5www.nacha.org/PaymtInstit
Earn Continuing Education Credits
The Payments Institute is an effective way to earn all 20
AAP continuing education credits for the year. TPI also is
approved for up to 21.6 NCP continuing education credits
from ECCHO. In addition, the standard TPI program is
approved for up to 27.1 CTP/CCM recertification credits
and is approved for up to 9.9 FPA recertification credits
by the Association for Financial Professionals. TPI’s Master’s
Program is approved for up to 18.6 CTP/CCM recertification
credits and approved for up to 7.2 FPA recertification
credits by the Association for Financial Professionals.
Daily Overview
Sunday, July 17
10:30 a.m.–5:30 p.m.
Registration, Information
Faculty Counseling
12–12:25 p.m.
Lecture Hall:
Making the Most of
Your TPI Experience
12:25–1:30 p.m.
Lecture Hall:
Introduction to the U.S.
Payments Ecosystem
1:30–2 p.m. Break
2–4 p.m. Classes
4–4:15 p.m. Break
4:15–5:30 p.m. Classes
5:35 p.m. Class Picture
5:45–6:45 p.m.
Opening Reception
Sponsored by
the Regional
Payments
Associations
6:45 p.m. Dinner
Monday, July 18
6:30–8:15 a.m. Breakfast
7:30 a.m.–4:30 p.m.
Registration, Information
Faculty Counseling
8:15–9:45 a.m.
Lecture Hall:
Industry Update: A View
from the Federal Reserve
9:45–10 a.m. Break
10 a.m.–12 p.m. Classes
12–1:15 p.m. Lunch
2:45–3 p.m. Break
3–4:30 p.m. Classes
4:30–5 p.m.
Scholarship
Recipient Mixer
5 p.m. Dinner on your own

Daily Overview
Tuesday, July 19
7:30 a.m.–5 p.m.
Registration
Information
8:15–9:45 a.m.
Lecture Hall:
Industry Update: NACHA
State of the Union
9:45–10 a.m. Break
10 a.m.–12 p.m. Classes
12:15–1:15 p.m.
Lunch Learn:
What Does It Mean to
be an NCP?
2:15–2:30 p.m. Break
4:45–5:45 p.m.
Tuesday Night Social
Sponsored by
the Regional
Payments
Associations
5:45 p.m. Dinner
Wednesday, July 20
7:30 a.m.–1:30 p.m.
Registration
Information
8:15–9:45 a.m.
Lecture Hall:
Industry Update: Same
Day and Real Time as
Complementary Systems–
Where Are We Going
How Soon Can We
Get There?
9:45–10 a.m. Break
10–11:30 a.m. Classes
11:30 a.m.–12:30 p.m. Lunch
12:30–1:30 p.m. Classes
2:50–3:15 p.m. Commencement Exercises

Sunday, July 17
Making the Most of Your TPI Experience
12-12:25 p.m. • Fundamental
Join TPI’s Dean, Uma Wilson, and Dean Emeritus, Rich Oliver, for this
introduction to The Payments Institute and how to make the most
of your time here. Students take away a roadmap for success, including
tips on how you can work to improve yourself and your organization
from the knowledge you will gain while in Atlanta.
INSTRUCTORS
Richard R. Oliver
Independent Consultant
TPI Dean Emeritus
Uma Wilson, AAP, CTP
SVP Director of Product Management
UMB Bank, N.A.
Dean, 2016 TPI Board of Regents
Introduction to the U.S. Payments
Ecosystem
12:25-1:30 p.m. • Fundamental
This opening lecture introduces students to the U.S. payments system
and explains how payments work within and across channels through
various participants. Topics covered include ACH, wire, check, card, cash
and treasury management. Networks, nuances, rules and participants’ roles
and responsibilities also are discussed. Students learn how payments move,
what regulatory bodies affect each payment type, and how payments clear
and settle. This level-setting course gives students a firm foundation about
the payments ecosystem.
INSTRUCTOR
Richard R. Oliver
TPI Dean Emeritus
Principles of Global Payments
2-4 p.m. • Intermediate
Students gain a fundamental understanding of the global payments
landscape. Topics include payment schemes, channels, instruments,
relevant entities and foreign exchange. Students leave with a solid
understanding of how global payments are facilitated in support
of international commerce and trade.
INSTRUCTOR
Casey H. Wilcox
Head of FI Sales, Business Development
Earthport PLC
Principles of Risk Management
2-4 p.m. • Fundamental
This course introduces students to foundational risk management
principles in the payments industry. The instructor discusses risk
management across check, wire transfer, ACH and card payment
channels, as well as disaster recovery and contingency planning.
Students will come to understand core components of enterprise risk,
such as risk management life cycles, key terms and risk mitigation
business drivers.
INSTRUCTOR
Norman K. Robinson, AAP, CTP
President CEO
EastPay, Inc.
Course Descriptions

