Fraud Channels: Check & Debit Card
Check and debit card fraud can manifest in multiple and creative ways. When fraud occurs, what can be required of the consumer? Who is liable? Do you understand the related UCC and Reg E rules and know which is which in which situation? Learn how to stay in compliance and also protect your institution from loss.
After This Webinar You’ll Be Able To:
- Distinguish which party is liable for all types of check and debit card fraud
- Calculate your institution’s liability under the UCC for check fraud
- Determine your institution’s liability under Reg E depending on whether a debit card or other access device was used
- Explain what constitutes an unauthorized debit card transaction under Reg E
- Understand what your institution can and can’t require of an accountholder when investigating check and debit card fraud
Check fraud and debit card fraud have increased tremendously and with staggering losses to financial institutions. Your institution’s liability will vary depending on the type of transaction, how the fraud occurred, and whether it was a consumer or business account. Was it a forged maker’s signature, a forged endorsement, a counterfeit check, an altered check, an electronically converted check, a fraudulent debit card transaction, a counterfeit debit card, or a card-not-present transaction? The numerous rules under the Uniform Commercial Code and Regulation E are mindboggling. How do you determine which rule applies in your situation? This webinar will explain which law applies in each type of situation involving check fraud and debit card fraud. This webinar will also explain your institution’s liability in these situations and what it can do to protect itself from liability.
Who Should Attend?
This informative session will be useful to deposit operations personnel and managers, tellers, compliance staff, new accounts personnel, security officers, fraud investigators, attorneys, and auditors.
- Summary of the law in each type of fraud situation and which party is liable
- Easy-to-follow matrix to determine the dollar amount of your institution’s liability for debit card fraud
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.
Elizabeth Fast JD, CPA – Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Fast is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.
- $245 – Live Webinar Access
- $245 – OnDemand Access + Digital Download
- $350 – Both Live & On-Demand Access + Digital Download