INTERNATIONAL REMITTANCE UPDATE
updated 06/20/13 04:52 PM
Two Webinar Dates Available
If you missed Catalyst Corporate FCU's first International Remittance Update Webinar last week, you have two more opportunities to participate. Catalyst will repeat the webinar on July 11 and July 23.
During the webinar, Catalyst provides an overview of Section 1073 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, highlighting modifications that were incorporated into the 2013 final rule. A detailed discussion follows on various aspects of the disclosure process, including when disclosures are required, what information must be included in a disclosure, timing connected with the disclosure, how the wire process might look with the disclosure built into the process, and error resolution.
Catalyst also introduces its proprietary solution for international wires: a direct interface with JP Morgan, along with programming enhancements within TranZact, and Catalyst's online account management system to automate and simplify the back-end process for credit unions. The seamless solution does not require integration effort on the part of credit unions.
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