Southern Financial Exchange

Please join us in congratulating our very own Danita Moss, AAP, NCP for 21 years of service to SFE! Danita is a valued member of our team and a huge asset to the SFE community. Thank you, Danita, for all you do, and congratulations on this career milestone! Pam Rodriguez, AAP, CIA, CISA Dominic Plumeri, AAP, APRP David P. Heather Lee, AAP, CCUIA, CUERME, CCUFC Catherine Bishop, AAP, APRP, NCP Sandra Parker, AAP

Please join us in welcoming Treasury Software as a new SFE Affiliate Member! We are so thrilled to have you as part of the SFE community and look forward to working with you on all things #payments. Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Heather Lee, AAP, CCUIA, CUERME, CCUFC David P. Dominic Plumeri, AAP, APRP Sandra Parker, AAP Catherine Bishop, AAP, APRP, NCP

Please join us in extending a huge congratulations to Pam Ware for her promotion to President and Chief Operating Officer of First Commercial Bank! Pam is a long-time member of the SFE community, a member of our Board, and a fantastic colleague. Pam, congratulations on your well deserved success! https://lnkd.in/eMuM9CRK Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Heather Lee, AAP, CCUIA, CUERME, CCUFC Dominic Plumeri, AAP, APRP David P. Sandra Parker, AAP Catherine Bishop, AAP, APRP, NCP

A recent Payments Fraud Survey, developed by the Center for Payments in collaboration with Nacha and ICBA, sheds light on the current landscape of payments fraud, offering critical insights from a broad spectrum of financial institutions. At a high level, the survey found: - A significant rise in sophisticated fraud tactics, particularly those involving manipulation of authorized parties. Approximately 62% of institutions reported an increase in such incidents. - Financial institutions are employing various strategies to mitigate risks when opening new accounts. Around 50% closely monitor account activity and impose daily transaction limits to thwart fraud. A third conduct background checks, and a quarter require additional documentation.  - Immediate actions are important, such as suspending accounts and reviewing other transactions, when fraud is detected, as well as long-term mitigation strategies, including account holder education programs. The survey Executive Summary can be found here: https://lnkd.in/euyJzetP The full report is available to SFE members once logged in here: https://lnkd.in/eib5pVrX And as you battle check fraud, consider our upcoming trainings on Nov. 19 in Ridgeland, Mississippi and Nov. 20 in Mobile, Alabama. Find out more at sfe.org. Pam Rodriguez, AAP, CIA, CISA Heather Lee, AAP, CCUIA, CUERME, CCUFC Sandra Parker Dominic Plumeri, AAP, APRP Danita Moss, AAP, NCP Catherine Bishop, AAP, APRP, NCP David P.

We've all heard the horror stories of friends, family, and acquaintances--not to mention customers/members--who were victims of #payments #scams. Now Nacha's Payments Innovation Alliance is working to spread the word about them and how to avoid them. Check out the Spotlight! Payments Video Challenge for ways you can help with video stories. Entries are due November 12. https://lnkd.in/erjEjtUD Pam Rodriguez, AAP, CIA, CISA Danita Moss, AAP, NCP Catherine Bishop, AAP, APRP, NCP Sandra Parker Dominic Plumeri, AAP, APRP David P.

Now through November 15, save on pre-orders of the 2025 Nacha Operating Rules & Guidelines. As an added bonus, those who order by November 15 will also receive a complimentary code to access the Rules online. This is an excellent time to order Rules books for additional staff, corporate customers or members, and more. Pre-order now: https://lnkd.in/essB4RWz #ACH #compliance

The modern ACH Network is thriving! In 3Q 2024: ✅ 8.4 billion ACH payments were processed, totaling $21.5 trillion in value. ✅ 355.2 million payments were made via Same Day ACH, totaling $844 billion in value. ✅ An increase in volume was seen across all major ACH Network payment categories, including a 12.6% and 7.8% increase in business-to-business and healthcare claim payments respectively. See how the modern ACH Network continues to grow: https://hubs.la/Q02TJdtG0

We're proud to partner with ThreatAdvice and to be offering these upcoming #checkfraud #mitigation sessions on November 19 in Ridgeland, Mississippi, and on November 20 in Mobile, Alabama, from 9 a.m. - 3:30 p.m. Central. Details and how to register are available on SFE's website: https://lnkd.in/gU4e7PYz

SFE's offices will be closed Monday, October 14, in honor of Indigenous Peoples' Day and will reopen on Tuesday. FedACH® processing ends October 12, 2024, at 3 a.m. ET and resumes October 14, 2024, at 5:30 p.m. ET, with the third file delivery beginning at 8:15 p.m. ET.

Please welcome Heather Lee, AAP, CCUIA, CUERME, CCUFC to the SFE Team as Director, Member Services! Heather has over 14 years experience in #communitybanking and #creditunions, holding positions in #security/ #fraud operations, marketing/business development, and internal #audit. She has been certified by Nacha as an Accredited ACH Professional (#AAP) since 2023 - and is officially “hooked” on all things payments. Heather holds a Bachelor of Science degree in Mass Communications with a concentration in Public Relations from McNeese State University in Lake Charles, LA. She also holds certifications through the Credit Union National Association (America's Credit Unions) in internal audit, enterprise risk management, and financial counseling. In her free time, Heather enjoys hanging out with her husband and two daughters, as well as watching movies, singing, and playing pickleball. She is looking forward to working with the SFE community, and we're glad to have her on board! Pam Rodriguez, AAP, CIA, CISA Dominic Plumeri, AAP, APRP David P. Sandra Parker Catherine Bishop, AAP, APRP, NCP Danita Moss, AAP, NCP