In the rapidly evolving world of electronic payments, understanding the nuances of Same Day ACH, RTP®, and FedNow® is essential for any forward-thinking financial institution. These systems aim to speed up payments but differ significantly in their features, transaction limits, and functionalities.
As FedNow® introduces specialized tools and unique liquidity management options, it becomes crucial for institutions to grasp these distinctions. In this webinar, led by the Payments Professor, attendees will receive an in-depth breakdown of each platform’s mechanics, benefits, and differentiating factors to help determine the best fit for their institution’s goals and customer needs.
You’ll learn about the critical role of liquidity management tools within FedNow® and their impact on payment processing efficiency, as well as explore the key differences and similarities between these three systems.
In addition, this webinar will cover strategies to align and integrate these payment methods with existing banking services, ensuring seamless operations and customer satisfaction. Attendees will also receive an overview of the basic clearing and settlement processes in faster payment channels while learning which payment channel is best for their financial institution.
We’ll explore strategies to seamlessly align and integrate these payment methods with existing banking services while gaining a foundational understanding of clearing and settlement in faster payment channels. This overview equips participants with the knowledge to make informed decisions and effectively leverage these systems to enhance their organization’s payment capabilities. This session is ideal for professionals looking to stay current with the latest advancements in the payment industry and enhance their institution’s capabilities.
What You’ll Learn
- In-depth insights into the mechanics of Same Day ACH, RTP®, and FedNow®
- Transaction limits and the unique offerings of each system
- The significance of liquidity management tools in FedNow® and their impact
- Key differences and similarities between the three payment methods
- Strategies to align and integrate chosen systems with existing banking offerings
- Understanding the basic clearing and settlement basics in faster payment channels
Who Should Attend
This webinar is pivotal for operations managers, digital strategy professionals, innovation and product development teams, and training and development departments aiming to stay abreast of the latest payment methods.