Wire Transfer Expert in Banking Processes

Case Description:

A wire transfer expert in banking procedures was sought for an economic damages case alleging negligence and breach of warranty. The case resulted from the loss of over $1 million during the wire transfer process and the plaintiffs were suing to recoup those losses. Wire transfer is a federally regulated method of transferring money from one entity to another. In the United States, domestic wire transfers are governed by Federal Regulation J and by Article 4A of the Uniform Commercial Code.

IMS ExpertServices was asked to locate an expert in wire transfer familiar with the banking processes of wire transfer and the applicable banking rules and regulations. The expert was needed to consult on alleged negligence on the part of the financial institution responsible for the wire transfer of the funds.

Experts Presented:

  • Commercial Banking

    This expert in banking practices has spent more than 25 years consulting to the financial industry in areas such as e-commerce and Internet banking, cash management, credit cards and debit cards, ATM services and systems, home banking, and check processing. He began his career in bank operations at Citibank where he worked with wire transfers and electronic funds transfers. This commercial banking expert is familiar with banking regulations regarding wire transfer procedures. He is a sought-after speaker and has been published extensively in major banking magazines.IMS Reference #1218418

  • Payment Systems

    This wire transfer procedures expert owns and operates a consulting practice which specializes in loss prevention, including in the wire transfer area. He is a former executive with Citibank's Loss Prevention and Regulatory Compliance divisions where he learned a great deal about how wire transfers operate, how mistakes are made, and how potential losses can happen. In this position he was required to be proficient in banking regulations, that govern the wire transfer process and the responsibilities of the financial institution should a loss occur. He is an experienced expert witness who has given depositions and trial testimony many times.IMS Reference #4995988

  • Bank Operations

    This wire transfer expert has over 23 years experience in the banking industry. During her career she has overseen the operations of hundreds of banks and authored many of the best practices for the industry. She is very knowledgeable of all aspects of bank operations, regulation, and examination and serves as a consultant to the banking industry on compliance with regulatory requirements and industry standards. She holds a bachelor's degree from Vanderbilt University.IMS Reference #4978237

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Industry: All, Banking