Course Descriptions
Sunday, July 17
Essentials of the ACH Network – Part I
2-4 p.m. • Fundamental
This course introduces students to the ACH Network and ACH
payments. The instructor reviews functionality to support payments and
information, key attributes, and funds flow for debit and credit entries.
Students learn how Standard Entry Class (SEC) Codes are used for Direct
Deposit and Direct Payment via ACH, consumer and corporate payments
and non-payment entries. Participant roles and responsibilities are explored.
INSTRUCTOR
Anne Witherspoon, AAP, CTP
Senior Vice President
Texas Capital Bank
Cybercrime is Evolving. Are You?
4:15-5:30 p.m. • Intermediate
Every year we hear more and more stories about cyberattacks. The
threats are increasing and the attacks more frequent. Is your organization
doing everything in its power to protect itself and its customers? Learn how
to build up your defenses, making them as impenetrable as possible against
cybercrime. Students work in groups to share insights and brainstorm on
ways to mitigate cybercrime risks to better understand what their
organizations can do differently.
INSTRUCTOR
Texas Capital Bank
Strategies for Marketing
Implementing Products
Making the decision to offer a new product or service is merely the first
step on a long road. Determining the features and benefits of the product is
essential, but selling the product is the key to its success. Students learn to
examine the steps for product and service implementation while examining
key attributes of marketing strategy and how to take advantage of tools
available to assist in delivering this product to the organization. This interactive
course provides examples of products ready for implementation, and students
will have the opportunity to work together to build a rollout plan.
INSTRUCTOR
Elizabeth Cronenweth, AAP, CTP
SVP, Segment Risk Manager
Huntington National Bank
Introduction to Mobile Digital Banking
Mobile and digital payments offer financial institutions, businesses
and solution innovators tremendous opportunity to engage, enable and
transact with customers in new ways. As new technologies, risks and
players are infused into the mix, business models are evolving and customer
expectations and behavior are changing. Related business decisions are
becoming even more consequential. Students in this workshop delve into the
burgeoning mobile and digital payments ecosystem while examining concepts
such as tokenization and new entrants into the mobile payments marketplace.
They emerge with a solid understanding of the players, approaches and
opportunities in the mobile and digital banking world.
INSTRUCTOR
Peter A. Davey, AAP
VP, Payment Strategy Industry -
Enterprise Payments
Capital One

Course Descriptions
Monday, July 18
Industry Update: A View from the
Federal Reserve
8:15-9:45 a.m. • Intermediate
As overseer of payments systems, the Federal Reserve undertakes various
studies and engages diverse audiences to better understand industry trends
and needs, educate payment system participants, and inform its own strategies.
With this vast pool of quantitative and qualitative data, the Federal Reserve
has also articulated a strategic vision for improving the U.S. payments system
in collaboration with the private sector. In this lecture, an executive from the
Federal Reserve Bank takes students on a journey to discover the dynamics
at work in the payments space today, understand the implications and
opportunities, and explore what it means for the future.
INSTRUCTOR
Cheryl L. Venable
SVP, Retail Payments Product Manager
Federal Reserve Bank of Atlanta
Essentials of the ACH Network –
Part II
10 a.m.-12 p.m. • Intermediate
Students gain a deeper understanding of complex concepts and nuances
in the NACHA Operating Rules that relate to payment origination and receipt,
risk management, rules, compliance, enforcement and exception processing.
Faculty explore operational, legal and business aspects of the Rules, and offer
insights into best practices, paying special attention to warranties, liabilities
and responsibilities surrounding ACH participation. Students also learn to draw
distinctions between commercial and consumer considerations, explore ODFI
and RDFI perspectives, and discuss the use of third parties.
INSTRUCTOR
Gai C. Craig, AAP, CTP
Executive Vice President, Association Services
PaymentsFirst, Inc.
Understanding Virtual Currency
Virtual currencies such as Bitcoin are emerging as a common payment
mechanism for transactions. In this course, students gain insight into how
virtual currency is created and used, the benefits of setting up a virtual
payment product, and the possible risks users may face.
INSTRUCTOR
Peter A. Davey, AAP
VP, Payment Strategy Industry -
Enterprise Payments
Capital One
Concepts of Business Continuity
Responses to 9/11 and disasters like Hurricane Sandy changed the
payments landscape in the way financial institutions, corporations and
government entities react to crises. While these were not easy ways to learn
lessons, they were learned nonetheless. What processes and contingencies have
been implemented in the years since these events? What is being done now to
ensure the problems encountered over the last decade do not resurface? Learn
what you should and must do to ensure that you are not the weakest link.
Disasters are short-term, but your organization’s reputation and business
vitality are long-term.
INSTRUCTOR
Nell Campbell-Drake, AAP
Vice President

Course Descriptions
Monday, July 18
Survey of Wire Transfers
This course introduces students to the primary wire transfer
systems in the U.S. – the Federal Reserve Bank’s Fedwire Funds Transfer
System and the Clearing House Interbank Payment System (CHIPS). Topics
discussed include the role wire systems play in high-value, urgent payments,
and how these systems interplay with other Real-Time Gross Settlement (RTGS)
systems and the SWIFT international financial messaging network. Students
gain an understanding of the key attributes, capabilities, uses and developments
in wire transfers.
INSTRUCTOR
Stephen Wojciechowicz, AAP, CTP
Director
Deutsche Bank Trust Company Americas
Time Frames Authorization
Requirements
It may seem like a no-brainer, but the requirements surrounding time frames
and authorizations change with almost every SEC Code. It is easy to get
confused. As part of your AAP Exam preparations, you need to understand
these differences and ultimately be able to recall them as quickly as possible.
With guidance from the professor, this interactive class offers students the
ability to work in groups to brainstorm the best ways to retain this
information so you are more than ready to sit for the test in October.
INSTRUCTOR
Texas Capital Bank
Understanding Tokenization
Tokenization substitutes a limited-use random number, or digital token,
for the customer’s account number during the transaction. While not a new
concept in the payments space, its role as part of a comprehensive security
strategy is gaining attention and importance with changes in technology and
the proliferation of smart devices. Typically associated with card payments,
the potential application of tokenization for DDA-based payments is being
explored actively within the industry for ACH and real-time payments. This
course provides attendees a primer on tokenization for payments, examining
what it is and what it is not, how it fits into a broader security spectrum,
and what lies ahead for the industry.
INSTRUCTOR
Jarrett Helms
Director, Digital Payments Products
The Clearing House Payments Authority
Monday’s So You Want to Be an AAP?
End your day with this daily workshop designed for the aspiring
Accredited ACH Professional (AAP). Led by AAPs from the Board of
Regents, this interactive learning experience features exam preparation
tips and a forum for AAP candidates to ask questions about subject matter
covered in the courses they attended each day. In addition to exercises,
Monday’s course contains information about electronic testing and
registering for the exam. Students who have registered for or are
considering sitting for the AAP exam are encouraged to attend.
INSTRUCTORS
Moderated by Board of Regents
Members

