FedNow Risk Assessments & Fraud Controls
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
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
Presented By
Pidgin/Payments Professor
© 2023 FINANCIAL EDUCATION & DEVELOPMENT, INC