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Navigating the Rules and Regulations of Fraud & Risk in FedNow® and RTP® Webinar

September 4, 2024 1:30 pm - 2:30 pm

The new era of real-time payments, ushered in by FedNow® and RTP®, offers unparalleled convenience. However, with these advancements come new vectors for fraud and risk. This webinar is tailored to provide attendees with a comprehensive understanding of the distinctive challenges posed by these real-time systems. Taken from the perspective of what Nacha, The Clearing House, and the Federal Reserve have made public in rules and guidance, you will learn how to create strategies to minimize credit fraud. From an in-depth exploration of monitoring requirements to the nuances of the FRB Fraud Classifier in relation to FedNow®, we will cover it all. Participants will also learn the intricacies of notifications in RTP® and the collaborative efforts essential in this new age of payments. With the right knowledge, financial institutions can not only mitigate threats but also flourish in this new landscape.

What You’ll Learn

  • Specific fraud and risk exclusive to FedNow® and RTP® transactions
  • Fraud reporting requirement for the FedNow® and RTP® networks
  • Operating Circular 8 – what it means to your institution
  • Monitoring intricacies and mandatory reporting guidelines for real-time systems
  • Implications of the FRB Fraud Classifier within the FedNow® context
  • System vs. Participant notifications in RTP®
  • Best practices for fraud detection and prevention

Who Should Attend
This session is crucial for fraud and risk management experts, payments strategists, and top-tier executives of financial institutions, especially those actively engaged or planning to onboard real-time payment platforms like FedNow® and RTP®. It is particularly beneficial for Risk Management Specialists, Cybersecurity Officers, Operations Managers, Digital Strategy Professionals, Risk Management Departments, Compliance Officers, IT Departments, Innovation and Product Development Teams, and Training and Development Departments.