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Your institution may already offer mobile banking, so it’s important to review and understand the associated risks. Mobile banking is one of the hottest products at financial institutions today. Many consumers and businesses prefer mobile banking, which increases the risks. This webinar on Wednesday, March 21, from 3:00 p.m. to 4:30 p.m., will explain the compliance and legal requirements necessary to properly manage mobile banking functions. Learn important contract terms and provisions needed to properly establish and maintain mobile banking, plus the compliance and legal rules regarding data and electronic security.
For those participating in this webinar, you can expect to learn about:
- Overview of mobile banking risks
- Risks and potential liability to your institution
- Policies, procedures, and other steps to reduce risk and liability
- Differences between consumer and business transactions
- Agreements/disclosures legally required to conduct mobile banking, and optional agreements/disclosures that provide additional protection
After participating in this webinar, attendees will receive: FFIEC’s IT Examination Handbook section titled Retail Payment Systems, including Appendix E: Mobile Financial Services; employee training log; and a quiz you can administer to measure staff learning and a separate answer key.
This webinar is offered through the League's partnership with the CU Webinar Network.
For more information or to register, please click here.