Growth in Electronic Banking Payments Sparks New Online Training - Siouxland News - KMEG 14 and FOX 44

Growth in Electronic Banking Payments Sparks New Online Training

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SOURCE BankersHub

BankersHub launches certification to train on challenges and risks in electronic banking

MADISON, Wis., June 30, 2014 /PRNewswire/ -- Bstuff LLC, dba BankersHub (http://www.bankershub.net), one of the fastest growing online education portals in financial services, recently launched an online training program to help banks and credit unions deal with ongoing regulations, risk exposure, fraud and new innovations associated with noncash payments.

A 2013 Federal Reserve Payments Study stressed the rapid growth in electronic payments, noting that "By 2012, two-thirds of consumer and business payments were made with payment cards. (Debit and Prepaid) Cards increased their share from 43% of all noncash payments in 2003 to 67% in 2012, while the use of ACH grew more modestly, increasing share of 11% in 2003 to 18% in 2012."

This growth in electronic banking served as the catalyst for BankersHub to launch a new certification program dealing with the challenges and risks bank and credit union employees confront every day.

"This certification programs acknowledges the needs of the financial institution," says Terri Sands AAP, Senior Vice President of Payments Oversight and Risk Management – State Bank and Trust (GA) and chief architect of the program content. "We built it from the perspective of the bank and credit union employee as we work with them to overcome the risk, fraud, and operational issues they face."

The online learning management system utilized by BankersHub eliminates the need for travel and can be completed at the employee's convenience. "In the rapidly changing area of electronic banking where financial institutions find themselves caught in the cross-fire of innovation and regulation, there is a need to ensure employees get trained in a timely fashion, but without interfering with daily operations and demands," says Erin Handel, co-founder of BankersHub. "This certification provides ongoing tracking, testing and reporting to help manage employee training and successful program completion."

The program offers three levels of eBanking certification along with certificates in the areas of debit/ATM cards, ACH, checks and remote deposit, payments fraud, and wire transfer. Each individual going through the certification gets access to a personal trainer to take them through the program from start to finish.

Once completed, certification is valid for two years and participants may also submit courses for AAP, CTP, NCP and CPE credits.

More information can be found on the full certification program by going to http://www.eBankingCertification.com

Contact:
Erin Handel
erin@bankershub.com

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