Course Descriptions
Monday, July 18
Risk from the Originator’s Perspective
3-4:30 p.m. • Intermediate
It is imperative that all participants in the ACH payment cycle
understand the risks inherent to their role. To clearly assess risk,
Originators must understand their relationship with their ODFI and
their clients, the Receivers. They must also consider any third-party
relationships, the importance of controlling technology and underwriting,
and the current fraud environment. Students learn how to assess risk,
how to communicate with the ODFI, and why open lines of communications
between parties are crucial to mitigate risk.
INSTRUCTOR
Ruth A. Harpool, AAP, CTP
Managing Director, Treasury Operations
Indiana University
Internet of Things: What Will the
Future Bring?
3-4:30 p.m. • Intermediate
Analysts predict that the number of connected devices by 2020 will be in the
10 billion to 50 billion range. It’s a staggering number. Whether it’s accurate
or not, one needs to take notice. In a world driven by innovation and the need
for speedy, constant connectivity, consumers and companies are shaping the
future of all types of goods. How will the security of the data or the device
be examined? This introductory class explains the “Internet of Things,” how
it may affect us, and what it could mean for payments while looking at
ways to stay innovative while not compromising on safety and security.
INSTRUCTOR
Brad Smith, AAP
Senior Manager, Enterprise Payments
Capital One

Course Descriptions
Tuesday, July 19
Industry Update: NACHA State of
the Union
Join NACHA’s Jane Larimer, for this look into the inner workings of NACHA.
While reviewing its goals and strategic direction, she introduces students to
the responsibilities and activities of NACHA as ACH Network administrator
and industry association to foster the continued vibrancy and growth of the
Network, education and support of Network participants, engagement of
innovators, end users, financial institutions, regulators and other stakeholders,
and the importance of NACHA’s relationship with the Regional Payments
Associations and its Direct Financial Institution Members. Larimer concludes
with a glimpse into the future by discussing what attributes and functionalities
are needed 10 years from now to ensure the Network continues to add value
to financial institutions, solutions providers, businesses and consumers.
INSTRUCTOR
Jane E. Larimer
EVP, ACH Network Administration
General Counsel
NACHA - The Electronic Payments
Association
Payment Systems Regulations
This class introduces students to the “alphabet soup” of laws and
regulations that govern payments. The purpose and scope of applicable
laws and regulations are explored, as well as how they are administered
and enforced. The course also examines how they intersect with private-
sector operating rules. Students leave with reference tools important for
any subsequent courses.
INSTRUCTOR
Richard M. Fraher
VP Counsel to the RPO
Survey of Card Products
Clearing – Part I
10 a.m.-12 p.m. • Fundamental
A thorough examination of card networks helps students gain a comprehensive
understanding of card-based payments and build a foundation for subsequent
concepts. Basic definitions and terms are discussed, as are card-based payment
statistics and their impact on the payments industry, including concepts such
as interchange, signature, PIN-based debits and risk allocation.
INSTRUCTOR
Gary Yamamura
President
Edept LLC

Course Descriptions
Tuesday, July 19
Audit Risk Assessment 101
This course examines the requirements of the annual ACH audit,
including both the operational and risk assessment guidelines. It also
provides students with necessary information and insights to effectively
perform both the ACH and risk assessment audits and to monitor compliance
with the NACHA Operating Rules and other regulations. Walk away with
an understanding of the functions that need to be audited, explore where
noncompliance may represent increased risk, and assess potential liabilities.
INSTRUCTOR
Mary M. Gilmeister, AAP, NCP
President
WACHA - The Premier Payments Resource
Lunch Learn: What Does it Mean to be an NCP?
12:15–1:15 p.m.
Bring your lunch and learn about ECCHO’s National Check Professional
(NCP) program. Hear about the benefits of becoming an NCP, a description
of the exam blueprint, and how to prepare for the exam. Led by two of the
nation’s first NCPs, this Lunch Learn provides time for students to get
answers directly from the experts.
INSTRUCTORS
President
Angie Smith, AAP, NCP
SVP, Professional Development Events
Western Payments Alliance
Compliance Lines of Defense
Internal monitoring and compliance testing represent two lines of defense
for financial institutions and Originators. Students in this course learn how
to effectively manage these lines and comply with ever-changing compliance
requirements.
INSTRUCTOR
Topics in Regulation: Regulation E
Faculty in this course provides a look into the Electronic Funds Transfer
Act and Regulation E. Students learn the purpose of the regulation,
requirements related to ACH, ATMs and disclosures, as well as review
the Regulation, the official Staff Commentary and the Act itself.
INSTRUCTOR
Duncan Douglass
Partner
Alston Bird LLP

