FedNow Compliance: Understanding the Rules and Regs of the FedNow Service

In FedNow® Compliance: Understanding the Rules and Regulations of the FedNow® Service we focus on the rules and regulations governing the FedNow® Service. Instant payments continue to revolutionize the financial industry. This webinar will provide an overview of the regulatory framework and operational guidelines that govern FedNow®, including Operating Circular 8, Regulation J, the FedNow® Service Operating Procedures, and more.

Join the us for a session specifically focusing on the rules and regulations governing the FedNow® Service. As instant payments continue to revolutionize the financial industry, ensuring compliance with the relevant legal and operational standards is paramount. This webinar will provide an overview of the regulatory framework and operational guidelines that govern the FedNow® Service.

Gain a high-level understanding of how the FedNow® Service Operating Procedures, Operating Circular 8, Regulation J, Regulation E, UCC 4A, and other relevant regulations apply to the FedNow® Service. This includes reviewing each rule or regulation to identify its scope, purpose, and key provisions, with a focus on how they specifically relate to instant payments and the operational framework of FedNow®. We will also prioritize understanding the importance of each rule and regulation, as well as the hierarchy of these rules, to grasp their interplay and precedence in various compliance scenarios.

Key topics to be covered include:
• An introduction to the FedNow® Service and its significance in the payments landscape.
• Detailed examination of Operating Circular 8 and its implications for FedNow® participants.
• Understanding Regulation J and its application to FedNow® transactions.
• Overview of the FedNow® Service Operating Procedures and key compliance requirements.
• Best practices for aligning your institution’s operations with industry standards and regulatory expectations.
• Insights into other relevant industry standards and guidelines that impact FedNow® compliance.

Whether you’re a compliance officer, risk manager, involved in payment operations, or studying for the AFPP, this webinar will equip you with the knowledge and tools needed to navigate the complex regulatory environment surrounding FedNow®.

Reminder: The registration fee includes live attendance AND a playback recording of the session, available once the session concludes.

This session is eligible for Continuing Education (CE) credits by the American Bankers Association.