This session delivers a comprehensive foundation in U.S. electronic payments. We’ll explore the main channels – ACH, cards, wires, remote check deposits, RTP®, FedNow®, and stablecoins – highlighting how they work, where they fit, and who uses them. Attendees will gain a clear understanding of the key differences between banks and credit unions, the role of regulators and rule makers, and the major compliance requirements for each system (including Nacha, Reg E, Reg CC, UCC 4A, and Fed/Operating rules). Designed for both newcomers and professionals looking to refresh their knowledge, this webinar builds the big-picture framework you need to understand today’s rapidly evolving payments ecosystem. Join the Payments Professor for this 90-minute introductory session that provides a practical, high-level overview of every major U.S. payment channel and how banks and credit unions participate in them.
What You’ll Learn
- The main U.S. payment channels: ACH, cards, wires, electronic check deposits, RTP®, FedNow®, and stablecoins
- Key features, use cases, and limitations of each channel
- The difference between banks and credit unions in the payments system
- Overview of critical rules and regulations: Nacha Rules, Reg E, Reg CC, UCC 4A, FedNow® Service Operating Procedures, RTP® Rules
- How newer rails (FedNow® and stablecoins) complement traditional payment systems
- How to position your institution for success in an increasingly complex payments environment
Who Should Attend
This session is ideal for new hires in banks and credit unions, payments operations staff, compliance officers, risk managers, and anyone who needs a broad, high-level understanding of the U.S. electronic payments system.