Playing the Numbers: Assigning EFT Testing Priorities

graph showing risk exposure assigned to event priority

When assigning event priority, the overriding impetus is minimizing the financial impact on the institution. In every case, an event that has a high financial impact but is unlikely to occur will be rated as a higher priority event than one that is highly likely to occur but has a small financial impact. So an event with a low probability of occurrence (x=1) and a high financial impact (y=4) falls into priority 2 (1, 4), while an event with a high probability (x=4) but a low financial impact (y=1) falls into priority 3 (4, 1).

Examples of Electronic Payment Events and Their Priorities

Let's look at some examples of events in the quadrants.

electronic payment events and their priorities

Page 3 of 6

< Previous Page 1 2 3 4 5 6 Next >