What You'll Learn
Confused by all the faster payments talk? This foundational course breaks it all down for banks and credit unions looking to understand today’s modern payment rails. Untangle the myths, compares the platforms (FedNow®, RTP®, Same Day ACH, Zelle®, Cash App®, Visa Direct®, and more), and clarifies how each can fit into your payment’s strategy.
You’ll learn:
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What makes a payment “faster” — and why it matters
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The differences between real-time, near-real-time, and same-day
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Key traits like clearing, settlement, irrevocability, and finality
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How closed-loop and open-loop systems compare
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Rules, risks, and regulations you must understand
Whether you're new to faster payments or need a better grasp of where your institution fits in, this session provides the practical knowledge and terminology you need to speak “payments” fluently.
*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
About the Author:
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.
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