This session provides a full introduction to FedNow®, covering its purpose, mechanics, and main use cases. Attendees will learn how transactions flow through the network, how exceptions are processed, and what regulations apply (including Operating Circular 8, Regulation J, and the FedNow® Service Operating Procedures). We’ll also cover fraud and risk monitoring requirements, key compliance considerations, and how exception handling works in a real-time environment. Finally, the session will look ahead with a status update on FedNow® adoption and what financial institutions should expect in the coming years. Join the Payments Professor for this 90-minute session that delivers a clear, practical overview of FedNow® – perfect for staff, management, and leadership teams who want the big picture without diving too deep into technical details.
What You’ll Learn
- What FedNow® is and how it works.
- Main use cases: P2P, bill pay, B2B, government disbursements, and more.
- Key rules and regulations (Reg J, Operating Circular 8, FFedNow® SOPs).
- Exception and error processing in a 24/7/365 environment.
- Risk and fraud monitoring requirements every participant must know.
- Current adoption status and what’s next for FedNow® in the U.S.
Who Should Attend
This session is ideal for bank and credit union staff, managers, and executives seeking a well-rounded understanding of FedNow®, from front-line operations to compliance, risk management, and strategic planning.