Course Descriptions
Tuesday, July 19
Survey of Card Products
Clearing - Part II
This course provides a deeper dive into cards, examining how business
models are changing with regards to emerging risks and fraud, technology
and regulatory forces. Faculty discusses how these impact business lines,
relationships, decision making and behavior. This course completes the
foundation initiated in Part I for subsequent learning of card-based concepts.
INSTRUCTOR
Gary Yamamura
President
Edept LLC
Concepts of Treasury Management
Treasury and cash management are central to corporate payments.
Understanding the principles and tools of both is critical. Students delve
into the reality of using treasury management services in today’s environment,
and learn about current trends and developments. Global treasury issues
and considerations, fraud prevention, and the risks associated with some
services also are addressed.
INSTRUCTOR
UMB Bank, N.A.
Topics in Regulation: The Green Book
Government payment rules differ from the NACHA Operating Rules in
ways that could affect a financial institution’s liability. This course helps
students learn how to limit their institution’s liability by providing broad
insight into such differences. Topics include the federal government’s mandate
of Direct Deposit via ACH for all benefit payments; how federal rules differ
from the NACHA Operating Rules; how to enroll an account holder to receive
government payments; and how to handle government reclamations and
reports of non-receipt items. The instructor also reviews the handling of
government returns, DNEs and NOCs and possible liability for government
payments posted in error.
INSTRUCTOR
Matthew Helfrich, AAP
Senior Program Analyst
U.S. Department of the Treasury, Bureau
of the Fiscal Service
Best Practices for Vendor Management
There is inherent risk throughout the payments space, especially when
working outside of your organization. This course dives into the current
practices of vendor management, the risks associated with those relationships,
current contacts and how the relationships between organizations and their
vendors are evolving. Students understand how something as routine as a
business agreement could really impact these relationships.
INSTRUCTOR
Indiana University

Course Descriptions
Tuesday, July 19
Anatomy of an Image
Although the use of electronic payments is ascending, check
imaging has proven its viability. This course explores different types
of negotiable instruments and the products and systems that support
them. Images are discussed in the context of participant roles, legal
and rule frameworks, risk management and fraud.
INSTRUCTOR
Angie Smith, AAP, NCP
SVP, Professional Development Events
Western Payments Alliance
Tuesday’s So You Want to Be an AAP?
End your day with this daily workshop designed for the aspiring
Accredited ACH Professional (AAP). Led by AAPs from the Board of
Regents, this interactive learning experience features exam preparation
tips and a forum for AAP candidates to ask questions about subject
matter covered in the courses they attended each day. In addition to
exercises, Tuesday’s course contains information about additional
resources available to aspiring AAPs. Students who have registered
for or are considering sitting for the AAP exam are encouraged to attend.
INSTRUCTORS
Moderated by Board of Regents
Members

Course Descriptions
Wednesday, July 20
Industry Update: Same Day and Real Time
as Complementary Systems–Where Are We
Going How Soon Can We Get There?
Industry leaders are pursuing complementary paths to move payments faster.
NACHA is moving forward to implement ubiquitous Same Day ACH capability,
beginning with ACH credits in September 2016. The Clearing House is
developing and making preparations to deploy a real-time payments service.
The Federal Reserve’s Faster Payments Task Force, which is engaging the
industry as part of its Strategies for Improving the U.S. Payment System,
continues its efforts with a final deliverable expected by year-end 2016.
Students in this course learn how these complementary visions fit together
to offer value for end users and financial institutions in a variety of
ways and opportunities for the future.
INSTRUCTOR
Jane E. Larimer
General Counsel
Association
Topics in Regulation: UCC4A
10-11:30 a.m. • Intermediate
Article 4A of the Uniform Commercial Code requires compliance from
financial institutions and corporations, and their business models could be
challenged by noncompliance with the obligations defined under the Code.
Students gain an overview of the Article, an understanding of how the UCC
relates to NACHA Operating Rules, and the significance to financial
institutions and their corporate clients.
INSTRUCTOR
Paul A. Carrubba
Partner
Adams Reese LLP
2016 NACHA Operating Rules:
What’s New?
10-11:30 a.m. • Fundamental
Students in this course hear a comprehensive overview of newly implemented
and upcoming NACHA Operating Rules amendments. Do you know the
prominent points regarding entries for P2P payments? Are you well informed
on evolving ODFI monitoring requirements? Do you have a clear picture of
when these changes go into effect so you can apply sound business practices
for compliance? Students come away with a clear understanding of how
the latest changes may affect their business.
INSTRUCTOR
Amy Leslie, AAP
Executive Director, Product Manager
J.P. Morgan
ABCs of EMV
10-11:30 a.m. • Intermediate
The EMV standard for credit and debit cards is intended to provide
security and global interoperability. Already introduced in many countries
outside the U.S., domestic EMV was implemented in October 2015. In this
course, gain insights about the concept of EMV, how it works, why it is
useful to mitigate risk and fraud, and what to expect as the reality of
EMV continues to evolve.
INSTRUCTOR
U.S. Department of the Treasury, Bureau
of the Fiscal Service

