Session 3 Questions Addressed:
Q: For the Company Entry Description, is PAYROLL, PURCHASE, etc. required to be in all caps?
Q: If we do the risk rating manually, how do you recommend handling the scoring of the risk
tiers (low/medium/high)? What would be examples of each tier?
Q: Do you recommend the financial institution send a letter to their customers asking if they are in compliance with the requirements? Should the letter be signed by the customer and sent back to the financial institution?
Presenters:
Sandra Parker, AAP, AFPP, Director, Payments Risk & Compliance - SFE
Starr Largin, SVP, Sales – Finovifi
.3 CEUs AAP/AFPP/APRP