Electronic Payments 101: Introduction to Electronic Payments

On Demand Course

Instructor: Kevin Olsen

Duration: 1 HR

What You'll Learn

Are you new to the banking industry and wondering how all the pieces of the payments puzzle fit together? This webinar is your crash course on the core payment systems that power money movement in the U.S.

In this lively and interactive webinar, the Payments Professor will break down the essential payment rails every banker needs to understand — ACH, Remote Deposit Capture (RDC), Cards, Wires, RTP®, and FedNow® — and explain how each one moves money, who uses them, and why they matter.

Topics covered in this session

ACH Basics: How batch-based payments work, key use cases (payroll, bill pay), and settlement timing
Remote Deposit Capture: How check images move through the system and risk considerations for financial institutions
Card Payments: The difference between credit, debit, and prepaid cards and the role of card networks
Wire Transfers: Why wires are typically used for large-dollar, high-priority payments
Instant/Real-Time Payments (RTP® & FedNow®): How instant payments are changing the game with 24x7x365 clearing and settlement
Risk & Compliance Basics: What new bankers should watch for when supporting each payment channel

*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

About the Author:

Kevin Olsen

Kevin Olsen is a certified AAP (Accredited ACH Professional), APRP (Accredited Payments Risk Professional), NCP (National Check Professional), as well as a certified NCP Instructor with additional computer network, database, and security settings. Over the past couple decades, Kevin has been involved with product creation, design, implementation, education, and consulting for multiple platforms within remote deposit capture, ACH, and faster payments. Kevin has worked with financial institutions of all sizes in multiple countries to create products services, departments, systems, teams, and results that help financial institutions become more productive, compliant, and secure.

On-Demand Course