Wednesday, October 21 - Noon - 2:40 PM EDT
The second day will be how to keep your shop on the rails. MAC will showcase AML 2020, and a legal analysis of the recent FTC losses (focusing on what these cases don't mean for payments.)
The agenda is tentative and subject to change.
Wed 12:00 pm EDT
Welcome to MAC's Virtual Regional
Julie Schwartz, WorldPay
Wed 12:05 pm EDT
AML Practices: Best in Show
Laura Goldzung, AML Audit Services
The acquiring chain encompasses many processes, players, influencers, risks, and accepted practices. Some, not all, have a requirement to implement an anti-money laundering program while others find themselves voluntarily putting a program in place due to financial, bank, or other partner requests, but not requirements. Laura will present the benefits of having a program, whether required or voluntary, and how the ultimate goal of identifying suspicious activity will improve your business model.
Wed 12:35 pm EDT
10 Risk Factors in 10 Minutes
Dan Fretchling, Verisk Financial G2
Niamh Lewis, Verisk Financial G2
G2 covers the top 10 risk factors that have affected the payments industry in 2020.
Wed 12:45 pm EDT
Let's all take a quick break to ponder the awesomeness of a MAC membership.
Wed 12:50 pm EDT
Implications of Money Transmission Laws Beyond Regulatory Enforcement
Nicole Meisner, Jaffe Raitt Heuer & Weiss P.C.
Payment companies are continually grappling with money transmission laws in the United States. Often, the focus is on the potential risk of regulatory enforcement if such laws apply. However, the ramification of these laws on payment companies can extend far beyond the regulatory authorities—particularly if the company is positioning for sale, merger or investment. Nicole Meisner from Jaffe Law will dive into these issues and other trends involving money transmission in the world of electronic payments.
Wed 1:20 pm EDT
MAC in a Minute
Join MAC Board Members and speakers for MAC in a Minute to learn more about MAC membership value for yourself and your organization, volunteer opportunities, and how you can impact change in the payment ecosystem. This session will be your time to ask MAC questions and hear first hand how the association is advocating for you.
Wed 1:30 pm EDT
Stretch. Grab some water. Perhaps register for an upcoming MAC webinar.
Wed 1:35 pm EDT
What 2020 Tells Us About Regulators' Changing Expectations; Plus, Some Good News
Theresa Kananen, AGG
Ed Marshall, AGG
A global pandemic has not slowed the FTC’s enforcement actions against the payments industry. If anything, they’ve been accelerating, and the cases have shown more stringent expectations for underwriting and risk monitoring along with some new regulatory pet peeves. Our legal experts from AGG will address those developments, walk through some correlative changes to the ETA’s Guidelines, and then share some (really) good news about how the courts are stepping in to recalibrate the balance of regulatory power.
Wed 2:10 pm EDT
Round Table: Chargebacks in the COVID Era
Sponsored by Salus Payments
Host: Domenic Cirone, Midigator
Panelist: Jim Bibles, Aperia
Panelist: Craig McClure, Chargebacks911
We hope that you can join us for an unusual round table about an unusual time for chargebacks. Our panelists will take questions and discuss how the COVID pandemic has impacted chargebacks.