What You'll Learn
In this class with the Payments Professor, you'll explore wire transfers as a key payment network in the U.S. Discover how Fedwire® and CHIPS® power high-value, time-sensitive domestic and international payments. You'll learn the full wire process—from sender to settlement—along with the required information, risk controls, fraud concerns, and evolving standards like ISO® 20022. The course covers the differences between Fedwire® and CHIPS®, security and compliance obligations (including AML and OFAC), and how wire transfers compare to modern instant payment options like RTP® and FedNow®. Whether you're new to wires or brushing up, you'll leave wired with knowledge.
Interested in learning all about channel payment types? Check out our Channel Payments certification and save 55%!
*This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Accreditations
Nacha (National Automated Clearing House Association) -AAP/APRP
Nacha has approved this course as eligible for AAP or APRP Renewal Credit(s).
Requesting CE:
Upon completion of this course, please email
creditrequest@nogginguru.com
to obtain a CE certificate.
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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