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FedNow 2-Part Series

On-Demand - AAP/APRP Credits 2.4


Publisher: SFE
Year: 2022

Part 1 – Get to Know FedNow, Now

Ready to learn about the Federal Reserve's FedNow faster, instant, real-time payment channel/ system coming to the U.S.?

FedNow has the potential to forever change how payments process and flow in the U.S., but yet there are so many questions when it comes to FedNow!  What is it, what’s in it for me and more, but just where are the answers?

Join the Payments Professor to answer the questions everyone is asking about FedNow. 

What is FedNow?

Who can and how will they access FedNow?

Why now and when will it be available?

What features and functionality will be included?

What does this mean to other faster payment options?

When will it be available?

Part 2 – FedNow Prepare Now

What can I do now to prepare for FedNow? Start by learning about the different participation types that will be available, what use cases you will want to support, how settlement will work, what the reconciliation process will be like, including the reports available. Then get an understanding of the participant availability requirements and other issues that impact the technical side of offering an always on, always available instant payment system. Then make sure you know the fraud controls and data security requirements. Where can you learn all of this? In this one-hour session with the Payments Professor.

Presenter:

Kevin Olsen, AAP, NCP, APRP, CHPC
The Payments Professor

 



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