Treasury Cash Management - Compliance - Risk Management

Global Payments Advisors

WHAT WE DO
About

Global Payments Advisors

For over twenty years, Global Payments Advisors has been working with corporations, payments companies, governments, utilities, and universities to improve their treasury and cash management; payment and electronic commerce; and payments risk and compliance management. Whether you’re looking to evaluate or enhance your internal policies and procedures; review banking and payment vendor relationships or ensure compliance with National Automated Clearinghouse Association Rules, the Uniform Commercial Code’s payments sections, Payment Card Association Rules (including PCI) or other payments regulations, GPA can help.

About
Services

Consulting

Global Payments Advisors, specialists in corporate and financial institution working capital & cash management; payments & electronic commerce; and payments risk & compliance management, advises its clients so they can achieve excellence in:

Working Capital & Cash Management Policies, Procedures & Execution

Working Capital & Cash Management Policies, Procedures & Execution

We assist our customers with developing and implementing banking relationships (including Request for Proposal creation and management), cash management, inventory, receivable and payable systems, policies and procedures to add shareholder/stakeholder value, enhance efficiencies, heighten compliance, and reduce risk. Audits of existing systems, policies and procedures are available to our clients.

Payments & Electronic Commerce

Payments & Electronic Commerce

We have unique experience designing and building payment systems using the new tools: Electronic Data Interchange protocols, Smart Cards, Stored Value Cards, Internet Messaging, and WEB based instruction and reporting systems. We have expertise in standard encryption, authentication and non-repudiation systems.

GPA advises its customers on current actions and future strategies for converting paper payment systems to electronic service alternatives and increasing Electronic Commerce channels. We help our customers with buy versus build analyses, capacity allowances, and techniques for managing investments in technology and capacity that meet expectations for the conversion of paper to electronics.

Cash Management Systems & Operations

Cash Management Systems & Operations

Our corporate and financial institution customers ask us to design and implement cash management products, systems and operations in their “treasury” departments. This can, and often does, include bank and vendor selection, bank compensation programs, bank product selection, cash receipt and disbursement evaluations, money movement risk analysis, cash transaction information management, “channel” selection, and integration to other internal reporting systems, short-term debt and/or investment policies and programs and cash forecasting.

We are frequently asked to perform Operational Audits in search of “best practices,” reduced risk, improved productivity and profitability, and expanded marketing opportunities.

Risk & Compliance Management Assessment, Pricing & Minimization

Risk & Compliance Management Assessment, Pricing & Minimization

GPA is expert at assessing compliance (card, EFT and check payments), payments and settlement risk. We also have considerable experience at price setting to achieve an adequate return on payments risk or minimizing that risk to the greatest extent possible. Recognizing the elements of risk (operational, credit, systemic, temporal, legal/regulatory) and advising our clients on ways to earn a fair return on that risk is our core competency.

Our clients look to GPA for help in providing operational safety to new and emerging payments systems using intra- or Internet technologies. This includes payment life cycle protections at enrollment (“know your customer”), payment initiation (credit, operational and OFAC), infrastructure and settlement. We have strong experience in network and application security particularly as it relates to the needs of PCI, HIPPA, GLB and other Federal and State Privacy requirements.

Alternative Payments Decisions

Alternative Payments Decisions

Many of our customers have asked for help with decisions based on their core-competencies. GPA has developed an expertise in evaluating and executing outsourcing strategies for payments; cash management and working capital systems that can be better achieved with outside “partners.”

Payment System Evaluation & Product Development

Payment System Evaluation & Product Development

Traditional and non-traditional financial institutions (banks, payroll companies, insurance companies, brokerage firms, mutual funds and investment bankers) ask us to advise them on:

 Cash management product development and enhancement
 Check, automated clearinghouse, wire transfer, ATM, credit card, branch, inter- and intra-industry value exchange
 Collection and disbursement services
 Information reporting
 Evaluation, selection and integration of payments systems and operations
 New and emerging payments tools including mobile solutions
 Electronic data interchange
 Internet/web based payment and information systems
 Electronic checks & cash
 Float management
 Fee based product profitability and return on capital optimization
 Fee based product sales and marketing strategies
 Federal Reserve Bank, Clearinghouse, inter-bank and other available money movement and settlement mechanisms.

