On Demand Course

Risk and Fraud with FedNow- Mitigating Risk While Protecting You and Your Customers

With the increase in speed and convenience, there is also an increased risk of fraud and potential cybercrime. To protect against this, payment providers must have an understanding of the risks associated with the use of this service and the necessary solutions to mitigate them.

Learning Objectives

After attending this presentation, participants will be able to:

  • Notice key fraud threats
  • Define risk types
  • Understand how to implement real-time monitoring, transaction scoring, and risk-based delays
  • Implement practical strategies for customer education, dispute resolution, and fraud reporting
Kevin Olsen 1 HR
Included with Team Membership

About This Course

With great speed comes great risk. Maybe. In this session, the Payments Professor Olsen explores the evolving risk landscape of instant payments and how financial institutions can stay ahead of fraud in the FedNow® era.

You'll learn:

  • Key fraud threats including credit-push fraud, APP scams, and account takeovers

  • Risk types: credit, liquidity, operational, legal, and third-party risks

  • Tools like account activity thresholds, negative lists, and “Accept Without Posting”

  • How to implement real-time monitoring, transaction scoring, and risk-based delays

  • FedNow® fraud controls, regulatory obligations (Reg E, Reg J, UCC 4A), and compliance best practices

  • Practical strategies for customer education, dispute resolution, and fraud reporting

If you're responsible for protecting your institution and your customers in a 24/7 payment world, this session gives you the framework, tools, and insights to do it right.

 

 

*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