Course Descriptions
Wednesday, July 20
Reclamation Mechanics
You have received a reclamation notice. It’s time to transfer the funds
to the government, right? Not always. At least, not always the way you
may think. This course helps you to understand that not all of the money
in a Receiver’s account has to go back to the government while it is entirely
possible for it to approach the Social Security Administration, as well. Learn
how to limit your liability, know what the risks are and how to resolve
errors when the government’s automated process comes knocking.
INSTRUCTOR
U.S. Department of the Treasury,
Bureau of the Fiscal Service
What Are Auditors Examiners
Looking For?
This course helps to prepare students for internal and external audits and
examinations. Students gain a better understanding of recent FFIEC initiatives
regarding cybersecurity assessments of community banks and credit unions.
Discussion focuses on regulatory guidance and expectations, what to expect
as an institution, current industry findings and best practices.
INSTRUCTOR
Tony DaSilva, AAP
Senior Technical Expert
Same Day ACH: Recognize, Reduce
Manage Risk
Same Day ACH is coming soon! A ubiquitous Same Day ACH capability
across the ACH Network offers new opportunities for all participants. But
there are risks to be recognized and considered. Same Day ACH also allows
for the faster fixing of problems with enhanced returns and reversal processes.
Learn about the tools and resources available to lessen your exposure. This
is a must-attend class so that you can fully understand and identify the
potential risks, and learn how to benefit from various situations.
INSTRUCTORS
Amy Leslie, AAP
J.P. Morgan
UMB Bank, N.A.
ACH File Formatting
ACH origination begins with a properly formatted file. This course focuses
on the intricacies of ACH Record Formats. Faculty takes students on a
comprehensive and detailed tour of the 94 characters that comprise an
ACH entry. Students also review Addenda Records and proper formatting,
and examine field purposes, specific field values, and commonly experienced
problems. They will receive tips for optimizing ACH Network participation
with a command of the bits and bytes of ACH.
INSTRUCTOR
Jessica J. Trundley, AAP
Payments Risk Expert
Exception Processing
This course helps students understand and address key exception
situations for ACH, checks, wire and card transactions faced by financial
institutions and their customers. Students discover what constitutes an
exception and explore possible causes and resolutions to common issues.
INSTRUCTOR
President

Master’s Program
The Payments Institute’s Master’s Program is for seasoned payments professionals wanting to
explore the business strategies shaping payments today. As a Master’s Program student, you will
contribute to sessions and discussions to define the impact of new and emerging payments, and
participate in practical, hands-on scenario planning to mitigate risk in a changing environment.
The Master’s Program provides you with a sharper skill set to better equip you to contribute to
your organization and succeed in your career.
Limited seats are available. The Master’s Program is open to AAPs and TPI Alumni. Advanced enrollment in
The Payments Institute 2016 and the Master’s Program is required. Students enrolled in the Master’s Program
will attend each course in the Program. Contact Stephanie Prebish (sprebish@nacha.org) for more information.
Sunday, July 17
10:30 a.m.–5:30 p.m. Registration, Information Faculty Counseling
12–12:25 p.m. Lecture Hall Making the Most of Your TPI Experience
12:25–1:30 p.m. Lecture Hall Introduction to the U.S. Payments Ecosystem
1:30–1:45 p.m. Break
1:45–2 p.m. Master’s Program Introduction
2–3:30 p.m. Class Planning for the Future of Payments
3:30–3:45 p.m. Break
3:45–5:30 p.m. Class Innovation in Response to Disintermediation
5:35 p.m. Class Picture
5:45–6:45 p.m. Opening Reception Sponsored by the
Regional Payments Associations
6:45 p.m. Dinner
Monday, July 18
7:30 a.m.–4:30 p.m. Registration, Information Faculty Counseling
8:15–9:45 a.m. Lecture Hall Industry Update: A View from the Federal Reserve
9:45–10 a.m. Break
10–11:30 a.m. Class The Reach of the Federal Reserve
11:30 a.m.–1:15 p.m. Master’s Program Lunch Learn: Topic TBD
1:15–2:45 p.m. Class Building a Business Continuity Program
2:45–3 p.m. Break
3–4:30 p.m. Class Applied Risk Management
4:30–5 p.m. Scholarship Recipient Mixer
5 p.m. Dinner on your own

Tuesday, July 19
7:30 a.m.–5 p.m. Registration Information
8:15–9:45 a.m Lecture Hall Industry Update: NACHA State of the Union
9:45–10 a.m. Break
10–11:30 a.m. Class Private-Sector Rulemaking, NACHA the Role
of Government
11:30 a.m.–1 p.m. Lunch
1–2:30 p.m. Class Understanding UDAAP
2:30–2:45 p.m. Break
2:45–4:45 p.m. Class Anatomy of a Regulation: Regulation E
4:45–5:45 p.m. Tuesday Night Social Sponsored by the
Regional Payments Associations
5:45 p.m. Dinner
Wednesday, July 20
7:30 a.m.–1:30 p.m. Registration Information
8:15–9:45 a.m. Lecture Hall Industry Update: Same Day and Real Time as
Complementary Systems–Where Are We Going
How Soon Can We Get There?
9:45–10 a.m. Break
10–11:30 a.m. Class Implementing Advancing a Risk Strategy
11:30 a.m.–12:30 p.m. Lunch
12:30–1:30 p.m. Class Same Day ACH: Recognize, Reduce Manage Risk
(class will be in Emory Amphitheater)
1:45–2:50 p.m. Class Same Day ACH: Making the Decision to Originate
2:50–3:15 p.m. Commencement Exercises

