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What’s the Difference? Same Day ACH, RTP®, & FedNow® Explained

Join our upcoming webinar to gain a comprehensive understanding of the mechanics behind Same Day ACH, RTP®, and FedNow®. This session will dive into the transaction limits and unique features of each system, offering you valuable insights into how these faster payment methods operate.

Upcoming
Tuesday, January 21st, 2025
10:00 am - 11:00 am
Presented by Kevin Olsen
1.2 AAP & 1.2 APRP Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Management/Employee Development
  • Risk Management/Legal
  • Sales
  • Branch Manager
  • Deposit Operations Manager/Specialist
  • Marketing Officer/Business Development
  • Senior Management
  • Training Manager
  • Trainer

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In the rapidly evolving world of electronic payments, understanding the nuances of Same Day ACH, RTP®, and FedNow® is essential for any forward-thinking financial institution. These systems aim to speed up payments but differ significantly in their features, transaction limits, and functionalities.

As FedNow® introduces specialized tools and unique liquidity management options, it becomes crucial for institutions to grasp these distinctions. In this webinar, led by the Payments Professor, attendees will receive an in-depth breakdown of each platform’s mechanics, benefits, and differentiating factors to help determine the best fit for their institution’s goals and customer needs.

You'll learn about the critical role of liquidity management tools within FedNow® and their impact on payment processing efficiency, as well as explore the key differences and similarities between these three systems.

In addition, this webinar will cover strategies to align and integrate these payment methods with existing banking services, ensuring seamless operations and customer satisfaction. Attendees will also receive an overview of the basic clearing and settlement processes in faster payment channels while learning which payment channel is best for their financial institution.

We’ll explore strategies to seamlessly align and integrate these payment methods with existing banking services while gaining a foundational understanding of clearing and settlement in faster payment channels. This overview equips participants with the knowledge to make informed decisions and effectively leverage these systems to enhance their organization’s payment capabilities. This session is ideal for professionals looking to stay current with the latest advancements in the payment industry and enhance their institution’s capabilities.

What You'll Learn

  • In-depth insights into the mechanics of Same Day ACH, RTP®, and FedNow®
  • Transaction limits and the unique offerings of each system
  • The significance of liquidity management tools in FedNow® and their impact
  • Key differences and similarities between the three payment methods
  • Strategies to align and integrate chosen systems with existing banking offerings
  • Understanding the basic clearing and settlement basics in faster payment channels

Who Should Attend

This webinar is pivotal for operations managers, digital strategy professionals, innovation and product development teams, and training and development departments aiming to stay abreast of the latest payment methods.

Kevin Olsen

Instructor Bio

Kevin Olsen is the Payments Professor bringing enthusiasm and motivation to presentations. Viewing the world as a classroom which is exemplified in the professor’s “edutainment” (when education is motivating, informative, and fun) style of training as he seeks to educate and inform all on the latest developments and trends in the fascinating world of electronic payments Kevin develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Kevin is also a certified business coach helping lead organizations to innovate and communicate in the ever-changing world of payments, including building of payment strategies with a focus on product development and use cases for faster payments (RTP & FedNow).

Among his many certifications, Kevin is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), an NCP (National Check Payments Certification) as well as an NCP Certified Trainer and a Certified High-Performance Coach (CHPC), and holds a masters in industrial organizational psychology from Liberty University.

Continuing Education Credit Information

What’s the Difference? Same Day ACH, RTP®, & FedNow® Explained has been approved for 1.2 AAP renewal credits by Nacha. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at Nacha.

What’s the Difference? Same Day ACH, RTP®, & FedNow® Explained has been approved for 1.2 APRP renewal credits by Nacha. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at Nacha.

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