Basic Learning Path: Faster Payments

As you know, Faster Payments are no longer in the future; they are here. Whether it's blockchain and cryptocurrencies, P2P options such as Venmo and Zelle, or Real-Time Payments (RTP), it is vital for every financial institution to determine how Faster Payments fit into its overall strategy and risk mitigation. This certificate provides a basic overview of common Faster Payments options, the various risks associated with Faster Payments and an overview of RTP and common P2P Applications.

John Curtis, AAP, NCP, APRP

SVP, Education & Training

John has over twenty years of experience in payments and has held positions in Treasury Management, Information Systems and Corporate Training and Development. John was Product Manager for Electronic Payments including ACH, EDI and Emerging Payment Technologies for fourteen years at Bank of the West. He has served as Chairman of WesPay’s Education Committee and as an Advisor to the WesPay Board of Directors. John served as the Chairman of the Board of Payments Resource One (PRO). He is a member of the American Bankers Association Task Force on Payments Law and has lectured on payments topics including legal issues, emerging technologies, compliance and risk management.

As Senior Vice President of Education and Training, John Curtis oversees the educational offerings for WesPay to ensure members have access to high quality, timely and relevant training that is critical for success in today’s ever changing payments landscape. Before coming to WesPay, John dedicated the previous fourteen years of his career to the payments arena as a Product Manager for Electronic Payments covering ACH, EDI and Emerging Payment Technologies. He holds the AAP, NCP and APRP accreditations.

Jim Petkovits, AAP, NCP, APRP

VP, Education & Training

Jim is Vice President of Education for WesPay and has over eighteen years of payments experience. Jim is responsible for developing and providing education and training to WesPay members through in-person workshops, webinars and in-house training. Prior to joining WesPay, Jim was the ACH Education and Training Manager for NWCHA since 2001, and a Customer Service Manager for Bank of America’s ACH Regional Processing Center in Seattle. Jim holds the Accredited ACH Professional (AAP), National Check Professional (NCP), and Accredited Payments Risk Professional (APRP) accreditations.

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A Look at P2P Applications (Webcast)
Recorded 07/31/2018
Recorded 07/31/2018 Person-to-Person (P2P) payments, that allow a person to transfer funds from their account to another individuals account via a mobile device, are quickly gaining acceptance and use. Payment options from FinTech providers like PayPal, Venmo, Facebook Messenger, Snap Cash and Apple Pay Cash are meeting your accountholder’s payments needs and taking away deposits from your financial institution. In response, Early Warning has developed Zelle; a P2P option that can integrate with your on-line banking application. This session will provide an overview of the most common P2P applications, allowing you to better understand the potential impacts to your organization.
Quiz - A Look at P2P Applications
5 Questions  |  Unlimited attempts  |  5/5 points to pass
5 Questions  |  Unlimited attempts  |  5/5 points to pass
Faster Payments Risk (Webcast)
Recorded 07/31/2018
Recorded 07/31/2018 Although they move us forward when it comes to speed, Faster Payments can also mean faster fraud. As you determine your strategy, you must also address risk management aspects in your Risk Assessment. This session will discuss some of the various risks associated with Faster Payments and some of the tools you’ll need to keep yourself protected.
Quiz - Faster Payments Risk
10 Questions  |  Unlimited attempts  |  10/10 points to pass
10 Questions  |  Unlimited attempts  |  10/10 points to pass
Faster Payments Strategy and Use Cases (Webcast)
Recorded 08/01/2018
Recorded 08/01/2018 Faster Payments are no longer in the future; they are here. Whether it’s blockchain and cryptocurrencies, P2P options such as Venmo and Zelle, or Real-Time Payments, it is vital for every financial institution to determine how these new payment options fit into its overall strategy. This session provides a basic overview of common Faster Payments options and key factors to consider as your organization grows its Faster Payments strategy.
Quiz - Faster Payments Strategy and Use Cases
10 Questions  |  Unlimited attempts  |  10/10 points to pass
10 Questions  |  Unlimited attempts  |  10/10 points to pass
Real-time Payments Operations & Implementation (Webcast)
Recorded 08/01/2018
Recorded 08/01/2018 Real-Time Payments (RTP) is the first completely new payment channel in nearly 40 years. Created by the Clearing House and available 24/7, it promises to provide new opportunities to every participating financial institution. But understanding how the network works, and how it fits within your faster payments strategy is vital before you take the necessary steps to participate. This session introduces attendees to the fundamentals of RTP so your financial institution can make the right decision about your participation and the next-steps to implementation.
Quiz - Real-time Payments Operations & Implementation
10 Questions  |  Unlimited attempts  |  10/10 points to pass
10 Questions  |  Unlimited attempts  |  10/10 points to pass
Real-time Payments Rules & Compliance (Webcast)
Recorded 07/31/2018
Recorded 07/31/2018 As a brand-new payments channel, Real-Time Payments (RTP), created by The Clearing House, will soon be available to every financial institution in the U.S. As with all other payment systems, participation means you must agree to comply with a new set of network rules. This session will give you a basic overview of some of the key rules for this new network to assist you in your discussion as you develop you faster payments strategy.
Quiz - Real-time Payments Rules & Compliance
10 Questions  |  Unlimited attempts  |  10/10 points to pass
10 Questions  |  Unlimited attempts  |  10/10 points to pass
Certificate - Faster Payments
0.00 credits  |  Certificate available
0.00 credits  |  Certificate available
AAP CE Credits
6.00 AAP credits  |  No certificate available
6.00 AAP credits  |  No certificate available