FedNow Onboarding: Understanding Connection Parties and Connection Points скачать в хорошем качестве

FedNow Onboarding: Understanding Connection Parties and Connection Points

"In this class, ""Understanding Connection Parties and Connection Points in FedNow®,"" we simplify these crucial concepts: • Connection Party: Think of it as a central hub, like an office building, for multiple participants in the FedNow® Service. This hub facilitates sending and receiving messages on behalf of its members, who are identified by a unique identifier (RTN or ETI). • Connection Point: Within this 'office building,' each participant has their own 'office' or endpoint, known as a Connection Point. These points, set up and maintained by the Federal Reserve Banks, enable direct communication with the FedNow® Service for each participant. Together, these two elements form the backbone of efficient and secure transactions in the FedNow® ecosystem, ensuring smooth operations for FedNow® instant payments." Learn more from the Payments Professor "We make learning about payments rules and regulations fun and easy!" www.PaymentsProfessor.com www.WhatIsFedNow.com www.WhatIsRTP.com www.ACHRulesUpdates.com