Master’s Program Course Descriptions
Sunday, July 17
Making the Most of Your TPI Experience
Join TPI’s Dean, Uma Wilson, and Dean Emeritus, Rich Oliver
for this introduction to The Payments Institute and how to make
the most of your time here. Students take away a roadmap for success,
including tips on how you can work to improve yourself and your
organization from the knowledge you will gain while in Atlanta.
INSTRUCTORS
Richard R. Oliver
TPI Dean Emeritus
UMB Bank, N.A.
Introduction to the U.S. Payments
Ecosystem
This opening lecture introduces students to the U.S. payments system
and explains how payments work within and across channels through
various participants. Topics covered include ACH, wire, check, card, cash
and treasury management. Networks, nuances, rules and participants’
roles and responsibilities also are discussed. Students learn how payments
move, what regulatory bodies affect each payment type, and how payments
clear and settle. This level-setting course gives students a firm foundation
about the payments ecosystem.
INSTRUCTOR
Richard R. Oliver
TPI Dean Emeritus
Planning for the Future of Payments
2-3:30 p.m. • Advanced
Never before has effective strategic planning been more important in
the payments world. Yet, the ability to do it effectively is interrupted
by the rapid, and frequently unpredictable, changes in the environment.
This course proposes a contemporary strategic planning model and
approach that maximizes the opportunity for long-term success.
INSTRUCTOR
Richard R. Oliver
TPI Dean Emeritus
Innovation in Response to Disintermediation
3:45-5:30 p.m. • Advanced
As the payment landscape becomes more and more diverse, financial
institutions must become increasingly agile to maintain a leadership role
in payment processing. If they cannot meet the needs of a changing industry,
non-financial institutions will step in to fill the void. New entrants into
the payments space such as Dwolla, Venmo, and Apple Pay continue to
challenge the status quo of payments, impacting the banking industry as
disintermediation occurs in the payment space. This course examines these
new payment schemes and considers how innovation is necessary to
remain in the payments landscape.
INSTRUCTOR
Brad Smith, AAP
Capital One

Monday, July 18
Industry Update: A View from the
Federal Reserve
As overseer of payments systems, the Federal Reserve undertakes various
studies and engages diverse audiences to better understand industry trends
and needs, educate payment system participants, and inform its own strategies.
With this vast pool of quantitative and qualitative data, the Federal Reserve
has also articulated a strategic vision for improving the U.S. payments system
in collaboration with the private sector. In this lecture, an executive from the
Federal Reserve Bank takes students on a journey to discover the dynamics
at work in the payments space today, understand the implications and
opportunities, and explore what it means for the future.
INSTRUCTOR
Cheryl L. Venable
The Reach of the Federal Reserve
10-11:30 a.m. • Advanced
The Federal Reserve Bank means much more to the ACH Network than
simply being an ACH Operator. The policies implemented and research
done have a profound effect on the Network and often influence what
happens within the NACHA rulemaking process. Faculty in this course
examines current happenings at the Fed. Discussion topics include readiness
for Same Day ACH, other planned or potential changes to ACH and other
payments services, and how the Fed decides to embark on studies that shape
the payments world. Come hear directly from the source about what could
be on the horizon.
INSTRUCTOR
Cheryl L. Venable
Master’s Program Lunch Learn
11:30 a.m.–1:15 p.m. • Advanced
Grab your lunch and join fellow Master’s Program students for a Lunch
Learn on a hot topic in payments. The Lunch Learn topic will be
announced in May.
INSTRUCTOR
The Lunch Learn instructor
will be announced in May.
Building a Business Continuity Program
Having a plan in place to ensure your organization is able to react to
natural disasters and other emergencies is critical. Students in this course
build a business continuity plan, focusing on elements such as off-site
operations and recovery, management and mitigation strategies and
business impact analysis.
INSTRUCTOR
Nell Campbell-Drake, AAP
Vice President
Applied Risk Management
This course allows students to apply their knowledge to a series of case
studies on issues related to risk management from both financial institution
and corporate practitioner viewpoints. Discussion includes a focus on
enforcement and arbitration scenarios, as well as an examination of
case study results.
INSTRUCTOR
President CEO
EastPay, Inc.

Tuesday, July 19
Industry Update: NACHA State of
the Union
Join NACHA’s Jane Larimer, for this look into the inner workings
of NACHA. While reviewing its goals and strategic direction, she introduces
students to the responsibilities and activities of NACHA as ACH Network
administrator and industry association to foster the continued vibrancy
and growth of the Network, education and support of Network participants,
engagement of innovators, end users, financial institutions, regulators and
other stakeholders, and the importance of NACHA’s relationship with the
Regional Payments Associations and its Direct Financial Institution Members.
Larimer concludes with a glimpse into the future by discussing what attributes
and functionalities are needed 10 years from now to ensure the Network
continues to add value to financial institutions, solutions providers,
businesses and consumers.
INSTRUCTOR
Jane E. Larimer
General Counsel
Association
Private-Sector Rulemaking, NACHA
the Role of Government
Private-sector rulemaking provides the flexibility to promptly identify and
respond to participant requirements and new technologies. It also defines
in sufficient detail the roles and responsibilities of participants in the ACH
Network. From this foundation, the NACHA Operating Rules promote
innovation, efficiency and interoperability, while providing security and
certainty regarding ACH payments. The growth of the Network has been
enabled through NACHA’s inclusive rulemaking process, as well as its close
cooperation with a broad variety of industry participants, governmental
agencies and regulators. This course examines the process by which the
Rules work in concert with applicable laws and regulations to provide
a legal and business foundation for the use of electronic payments.
INSTRUCTOR
Jane E. Larimer
General Counsel
Association

