What You'll Learn
The FedNow® Service is a new instant payment service developed by the Federal Reserve Banks to enable financial institutions of every size to offer faster payments to their customers. It will facilitate the transfer of funds between banks in near real-time, allowing individuals and businesses to access and spend funds instantaneously. The Federal Reserve Board has implemented changes to Regulations J, crated Operating Circular 8 and also employed changes to the settlement services used by banks to facilitate faster payments. Additionally, the FedNow Service will help ensure that financial institutions can offer end-to-end faster payment services to customers, helping to facilitate real economic benefits for individuals and businesses, but all of this must be done in compliance with new and existing rules and regulations including OFAC, Regulation E, and UCC 4a. Are there others? What rules and regulations govern FedNow®?
You Might Also Like
On-Demand Course
2025 NACHA Rules Changes and 2024 Review: From Rules to Implementation
On-Demand Course
This Course takes you through the 2025 Rules changes, proposed changes and discuss best business practices for how financial institutions should implement these changes internally and downstream to their ACH Originators.
Instructor: Terri Sands
299.00
Order Today
Role: Payments
299.00
Order Today
On-Demand Course
Account Officer Training on ACH/RDC Credit and Transactional Underwriting, Setting Exposure Limits and Performing Periodic Reviews
On-Demand Course
Many financial institutions struggle with setting appropriate exposure limits for ACH and RDC clients. This course explores NACHA-defined exposure, effective calculation methods, and best practices for setting limits. Attendees will also learn how to handle temporary over-limits and permanent lim...
Instructor: Terri Sands
299.00
Order Today
Role: Branch Operations
Credits: 1.2 AAP Credits
299.00
Order Today
Bundle
AAP Exam Prep Bundle (10-part Course Series)
Bundle
Bundle
Bundle Overview: This 10 course, instructor-led training series offers comprehensive preparation for banking professionals pursuing the Accredited ACH Professional (AAP) Exam. Whether you're pursuing certification or looking to deepen your understanding of ACH operations and risk, this 10-part co...
1,499.00
Order Today
Role: Payments
Credits: 7.2 CPE/NASBA, 12 Nacha (AAP/APRP), 9 ABA (CRCM, CAFP, or CERP vary by course)
1,499.00
Order Today
On-Demand Course
Investigating Debit Card Disputes while Balancing Debit Card Losses
On-Demand Course
Handling debit card disputes are an integral part of a financial institutions requirements to comply with Regulation E while not writing off unnecessary debit card losses. What questions do you ask a consumer based on the circumstance?
Instructor: Terri Sands
299.00
Order Today
Role: Payments
299.00
Order Today