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