What You'll Learn
In this class, the Payments Professor will guide you through the essential foundations of the U.S. electronic payments ecosystem. You'll explore how payment networks function, the shift from paper to digital payments, and the key players involved in moving money—fast, securely, and efficiently.
You'll learn how different payment networks operate, including ACH, card networks, wire transfer systems, and real-time payment systems like RTP® and FedNow®. Each network has unique features, costs, settlement speeds, and use cases—and this course will help you understand which is best for specific business or financial needs.
Through clear explanations, real-world examples, and practical comparisons, you'll gain insight into critical payment terms, clearing and settlement processes, and how to evaluate payment options based on speed, cost, risk, and functionality.
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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