Services
- Vendor research, evaluation and selection
- Evaluation and selection of software applications for
- Check
- Wire transfer
- Image processing
- Automated Clearing House (ACH)
- Request for Information and Request for Proposal Preparation
- Payment operations best practices
- Operational Risk
- Conduct comprehensive reviews of an institution’s computing environment
- Create and review an institution’s business continuity plans for any operating emergency.
- Provide best practices on redundant data centers, data mirroring, environmental controls, power, software resiliency, and telecommunications.
- Evaluate Quality Control and testing procedures to minimize software failures
- Review patch management and change control procedures
- Fraud Risk
- Review internal controls used by the institution to mitigate internal fraud risks and identify strengths and weaknesses
- Review controls and procedures in place to mitigate external fraud
- ACH Risk Management
- ODFI/Originator review to ensure compliance with NACHA operating rules. Assistance with compliance audits for ensuring adequate procedures are in place for ACH operations.
- Fraud risk – Audit an institution’s procedures and best practices to ensure that the institution is protected from internal and external risk.
- Reputation Risk – employing best practices for dealing with merchant processors or other high risk transactions
- ODFI assistance for ensuring that best practices are in place for performing the proper due diligence for originators and third party senders
- Credit Risk
- Review institution’s exposure with credit and debit payment transactions
- How to monitor origination over multiple days
- Determine the proper amount to hold in reserve for debit originators
- How to evaluate certain types of companies
- How to identify high return rates and the dangers of high returns
- Strategic marketing planning
- Development of annual marketing plans
- Address internal and external environmental factors and capitalize on your businesses strengths and opportunities.
- Competitive analysis
- Highlight best practices in marketing your electronic payments to your various target audiences
- Developing specific goals and marketing tactics, tailored to your businesses strategic and business plan
- Branding your business for future success
- Brand recognition (How to obtain the most efficient and effective industry brand awareness
- Development of a marketing budget
- Learn how to improve your home banking platform for P2P, A2A and C2B payments
- Guidance on how to develop a business-to-business strategy from an origination and receive standpoint
- Enhancing value-added services to grow revenue and increase client base
- Developing electronic payment initiation and receive platforms (including home banking and cash management)
- Business-to-business remittance delivery strategies
- Assistance with research projects, including question development, project management, analysis and reports.
- Work with payment infrastructure providers on long and short term strategic plans
- Partner with financial institutions in evaluating and developing their strategies around payments
Payments Systems in Developing Countries
- Assistance in establishing electronic clearing systems in developing countries.
Payments Systems Expert Witness
- Any organization contemplating litigation or facing litigation will get sound advice on the course of action they need to take.