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P2P Payments: Faster but is It Smarter?

Description

Event Details*
Tuesday, October 04, 2022
2:00 - 3:00 pm ET
Webinar; 1.2 AAP/APRP CEU Eligible
Learning Level: Advanced

Event Registration**
Member Price: $225.00
Non-Member Price: $325.00


As the market changes and competition increasing, Person-to-Person (P2P) will become another required payment service to sustain consumer relationships. P2P payments, whether online or mobile, add a new degree of risk with little financial reward. These payments started as consumer only and now are evolving to business use cases. They used to clear via check in days, ACH same day and now instantly via instant payment applications.

The real question becomes, how do I successfully offer this service and ensure I am minimizing as much risk and loss as possible. The answer to this question is not an easy one, it is a balancing act of minimizing your risk of loss, but does that increase potential reputational risk? In this session the evolution of P2P payments along with the rules and regulations that govern them will be outlined. The presenter will also summarize some lessons learned that organizations have faced while implementing a P2P service. The session will also highlight the opportunities instant payments provide to financial institutions, businesses, and consumers, and include statistics that show the growing demand for these types of payments.


At the conclusion of this session, attendees will:
• Organize components of a successful P2P program.
• Compare program risks and rewards.
• Record policies and procedures that outline the rules and regulations that govern consumer payments.
• Support a business plan to introduce P2P payments to their organization.


Speaker:
Sandy Ortins, AAP, APRP, NCP SVP, Operations, NEACH


Audience:
• Executive/Senior Management
• Operations
• Electronic Banking
• Product Management
• Risk/Compliance
• Training Director


You might also like:
ACH Fraud: From the Rules and Beyond



*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
** This event is part of the NEACH Education Club. Members who join the Club save $75 off the cost of this event.



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