Original Air Date: Thursday, April 16
Presenter: Erin Fonte, co-chair, Financial Institutions Corporate and Regulatory Practice, Hunton Andrews Kurth LLP
Financial institutions face challenges in keeping up with the various types and channels of fraud that occur on a day-to-day basis. It is important for financial institutions to understand the key elements of, and differences in, regulations, consumer protection laws and allocation of liability for fraudulent and unauthorized transactions. Those differences dramatically affect customer rights, response time frames and liability exposure for the financial institution itself This session will explore the unique laws, rules, regulations and private network or card association rules at play in various payment channels with respect to fraud, and will prepare financial institution personnel in understanding the important concepts.
- Fraud losses are material and growing.
- What risk management strategies are being used?
- Does fraud monitoring go across different channels?
About the Presenter:
Financial Institutions Corporate and Regulatory Practice, Hunton Andrews Kurth LLP
Erin is co-chair of the firm's Financial Institutions Corporate and Regulatory Practice. She assists clients with a broad range of legal and regulatory matters, including product development and launch related to payments and payment systems, digital commerce, including mobile, and banking and financial services products and services. Erin regularly advises financial Institutions, non-bank and retailers regarding mobile banking, mobile payments, and mobile wallet products and services, including regulatory and compliance analysis, such as federal and state money transmission law analysis.