“How to Defraud an ODFI in Three Easy Steps”
MINNEAPOLIS, MN – May 14, 2019 - Argos Risk’s Director of Client Services, Erica El Hilali
will present “How to Defraud a Company in 3 Easy Steps” at EPCOR Payments Conference
May 22nd and 23rd in Columbus, Ohio. EPCOR’s conference provides 30+ informative
sessions, open discussion forums, workshops on fraud and regulatory considerations, new
payment initiatives and emerging payments technology, and networking opportunities on
payments industry changes and challenges.
“We are happy to present at EPCOR’s Spring 2019 conference. With decisions makers and
payments industry experts from the Federal Reserve, NACHA, ECCHO and many more
coming together, it’s an honor to be asked to speak with national-caliber speakers,” said El
Hilali. “It’s great to return to EPCOR. Plus, it is another outstanding conference to engage
with our customers and meet their team in person,” she added.
Our session will present a field example of a third-party processor executive and a
potential originator who promised large origination fees. Ultimately, the third-party
processor was a victim of fraud, substantial losses, and ended up testifying in a federal
courtroom for the FBI.
In addition to the details of a three-step plan that the fraudsters used to defeat risk
mitigation measures, we will share the most common strategic mistakes that can leave
organization vulnerable, along with best practices for securing and enhancing your third-
party risk management program.
Argos Risk works with hundreds of organizations in implementing best practices related to
continuous third-party risk mitigation programs. “We look forward to presenting at this
conference and engaging with EPCOR’s members and payments professionals who are
discussing today’s security and risk management solutions,” said Lori Frank, President and
CEO of Argos Risk.
About Argos Risk
Argos Risk is a leading provider of Third-Party Risk Intelligence solutions. Formed in 2010,
we are experts in Third-Party Risk Intelligence services to fulfill a need for timely and
comprehensive risk mitigation knowledge. Innovative and affordable subscription services
help companies manage the risk associated with their third-party relationships; such as
Vendor Management, ACH/RDC originators and lending clients – direct and indirect, and
Supply Chain Management.
EPCOR is a not-for-profit trade association devoted to providing timely and relevant
payments education and support to members to help them maintain compliance, improve
operational processes, and mitigate risk and fraud. Through our affiliation with NACHA and
other industry associations, EPCOR fosters and promotes the improvement of the payment
systems which are in the best interest of our members. EPCOR serves more than 2,000
member banks, credit unions, thrifts and affiliated organizations located in Arkansas,
Indiana, Kansas, Kentucky, Missouri, Nebraska, Oklahoma, Ohio, Illinois, Iowa, Pennsylvania
and West Virginia.
For more information, visit www.epcor.org.