On Demand Course

FedNow Faster Payments Basics- What Banks and Credit Unions Need to Know

Join the Payments Professor to learn about the participants in the FedNow® network , the different participation types, and the basics of settlement.

Learning Objectives

After attending this presentation, participants will be able to:

  • Describe what makes a payment “faster” — and why it matters
  • Compare and contrast real-time, near-real-time, and same-day payments
  • Label key traits like clearing, settlement, irrevocability, and finality
  • Compare the differences in closed-loop and open-loop systems
  • Understand applicable Rules, risks, and regulations
Kevin Olsen 1 HR
Included with Team Membership

About This Course

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:

  • What makes a payment “faster” — and why it matters

  • The differences between real-time, near-real-time, and same-day

  • Key traits like clearing, settlement, irrevocability, and finality

  • How closed-loop and open-loop systems compare

  • 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. 

Your Instructor

Kevin Olsen
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.

Training your team?

This course is covered under team memberships.

See Team Memberships
Buying for yourself?
$ 199
Included with Team Membership
Training your team?

This course is covered under team memberships.

See Team Memberships
$ 199
per attendee