About Faster Payments Professional Certificate
Faster payments are here to stay, and with Same Day ACH, RTP®—plus whatever comes next—it’s more important than ever to be prepared.
The Faster Payments Professional (FPP) is a first-of-its-kind program providing certificate holders with a holistic view of faster payments and acquainting them with current offerings. Earning this certificate demonstrates competency in payment methods and systems that are fast, ubiquitous, secure, efficient, and collaborative.
Who should earn the FPP certificate
The FPP certificate program is designed for payments industry stakeholders, including individuals employed by financial institutions, financial technology companies, regulatory bodies, and service providers.
How to earn the FPP certificate
- The training consists of three individual modules.
- Each module contains a quiz.
- A final, cumulative quiz will be given by Nacha.
- Candidates must score a 70 on each individual module quiz and the cumulative quiz to earn the FPP Certificate.
Module One Faster Payments Foundations (Available Now!)
The first module covers: foundational terms related to faster payments, faster payment types and differences, ecosystem stakeholders, fundamentals of the faster payments network and faster payments risk and regulation. The module consists of seven courses and a final, ten-question quiz.
- What are faster payments?
- Why use faster payments?
- Types of faster payments
- Parties Involved/Stakeholders
- Faster Payment Network Fundamentals
- Faster Payment Use Cases
- Overview of Risk and Regulations
- Quiz
Module 1 Pricing:
$295 for members / $595 for non-members
MODULE 1
Module Two Faster Payments Functionality (Summer 2023)
- Clearing/Exchange
- Settlement methods
- Finality, Irrevocability & Remediation
- Timing & rules
- Technologies involved
- User experience
- Interoperability
- Remittance Detail
- Financial Inclusion
- Quiz
Module Three Operations, Fraud, Risk, Legal & Regulatory Considerations (Winter 2023)
- Operations management
- Liquidity management
- Reconciliation & Reporting
- Notifications, Disclosures, & Transparency
- Customer Support
- Fraud management
- Risk management
- Legal & Regulatory Compliance considerations
- Quiz
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