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FedNow® and RTP® Compliance with OFAC and Regulation E

Join us for guidance on critical compliance requirements for the FedNow® and RTP® networks. This session will delve into Regulation E compliance, focusing on error resolution and consumer protection to ensure your institution meets key regulatory expectations. Attendees will gain valuable insights into adhering to OFAC regulations, with best practices for preventing illicit transactions and maintaining compliance in real-time payment environments.

Upcoming
Thursday, March 6th, 2025
10:00 am - 11:30 am
Presented by Kevin Olsen
1.8 APRP Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • BSA
  • Compliance
  • Fraud
  • Risk Management/Legal
  • Bank Legal Counsel
  • Compliance Officer
  • Risk Manager
  • Security Officer
  • Senior Management
  • Training Manager
  • Trainer

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Join the Payments Professor for a vital webinar focusing on the intricacies of Regulation E and OFAC compliance in real-time payments through the FedNow® and RTP® networks. With the increasing adoption of instant payment systems, financial institutions must prioritize understanding and adhering to these regulations to protect against penalties and maintain secure operations. This session will provide attendees with essential insights into meeting compliance requirements while leveraging the benefits of real-time payments.

Key topics include in-depth guidance on Regulation E compliance, covering error resolution and consumer protection measures to safeguard both institutions and customers. Attendees will also learn best practices for adhering to OFAC regulations to prevent illicit transactions, as well as practical strategies for seamlessly integrating compliance into their FedNow® and RTP® Network implementation plans. Don’t miss this opportunity to stay ahead of regulatory challenges and strengthen your approach to real-time payments.

What You'll Learn

  • Guidance on Regulation E compliance, including error resolution and consumer protection
  • Nacha rules and CFPB FAQs references
  • Best practices for adhering to OFAC regulations to prevent illicit transactions
  • RTP Operating Rules, Operating Circular 8, and FedNow Service Operating Procedures references
  • Tips and strategies for integrating compliance into your FedNow and RTP® Network implementation plans

Who Should Attend

This webinar will equip compliance officers, risk managers, and payments professionals with the knowledge and tools needed to navigate the complexities of compliance in the real-time payments landscape when working with consumers and Regulation E or OFAC compliance with instant payments.

Kevin Olsen

Instructor Bio

Kevin Olsen is the Payments Professor bringing enthusiasm and motivation to presentations. Viewing the world as a classroom which is exemplified in the professor’s “edutainment” (when education is motivating, informative, and fun) style of training as he seeks to educate and inform all on the latest developments and trends in the fascinating world of electronic payments Kevin develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Kevin is also a certified business coach helping lead organizations to innovate and communicate in the ever-changing world of payments, including building of payment strategies with a focus on product development and use cases for faster payments (RTP & FedNow).

Among his many certifications, Kevin is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), an NCP (National Check Payments Certification) as well as an NCP Certified Trainer and a Certified High-Performance Coach (CHPC), and holds a masters in industrial organizational psychology from Liberty University.

Continuing Education Credit Information

FedNow® and RTP® Compliance with OFAC and Regulation E has been approved for 1.8 APRP renewal credits by Nacha. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at Nacha.

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