Faster payments are becoming the preferred payment method among consumers, as they provide a greater level of speed and control than traditional payment methods. The faster credit-push model and the use of requests for payments put recipients in much greater control of the funds in their bank account. In order to facilitate faster payments, banks and credit unions must understand the basics of clearing and settlement in these faster payment channels as well as what options are available and how those options will fit into their current offerings.

From same-day ACH, to wires, RTP^® and FedNow® join the Payments Professor during this Course to learn more about what a faster payment is, how it works, and what you need to know to help your financial institution to keep up with the ever-changing electronic payments environment.