Event Details*
Wednesday, September 11, 2024
2:00 - 3:00 pm ET
Webinar; 1.2 AAP/APRP CEU Eligible
Level: Intermediate
Event Registration**
Member Price: $150.00
Non-Member Price: $325.00
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.
It is an exciting time for payments now that FedNow is up and running with live messages running across the network. For institutions participating in the system and others considering it you may still be trying to figure out how to establish the processes needed to effectively manage this new payment rail. While the system is largely expected to be easy to maintain, one crucial consideration centers around the Fed Master account reconciliation and liquidity management processes that need to be handled. You likely have questions such as what reports do I use? How do transactions post? What happens during cutover?
The good news is the Fed has provided a plethora of information related to these functions and NEACH has combed through what financial institutions need to know to establish appropriate process and procedure. In this session, we dive into this topic and explore the types of reporting available, explain the FedNow processing schedules and cutover times, and discuss the liquidity management process and requirements. Attendees of this session will be provided with a solid overview to get you started with what you need to know about this topic.
Come join us as we dive into the FedNow reconciliation and liquidity management process.
Attendees will:
• Describe the Fed resources available for reconciliation and liquidity management
• Demonstrate an understanding of FedNow processing timeframes
• Construct a plan for developing formal reconciliation and liquidity management processes
Speaker:
• Mark Dixon, AAP, APRP, NCP, Vice President, Education, NEACH
Audience:
• AAPs
• APRPs
• COO
• Electronic Banking
• Executive/Senior Management
• Faster Payments/Emerging Payments
• Operations
• Payment Strategy
• Product Management
• Product/Vendor Management
• Treasury/ Cash Management
*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.
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.