Wire Basics
About This Course
Wire transfers are one of the fastest and most final ways to move money, which makes accuracy and security essential at every step. This course covers how wire transfers work from request to settlement, starting with the fundamentals of Fedwire as a real-time gross settlement, credit-push payment system and the move to the ISO 20022 messaging standard. Participants will compare domestic and international wires, see how correspondent banks, SWIFT, CHIPS, and foreign exchange support cross-border payments, and learn how drawdown requests fit into the process. The session also reviews the main rules that govern wire activity, including the Electronic Fund Transfer Act and the Remittance Transfer Rule, the BSA and Travel Rule, Regulation J, UCC Article 4A, OFAC sanctions screening, and FFIEC authentication guidance.
The course then turns to daily operations, including how wire requests come in through in-person, offline, online, and internal channels. It explains how authentication, documentation, approval limits, and customer agreements protect both the institution and its customers. Participants will learn how to handle exceptions such as uncollected funds, incomplete documentation, and missing approvals, and why recalls and service messages are only requests, not guarantees. The course closes with practical ways to prevent wire fraud, including business email compromise and account takeover, by verifying the request itself and not just the available funds. It is designed for frontline, back-office, and operations staff at any experience level.
*This course does NOT qualify, nor meet the National Standard for NASBA accreditation.
What You Will Learn
Topics Covered in This Course
Your Instructor
Kelly Rozier has extensive banking experience; specializing is Electronic Payments and fraud.
Ms. Rozier advises both financial institutions and their service providers on payments audits, process improvement, and risk management. She provides expertise in ACH, Wire Transfer, Remote Deposit Capture (RDC), and other payment systems, including audits of third-party senders and service providers. She works closely with banking professionals, , risk managers, compliance officers, and operations teams in the context of payments compliance, process optimization, financial risk management, and regulatory education. Additionally, Kelly collaborates with the Simplify Risk–Secura membership program to deliver education and resources tailored to banks, fintech companies and credit unions
Prior to joining Stout, Kelly was responsible for the payment’s governance including treasury services and oversight for an $18 billion in assets financial institution. Kelly has a significant amount of experience working on the financial institution side and working with all the major core providers on electronic payments needs based on external fraud threats, network and regulatory requirements. Kelly also has ten years of experience working directly with the BSA/AML and fraud areas specific to electronic payments fraud and incident response.
This course is covered under team memberships.
See Team Memberships