Services
Workshops

Workshops & Seminars

In addition to consulting, GPA offers seminars and workshops, which can be customized and can be in person or virtual, and will provide insightful and comprehensive treasury cash management and payments knowledge to you and your team. If you have a need for a topic which is not listed, please contact us to discuss.

Cards

Cards

• PCI compliance / Convenience/Service Fee Rules
• EMV implementation / Authorization Rules

Fraud Controls

Fraud Controls

• Positive Pay – Payee Verification / ACH Filters and Blocks
• Check Dollar Limits / Wire Transfer Controls

Regulation Discussion

Regulation Discussion

• Patriot Act / Bank Secrecy Act
• Card Association Rules / NACHA Regulations

Treasury Policies

Treasury Policies

• Bank Selection Policies / Bank Account Policies / Signature Authorities
• Cash / Treasury Management Product Acquisition Policies
• Cash Handling Policies / Disbursement Policies
• Wire Transfer Policies / Balance Control and Securitization Policies

Checks

Checks

• Uniform Commercial Code rules
• Signature rules/Stop Payments / Forged Endorsements
• Regulation CC / Return Check Rules / Check21 Rules
• Image Replacement Documents Remote Deposit / Image Cash Letters

Electronic Funds Transfer

Electronic Funds Transfer

• Uniform Commercial Code 4A
• Commercially Reasonable Security Procedures
• Originator Rules / Receiver Rules
• NACHA/Federal Reserve Rules
• Authorization Rules
• Check Conversion Rules / Return ACH Rules
• Employee & Vendor data base management
• Change Controls and Oversight

Balance Controls

Balance Controls

• FDIC Limits / Balance Collateralization
• Zero Balance Accounts / Reconciliations

Workshops
Management Team

Management Team

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David Kurrasch

President

Dave Kurrasch, President of Global Payments Advisors, has worked in corporate treasury, banking and consulting for over 40 years. His career started as a cash manager at a large, diversified corporation where, for 7 years, he ran the day-to-day cash desk, short term borrowings and investment, and bank relationships. Dave joined Wells Fargo Bank as Vice President and National Sales Manager for the Bank’s Treasury Management Division and later was promoted to Senior Vice President in charge of the Bank’s Treasury Management Product Development and Management operations. Dave and his team were responsible for all product development, risk and fraud management, unit costing and profitability analysis.

After 15 years at Wells Fargo, Dave founded Global Payments Advisors in 1997 and has provided consulting advice and contracting services to banks, corporations, universities, governments and FINTECH start-ups in the United States, Canada, Europe and Asia. He has deep experience in all facets of treasury management, payments, risk and fraud management and their statutory/regulatory compliance.

Dave is a founding member of the National Corporate Cash Managers Association (now the Association for Financial Professionals), past president of the Cal-Western Automated Clearinghouse Association, a member of various committees of the Federal Reserve Bank, the National Automated Clearinghouse Association, Visa and MasterCard. He holds a Bachelors Degree from the University of Wisconsin and a Masters of Finance from the American Graduate School of International Management.

William_DiSenso

William DiSenso

Senior Consultant

William joined Global Payments Advisors in 2017 and brings over twenty years of experience in payments, payment technology, operations, risk and fraud management, team development and organizational design, and has worked in both public and private sector organizations.
Previous roles include Director of Electronic Payments and Treasury Services for the Federal Reserve Bank of Boston; Global Payments Officer for the Federal Reserve Bank of New York and Vice President at MasterCard, RPPS. William has also held positions at the City of New York, Fiserv and IPP of America.

Management Team

Global Payments Advisors

We welcome you to contact us for more information
about any of our services.