Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual
MP3 Download

Planning for UCC Article 4A: eBanking, SWIFT and ACH Fraud Risk Management and Contractual Mitigation

Gain a better understanding of up-to-date electronic payment rules and developments, learning from recent cases how electronic payment fraud is occurring and what the courts are saying about who is responsible, and identifying safeguards against electronic payment liability.

General benefits include familiarization with up-to-date electronic payment rules and developments, learning from recent cases how electronic payment fraud is occurring and what the courts are saying about who is responsible, and identifying safeguards against electronic payment liability. For example, many bank-customer agreements deal with protections of banks against liability for check fraud in several ways: requirement of prompt notice after receipt of statements; requiring written notice; making statements available electronically; shortened statute of limitations and repose. Recent court decisions have expanded these protections to electronic payments where the protective provisions in the bank agreement cover not only checks, but all types of 'items' and debits, including wire transfers and ACH payments from the account. They also have required written notice, not just oral notice of the fraud. For paper check cashers like retailers and currency exchanges, duplicate presentment is a serious issue where the customer has previously deposited his or her check electronically by RDC and then seeks a second payment for the same check by cashing it with a store or check cashing business. The new rules and two recent cases deal with the issue in ways that you will want to know, to protect the party that cashes a paper check from a defense of the drawee bank that returns it unpaid for previous payment from its RDC and image check collection.

Runtime: 89 minutes
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Different Payment Systems Discussed and Regimes That Govern Them

  • Wire Transfers Under Article 4A the Uniform Commercial Code (UCC)
  • International Payments Under Swift Rules
  • Automated Clearinghouse Transfers Under Nacha Rules
  • Check Truncation/Electronic Checks

New Developments:

  • FRB Regulations
  • ECCHO/Clearing House Rules
  • New NACHA Rules
  • New Swift Safeguards

Basics of Article 4A for Liability for Fraudulent Wire Transfers

  • Scope and Protections of Article 4A
  • How Situations Under Article 4A Are Handled
  • Elder Abuse

Swift Cases

  • Banco Del Austro
  • Bangladesh Bank
  • Punjabi National Bank

Article 4 and 4A Cases

  • Duplicate Presentment Cases
  • Impersonation Cases
  • Hacking Cases
  • Bank Notice Cutoff Cases and Broad Drafting of What Is an "Item"
  • Update on Regatos and Shortening 1-Year Statute of Limitations

NACHA Situations

Fraud Prevention Measures and Safeguards Against Liability

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on December 20, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Carter H. Klein

Carter H. Klein

Jenner & Block LLP

  • Partner in Jenner & Block LLP's Chicago office
  • Concentrated his practice on Uniform Commercial Code work, secured and unsecured lending and payments for the past 43 years at Jenner & Block LLP
  • Extensive experience with Article 5 of the Uniform Commercial Code – Letters of Credit
  • ABA UCC Liaison to the Permanent Editorial board of the Uniform Commercial Code
  • Former Chair of both the Letter of Credit Subcommittee and Payments Sub-committee of the ABA
  • Co-wrote three books on the Uniform Commercial Code
  • Honored as Letter of Credit Attorney of the Year in 2018 by the Institute of International Banking Law & Practice
  • J.D. degree, Order of the Coif, First in Class, University of Illinois College of Law; B.A. degree, with the highest distinction, University of Illinois at Urbana-Champagne
  • Can be contacted at 312-923-2950 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 404604
Published 2018
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!