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Deciphering FedNow®: ISO® 20022 Messaging, Exception item and Return Processing

Wednesday, July 10th, 2024 1:30 pm - 2:30 pm Central Time

A BankWebinars.com Program

Click Here to register for program $299.00

Click Here to register for program and receive recording $449.00


Delve into the intricacies of FedNow® Messaging and Returns, with a keen focus on the pivotal ISO® 20022 standard. Gain an understanding of the messaging and process that will aid in secure and efficient instant transfers and return processing for your institution.

As financial institutions embrace the future of payments with FedNow®, understanding the nuances of messaging, exception processing, and returns becomes paramount. At the core of this transformation is the ISO® 20022 messaging standard – a robust XML-based framework that ensures seamless and secure data exchanges between financial entities. This webinar unravels the myriad facets of ISO® 20022, its integration with the FedNow® service, and benefits for financial institutions. By understanding the core concepts, timeframes, and return dynamics, attendees can elevate their institution's proficiency and leverage the full potential of FedNow® instant payments.

What You'll Learn
  • ISO® 20022 fundamentals and its significance
  • Key features of ISO® 20022 messaging within the FedNow® framework
  • Detailed insights into timeframes for FedNow® Messaging and Returns
  • Optimizing returns management within the instantaneous payment setup

Instructors

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).