Legal Framework of RTP and FedNow

When:  Aug 6, 2024
Regardless of whether your institution plans to originate instant payments, receiving instant payments is inevitable. And just like ACH payments, even if you only receive these transactions, you have to play by the rules! Join us to understand the regulatory impact of instant payments such as FedNow® and RTP® on your financial institution. We'll cover Reg CC (yep - both FedNow® and RTP® are covered as electronic payments), Regulation E and instant payment returns, OFAC guidance on instant payments, UCC4A, Regulation J, RTP® Operating Rules, the Federal Reserve Operating Circular 8 and more! Find out how these rules and regulations apply to instant payment processing for both originating and receiving financial institutions. Together we will walk through scenarios to determine the appropriate rule, law or regulation and how to apply it to instant payment processing challenges.