Webinar: Regulations Affecting Instant Payments
January 23, 2024 3:00 pm - 4:30 pm
Do you know the seven rules that affect instant payments?
Do you know how they control the instant payments system? Whether you originate or receive instant payments, this webinar will be beneficial. It will walk through various scenarios to determine the governing rule, law, or regulation, and how to apply it to instant payment processing challenges.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Identify and define the seven rules, laws, and regulations affecting instant payments
- Explain how each of the seven impact processing of the instant payment systems
- Choose the appropriate rule, law, or regulation as it applies to a given scenario
- Distinguish whether the FedNow Operating Procedures or the RTP Operating Procedures apply
WEBINAR DETAILS
Regardless of whether your institution plans to originate instant payments, receiving them is inevitable. And just like ACH payments, even if you only receive these transactions, you must play by the rules. Join this program to learn the regulatory impact of instant payments such as FedNow and RTP on your financial institution. It will cover Reg CC (both FedNow and RTP are covered as electronic payments), Regulation E and instant payment returns, OFAC guidance on instant payments, UCC 4A, Regulation J, RTP Operating Rules, the Federal Reserve Operating Circular 8, and more! Find out how these rules and regulations apply to instant payment processing for both originating and receiving financial institutions.
WHO SHOULD ATTEND?
This informative session is designed for payments operations staff, cash/treasury management personnel, audit/compliance staff, and those individuals with the AAP and/or APRP accreditation.
TAKE-AWAY TOOLKIT
- Table of regulations affecting instant payments channels
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Emily Nelson, EPCOR
Emily Nelson joined EPCOR’s Advisory Services department in 2019 where she conducted audits and risk assessments. In 2023, she joined EPCOR’s education team as Manager of Payments Education. She designs and leads payments compliance education programs impacting traditional and instant payments in support of over 1,800 financial institutions and corporate members. Emily obtained her Accredited ACH Professional designation in October 2019, National Check Professional in May 2021, and Accredited Payments Risk Professional in August 2022. She is also the staff liaison for the Payments Compliance and Risk Committee, one of several EPCOR member-led committees.