Wire Service Messages…I know that!
The convenience and speed with which money can be sent around the world definitely has its advantages. And as bankers, we offer services but are always conscious of risk, especially when it involves Wire Transfers. To minimize the risk associated with wire transfers, your bank defines wire transfer policies, shores up wire transfers procedures, and even sets wire limits.
But it’s what you don’t know that can hurt your bank the most. One of the biggest monetary risks your bank faces with a wire transfer is often overlooked. Service Messages are easy to dismiss, yet the impact of an incorrect response can cost your bank serious money!
FNBB’s February 19, 2014 Footnotes will help your Wire Staff and Operations Personnel to recognize and accurately respond to a Service Message and can protect your bank from potential monetary losses. Participants will receive information that can help your bank reduce financial risk surrounding wire transfers by discussing:
- Receiving Service Messages
- Identifying and Interpreting a Service Message
- Properly Responding to a Service Message
- Ins and Outs of Creating a Service Message
- Common Uses for a Service Message
- What to Include in a Service Message
Click here to view the brochure.
Click here to Register Online.