This webinar will provide an introduction to UCC4A and how it affects payment transactions. It will also provide an understanding of responsibilities of each party before entering into contract for fund transfer services.
This webinar is specifically useful for businesses using, or that plan to use, commercial funds transfer services. It will help attendees understand how Article 4A affects transfers, provisions that can be altered by contract, how liability for unauthorized transfers is allocated, and more.
Why Should You Attend:
In most commercial transactions, payment is accomplished through the use of a funds transfer. These transactions are subject to Article 4A of the Uniform Commercial Code, which has been adopted by all 50 states and governs the rights and obligations of all parties to the transfer. Article 4A is contract law, meaning once a business signs a contract they are generally bound to those terms. Too many businesses have suffered substantial losses because they did not understand the liability and obligations they are under when they signed the contract for funds transfer services.This webinar is specifically useful for businesses using, or that plan to use, commercial funds transfer services. It will help attendees understand how Article 4A affects transfers, provisions that can be altered by contract, how liability for unauthorized transfers is allocated, and more.
Learning Objectives:
- Recognize terminology used in Article 4A
- Navigate sections of Article 4A
- Document the rights and obligations of each party in the transfer
- Discover what happens when things go wrong in a funds transfer
- Record how Article 4A assigns rights and responsibilities
Areas Covered in the Webinar:
- What UCC4A is
- How UCC4A affects payment transactions and liability
- Types of transactions covered
- What can be altered by contract with your bank
- What cannot be altered by contract with your bank
- The effects of Choice of Law
- What the disclosures mean
- How UCC4A affects situations like unauthorized ACH entries, wire transfer fraud, and more
- Important considerations before entering into a contract
Who Will Benefit:
- Internal Auditors
- Risk Officers
- Director of Security
- Compliance Officers
- Compliance Professionals
- Operational Risk Professionals
- CFO/Finance Professionals
- Board Members
- External Auditors
- Audit Committee Members
- Operational Risk Managers
- Departmental Managers
- Information Security
- Information Technology
- Fraud Investigators
Course Provider
Rayleen M Pirnie,