Tuesday, July 19
Understanding UDAAP
This course provides an in-depth look at UDAAP (unfair, deceptive,
or abusive acts or practices) including the explanation of what is considered
an abusive act or practice, examples of cases and fines, and some case
studies allowing students to determine if something is “unfair or deceptive”
and if so, how the case could be rectified.
INSTRUCTOR
Richard M. Fraher
VP Counsel to the RPO
Anatomy of a Regulation: Regulation E
This course delves into the Electronic Funds Transfer Act and the
resulting Regulation E and the Dodd-Frank Act, which created the
CFPB. Faculty explores the intricacies of both Acts and how the
provisions impact business practices and product offerings.
INSTRUCTOR
Duncan Douglass
Partner
Alston Bird LLP

Wednesday, July 20
Industry Update: Same Day and
Real Time as Complementary
Systems–Where Are We Going
How Soon Can We Get There?
Industry leaders are pursuing complementary paths to move payments
faster. NACHA is moving forward to implement ubiquitous Same Day ACH
capability, beginning with ACH credits in September 2016. The Clearing House
is developing and making preparations to deploy a real-time payments service.
The Federal Reserve’s Faster Payments Task Force, which is engaging the
industry as part of its Strategies for Improving the U.S. Payment System,
continues its efforts with a final deliverable expected by year-end 2016.
Students in this course learn how these complementary visions fit together
to offer value for end users and financial institutions in a variety of ways
and opportunities for the future.
INSTRUCTOR
Jane E. Larimer
General Counsel
Association
Implementing Advancing a Risk Strategy
In this course students review and analyze the components of an
internal risk strategy, learning how to project costs and revenue, how
to make decisions intended to protect their organization, and how to
determine success factors. Together, students explore the strategic benefits
of implementing a risk strategy to their organization and their customers.
Faculty imparts guidance on how to best present a strategy to their executive
management and boards of directors.
INSTRUCTOR
Same Day ACH: Recognize, Reduce
Manage Risk
12:30-1:30 p.m. • Advanced
Same Day ACH is coming soon! A ubiquitous Same Day ACH capability
across the ACH Network offers new opportunities for all participants. But
there are risks to be recognized and considered. Same Day ACH also allows
for the faster fixing of problems with enhanced returns and reversal processes.
Learn about the tools and resources available to lessen your exposure. This is
a must-attend class so that you can fully understand and identify the potential
risks, and learn how to benefit from various situations.
INSTRUCTORS
Amy Leslie, AAP
J.P. Morgan
UMB Bank, N.A.
Note: Master’s Program students will attend this
class with non-Master’s Program students
Same Day ACH: Making the Decision
to Originate
Same Day ACH credits become available in September. All financial
institutions must be prepared to receive these items, but how do you
decide if you will originate them? Developing a strategy to originate
requires examination from both the FI and Originator perspective. The
ability to send and receive transactions as Same Day ACH items will
provide benefits to most parties. Will it benefit you? This course provides
students with an idea of what should be considered when contemplating
originating Same Day ACH transactions.
INSTRUCTORS
Amy Leslie, AAP
J.P. Morgan
UMB Bank, N.A.

Enrollment
Tuition fees as follows:
NEW! Early Member (through May 20, 2016) $2,295
Member (beginning on May 21, 2016) $2,495
NEW! Direct Financial Institution Member $2,095
Nonmember $2,795
AAP* $2,195
Enroll online today at www.nacha.org/PaymtInstit or complete
the TPI Enrollment Form and return it to NACHA. If you
have questions or need more information, please call us at
(703) 561-1100.
*Must be an AAP in good standing to qualify for this special rate.
Lodging
Hotel accommodations at the Emory Conference
Center Hotel are not included with tuition fees.
Students are responsible for reserving and paying for their
own hotel rooms at the Emory Conference Center Hotel.
NACHA has negotiated a special room rate for students
attending The Payments Institute 2016. The room rate is $150
per night plus taxes and fees and the cut-off date is Monday,
June 27, 2016. All reservations must be guaranteed with
a credit card. Students may reserve their rooms two ways:
• Online at http://bit.ly/TPIHotel2016
• Calling 1-800-933-6679 and request NACHA’s
The Payments Institute group block.
We suggest making your reservations early as availability is
not guaranteed. Cancellations must be made by 5 p.m. ET
one day prior to the day of arrival to avoid any penalty fees.
Registration Information
Meals
Meals included with tuition begin with dinner on Sunday night
through lunch on Wednesday, with the exception of dinner on
Monday evening. On Monday night, enjoy the local flavor of
Atlanta with a night out on the town.
Sponsorships
Interested in supporting The Payments Institute?
Please contact Stephanie Clark (sclark@nacha.org)
for 2016 sponsorship opportunities.

