FedNow Risk Assessments & Fraud Controls

Audit & Accounting Compliance Directors Information Technology Operations Security & Fraud Senior Management

On-Demand Webinar

StreamedDec 14, 2022Duration60 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

FedNow is nearly here! This new payment channel will require proper planning and risk assessment.

Join us to learn and prepare for working with the FedNow service while also managing risk and product compliance.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Identify whether an audit or risk assessment is required for the FedNow service and how to comply
Describe the potential fraud associated with faster payments
Understand the unique risks of faster payments
Take advantage of the fraud controls offered by the Federal Reserve for the FedNow service
Establish a foundational understanding of the FedNow rules and regulations

WEBINAR DETAILS

As we approach the release of the FedNow service in 2023 – the first new payment channel from the Federal Reserve in 40 years – it is important to properly prepare. FedNow instant payments will be different from payment channels of the past. It is critical for financial institutions to understand the risks, controls, rules, and regulations surrounding this new service. Join the Payments Professor, Kevin Olsen, to learn about the risks and fraud that could be involved with FedNow, now!

WHO SHOULD ATTEND?

This session is best suited for directors, managers, compliance officers, and operations personnel.

TAKE-AWAY TOOLKIT

Links to FedNow service resources for fraud controls and the FedLine Security & Resiliency Assurance Program
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

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

TESTIMONIALS

"Kevin Olson presented a clear, concise description of the FedNow program and related information. His descriptions of needed risk assessments and fraud control were very informative."

- Troy, Merchants & Farmers Bank