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Event Registration - Bank Liability Under UCC Article 4A

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Thursday, December 17, 2020
Bank Liability Under UCC Article 4A for ACH Corporate Payments Fraud, with Tips on Minimizing Liability

Cyberattacks, business email compromise, account takeover, social engineering, dishonest employees, and vendor impersonation are common ACH fraud threats to businesses.

When an incident occurs, reimbursement claims are sometimes made against the bank that sent the ACH credit entry into the ACH Network. In contrast to liability allocation rules under the federal Electronic Fund Transfer Act and Regulation E for consumer payments, bank liability with respect to corporate payments typically turns on Article 4A of the Uniform Commercial Code and the terms of the bank's payment processing agreements.

Our guest speakers will cover the scope and structure of Article 4A, the liability allocation rules for corporate payments fraud under this law, and steps a bank can take through payment processing contracts to minimize the risk of liability.

9:00am - 10:00am MT
10:00am - 11:00am CT
11:00am - 12:00pm ET
Live = $245; Live and Recording = $300
Live = $495; Live and Recording = $600
Education Club Points:
2 for Live; 3 for Live and Recording
Up to 1.2 AAP/ APRP, 1.0 CLE
All Levels
Intermediate to Advanced
Cancellations received less than (3) banking days prior to the seminar date are not refundable. Cancellations received more than (3) banking days must be received in writing. Substitutions are allowed.

About the Speakers

Jeff Dunn is a shareholder with Munsch Hardt Kopf & Harr, PC law firm in Dallas. He practices banking and finance law and has represented banks, third-party senders, and merchants in payment processing contract negotiations, resolving liability disputes, Nacha Rules compliance, and regulatory compliance. Jeff serves on Nacha’s Arbitration Board (since 2005) and is recognized in The Best Lawyers in America (Woodward/White, Inc.) for his work in “Banking and Finance Law” (since 2006) and “Financial Services Regulation Law” (since 2011). Jeff is licensed to practice law in the state of Texas (since 1982).

John Turnage is an associate attorney with Munsch Hardt in Dallas (since 2016). His practice area is corporate and finance law, and is licensed to practice law in the state of Texas (since 2014).

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