SVP Director, Product
Management Development
UMB Bank, N.A.
Gai C. Craig, AAP, CTP
Executive Vice President, Association Services
PaymentsFirst, Inc.
Robert Dael
President CEO
MACHA – The Mid-Atlantic Payments
Association
Indiana University
U.S. Department of the Treasury,
Bureau of the Fiscal Service
Amy Leslie, AAP
J.P. Morgan
Jeremy D. Pritchard AAP, CTP
SVP, Senior Treasury Professional
State Bank Trust Company
President CEO
EastPay, Inc.
Brad Smith, AAP
Capital One
Jessica J. Trundley, AAP
Payments Risk Expert
Texas Capital Bank
Stephen Wojciechowicz, AAP, CTP
Director
Deutsche Bank Trust Company Americas
The Payments Institute 2016 Board of Regents
The Regional Payments Associations
Regional Payments Associations (RPAs) provide ACH education, information
and support to financial institutions, businesses, and other Network
participants. RPAs are a valuable resource regarding other payment systems.
Each of the 12 RPAs, as a Direct Member of NACHA, is a specially recognized
and licensed provider of ACH education, publications and support. RPAs also
offer audit and risk assessment services, AAP test preparation and continuing
education credits, marketing tools and guidance, and ODFI counseling.
NICE Actimize
NICE Actimize safeguards the financial industry by preventing, detecting,
and investigating financial crimes. The company’s solutions cover AML, fraud
detection and financial markets compliance. Actimize is uniquely prepared for
emerging faster payments. Its fraud solutions employ sophisticated analytics
for a clear goal: Making every financial interaction safer and faster.
Thank You to Our Sponsors

The Payments Institute 2016
ENROLLMENT FORM • July 17–20, 2016 • Emory Conference Center Hotel • Atlanta, GA
Enroll online at www.nacha.org/PaymtInstit
Payment
Name____________________________________________________________________
Title_____________________________________________________________________
Organization_____________________________________________________________
Address__________________________________________________________________
City_____________________________ State/Province____________Zip_____________
Country_________________________________________________________________
Telephone________________________ Fax_____________________________________
Email ___________________________________________________________________
Badge Name______________________________________________________________
Are you a member of an RPA? Member Discount Code (MDC) ___________________
Please mail or fax form to: NACHA—The Electronic Payments Association, Attn.
Accounting Department, 2550 Wasser Terrace, Suite 400, Herndon, VA 20171,
USA, Fax 703-713-1641, Phone 703-561-1100
o Wire Transfer
For wire payment instructions, request information at account@nacha.org (include Wire Payment
Instructions in the subject line of the email) or call +1 703-561-1100 and ask for the accounting
department. Fax completed registration form to +1 703-713-1641.
o Check_ Enclosed is a check (made payable to NACHA) for $______________________.
Please note: Checks will be accepted only if written on U.S. dollar accounts drawn on U.S. banks.
o Payment by ACH Credit Date of Code:_____ /_______ /_______
(Credit must be submitted by registrant)
UPIC Routing Number: 021052053, Account Number: 59058945. Use CCD format for single
enrollment; for multiple enrollments use CCD+ with type 05 Addenda Record. Complete in Batch
Header Record: 1) Your Company Name, 2) Company Discretionary Data: registrant’s last name,
first initial 3) Company Entry Description: TPI16. For multiple enrollments, in the Payment Related
Information of the Addenda Record: registrants’ last name, first initial
o Credit Card: Please charge $_____________________ to my:
o Visa o MasterCard o Discover o American Express
Acct. #_________________________________________________________________________
Exp. Date_______________________ 3-4 digit security code____________________________
Signature_______________________________________________________________________
Name on Card __________________________________________________________________
Card Billing Address _____________________________________________________________
City/State/Zip ___________________________________________________________________
Tuition Fees
o $2,295 NEW: Early Member
(through May 20, 2016)
o $2,495 Member
o $2,795 Nonmember
o $2,195 AAP*
o $2,095 NEW: Direct
Financial Institution Member
*Must be a current AAP in
good standing to qualify for
this special rate.
Please note tuition fee does
not include housing.
Important Notice: Advance
payment required. No invoices.
Please complete a separate form
for multiple students.
Cancellation Policy: Cancellation
requests will not be accepted via
telephone and must be submitted
in writing through email at
meetings@nacha.org or fax
703-713-1641. Refunds will be
processed for the amount paid
minus a $200 processing fee if
the request is received by May 20,
2016. NO REFUNDS after May 20,
2016. Please ensure that you are
registered at the proper rate and
type: (e.g., Member/Nonmember).
No refunds for rate adjustments,
due to improper selection of
registration type, will be made
after June 27, 2016.
Special Needs: If you are disabled,
require other special services, and/
or medical or religious dietary
restrictions, please send a written
description of your needs via email
to meetings@nacha.org at least
3 weeks prior to the meeting.
For more information,
please contact NACHA
Member Services at
800-487-9180 or
info@nacha.org.

2550 Wasser Terrace, Suite 400
Herndon, VA 20171
Phone (703) 561-1100
Fax (703) 713-1641
www.nacha.org
The Payments Institute by the Numbers:
• 6 targeted areas of concentration
• 20 AAP credits and/or CTP/CCM credits
and/or NCP credits
• 51 thought-provoking courses
• 60 hours of education
• 100s of new industry connections
About NACHA—The Electronic Payments Association
Since 1974, NACHA – The Electronic Payments Association has served as trustee
of the ACH Network, managing the development, administration and rules for
the payment network that universally connects all 12,000 financial institutions
in the U.S. The Network, which moves money and information directly from one
bank account to another, supports more than 90 percent of the total value of all
electronic payments in the U.S. Through its collaborative, self-governing model,
education, and inclusive engagement of ACH Network participants, NACHA
facilitates the expansion and diversification of electronic payments, supporting
Direct Deposit and Direct Payment via ACH transactions, including ACH credit
and debit payments, recurring and one-time payments; government, consumer
and business transactions; international payments, and payments plus
payment-related information. Through NACHA’s expertise and leadership,
the ACH Network is now one of the largest, safest, and most reliable systems
in the world, creating value and enabling innovation for all participants.
Visit nacha.org for more information.

The Payments Institute 2016 Brochure

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