Log in

Greater Washington AFP

GWAFP March 2014 Monthly Meeting

  • 12 Mar 2014
  • 12:30 PM - 3:00 PM
  • ManTech International Corporation


Registration is closed


March 12, 2014  Meeting



12:30 - 1:00 p.m.               Buffet Lunch, Welcome and Introductory Remarks

1:00 - 1:50 p.m.                 Topic: “Tax Collection Overview – Fiscal Services Lockbox Program”

In 1985, the IRS began utilizing lockbox banks in order to expedite the deposit of funds into Treasury.  The Fiscal Service’s Lockbox Program has grown into a network of Financial Agents (FAs) authorized to process individual (IMF) and business (BMF) taxpayer payments on behalf of the U.S. Government. 

The FAs deposit the taxpayers’ payment and forward applicable tax forms or documentation to the IRS as quickly and efficiently as possible.   The FAs are partnered with IRS Submission Processing Centers (SPCs) throughout the country to process and record the taxpayer information being sent to them from the FA lockbox sites.  Currently, there are 3 FAs in the network operating 5 tax payment processing sites.   These sites are responsible for the collection of approximately 60 million items and $320 billion annually.


Learning objectives:

  • Understand the lockbox network mission to efficiently collect and process tax payments while decreasing costs, accelerating deposits, and ensuring quality of work.
  • Learn the methods of maintaining proper security controls to protect confidentiality and identity information.
  • Discover how Fiscal Services enhanced the lockbox network through automation.

Speaker: Tannura Elie, Supervisory Program Manager, Department of Treasury

As a Department of Treasury Supervisory Program Manager with over 18 years’ experience Tannura’s responsibilities include oversight of banking and financial services operations, including automated clearing house operations, lockbox operation, associated banking technology, the secure processing of financial transactions, and all related project management standards.  As the Fiscal Service IRS Lockbox Program Manager she supervises a staff of senior level Financial Program Specialists in the management of five IRS Lockbox sites.  In 2013 the IRS lockbox network processed 54 million in federal tax payment transactions and collected $300 billion in Federal tax revenue.  Additionally, she administers and oversees the IRS Lockbox’s annual program budget of approximately $111 million annually.  In general, the two primary objectives of her role are to oversee day-to-day network operations to ensure Treasury collections are processed timely and accurately and to manage relationships and agreements with commercial banks and government agency officials.


Tannura is also a former Greater Washington Association for Financial Professionals, Board Member, and Assistant Treasurer.  She received an MBA from University of Maryland University College and BBA from Howard University, Washington.

2:00 - 2:50 p.m.  Topic:  Payment Trends: Fraud, Risk Management & EMV

This presentation will discuss recent trends in payments fraud and risk management, as well as the progress of the adoption of the Europay-MasterCard-Visa (EMV) standard for processing credit card transactions in the U.S. Among the highlights will be a review of some of the corporate account takeover ("CATO") cases that have gone to court; the audience will hear about the circumstances of those cases and how things have turned out for the banks and the corporates involved. The presentation will also cover best practices for banks and corporates to mitigate payments fraud and CATO.


Learning Objectives:

·         Learn recent trends in payment fraud and risk management.

·         Understand how court cases for CATO affected both corporations and banks.

·         Understand how to mitigate payment fraud and CATO.

Speaker:  Matt Davies, AAP, CTP, CPP, is the Payments Outreach Officer for the Federal Reserve Bank of Dallas.


Matt has over 16 years of experience in the payments industry, nearly 14 of those with the Federal Reserve Banks, first in Kansas City and later in Dallas. He has also served as a product manager in the bankcard and commercial banking industries.


Matt is an Accredited ACH Professional (AAP), a Certified Treasury Professional (CTP) and a Certified Payments Professional (CPP). He serves on the board of the Dallas Association for Financial Professionals, and frequently speaks at various industry events. He is a co-author of the working paper Nonbanks in the Payments System, published in book form by the Federal Reserve Bank of Kansas City in 2003.

A native of St. Louis, Missouri, Matt graduated from William Jewell College in Liberty, Missouri, with a Bachelor of Arts in Political Science and History. He is also a 2013 graduate of the Graduate School of Banking at the University of Wisconsin at Madison. For the last three years he has volunteered in various capacities with the United Way.



Please register by March 10, 2014, using our online meeting registration form (

Members: $35

Non-Members: $55


Course attendance recommended for 1 CPE, CAE or CTP credit per 50 minutes.

Delivery Method: Group-live

Program Level: Intermediate

Prerequisites: No Prerequisites Required

Advanced Preparation: No Advanced Preparation Required

Greater Washington Association of Financial Professionals is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN37219-2417. Website:


Sessions generally will be cancelled only for inclement weather. If the U.S. Government closes due to severe weather, the session will be cancelled.  Every effort will be made to notify registered participants of the cancellation by email. In the event of advance payments, participants may request funds be applied to the next upcoming meeting provided 48 hours of notification are given.

Complaints should be directed to the Education Committee at; if resolution cannot be achieved at this level, the complaint will be reviewed by the Executive Committee.

Privacy notice: If you have received this notice in error, and do not wish to be subscribed to our list, please send an email to William Spinnell ( with the word "unsubscribe" in the subject. GWAFP operates in compliance with privacy laws governing Internet communications.

For more information:

Contact: Bill Spinnell

Phone: (202) 442-7564


Powered by Wild Apricot Membership Software