About the Real Time Payments® Specialist Certification

Ready to demonstrate your knowledge and understanding of the RTP® Network? With the RTP® Specialist Certification from BankersHub in conjunction with the Payments Professor, learn what you need to know about the RTP® Network to help gain the understanding of the many different aspects of the RTP® Network including the participant, the payments flow, settlement, reconciliation, audits, returns and more. Learn what you need to know about the RTP® Network, how it can benefit your organization, and advance your career and payments knowledge by obtaining the certificate offered in the course.

This payments certification is broken into eight one-hour classes in three main areas. The 3 areas covered include:

  • RTP® Introduction, to help attendees gain an understanding of the basics of the RTP® Network;
  • RTP® Intermediate, where we cover the risks, rules, and regulations of the RTP® Network, and;
  • RTP® Advanced, where we dig deeper into settlement, returns, rejects and audits of the RTP® Network. 

Each class concludes with a quiz to test your knowledge of the material learned and to help you progress towards obtaining your Real Time Payments® Program certificate.


ALL 8 COURSES ARE JUST $1,195 AND CERTIFICATION IS GOOD FOR 2 YEARS!


Curriculum

REAL TIME PAYMENTS INTRODUCTION

RTP® 101: Are You Ready for RTP®?
It's time to get real with what an RTP® is, how it works, what it's not, who controls and oversees the network, plus a brief introduction to the rules and regulations.

RTP® 102: Getting to Know RTP® Players, Participants, and Prerequisites
Understand more about the participants, who can use the network, and the prerequisites. RTP® uses messages to move money quickly, but what are those messages, and how are they used. Learn that and more!

RTP® 103: Payment Messages and Prefunding
Take a look into how RTP® payments move, what happens when and where to gain a level understanding of the funding and settlement process. Why is prefunding required and instruction on how it works help complete this class?

REAL TIME PAYMENTS INTERMEDIATE

RTP® 201: Risks, Rules and Regulations - Part 1
Get introduced to the rules and regulations that apply to the RTP® Network. Discover what and how the different banking industry organizations and regulators apply to the RTP® Network. Included is a review of what the CFPB expects of a faster payments network and how the RTP® Network satisfies those requirements.

RTP® 202: Risks, Rules and Regulations - Part 2
Dive into the risk management requirements and fraud controls required within the RTP® Network. Understanding the requirements and controls allows you to manage those risks more efficiently. Then gain an understanding of what the rules enforcement process is and what the consequences are for violating the RTP® rules.

REAL TIME PAYMENTS ADVANCED

RTP® 301: Prefunding, Settlement and Reconciliation

How does settlement in the RTP® Network work, and why must there be prefunding? What are the requirements for prefunding?

Understanding how settlement works in every payment network is critical to every institution that participates in the network. For RTP® to move as quickly as it does and to settle just as fast, there are certain requirements in place unique to the RTP® Network. Then, have you wondered how you are going to balance an account that is always on and always available? 

It's time for real time reconciliation as we investigate what is required for funds availability and balancing within the RTP® System.

  • When and how does settlement take place?
  • How do you fund the prefunded account?
  • What happens if the prefunded account runs out of money?
  • What happens if I have too much money in my account? How can I get it out?
  • Can we start with what is prefunding and how much is required, and by whom?
  • What is an RTP® Day?
  • What is a Reconciliation Window?
  • What reports will be available?


RTP® 401: Rejects and Request for Returns

What can you do once an RTP® payment is sent, and settlement has taken place? Is there any way to get your money back, or is it just a loss? If it is a loss, who must suffer the loss, you, or your account holder? 

RTP® payments are the fastest payment option with immediate settlement available currently in the U.S. With this speed comes concerns for what to do when things go wrong, and they eventually will. What can you do to protect yourself and prepare for future disputes? 

Join the Payments professor and learn all this and more:

  • What is a Request for Return?
  • Are Receiving Participants Required to respond?
  • Is Indemnity allowed in the RTP® Network? 
  • What if the money is already gone?
  • What if we only have some of the money?
  • How are the funds to be returned?


RTP® 501: Audits

Getting started with any payments offering requires that the financial institution conduct a Risk Assessment. That is just the start for as you continually process a new or existing offering, the regulators and the RTP® Network are going to expect that you conduct an annual audit. 

  • What must be included in the RTP® System? 
  • What has the OCC had to say about RTP® Risks Assessments? 
  • What are the network requirements, and how are they satisfied?

Credits

8.0 CPE Credits

Course curriculum

  1. 1
    • Video Lesson - RTP 101: Are You Ready for RTP?

    • Handout - RTP 101: Are You Ready for RTP?

    • Quiz - RTP 101: Are You Ready for RTP?

  2. 2
    • Video Lesson - RTP 201: Getting to Know RTP Players, Participants and Prerequisites

    • Handout - RTP 201: Getting to Know RTP Players, Participants and Prerequisites

    • Quiz - RTP 201: Getting to Know RTP Players, Participants and Prerequisites

  3. 3
    • Video Lesson - RTP 103: RTP Payment Messages and Prefunding

    • Handout - RTP 301: RTP Payment Messages and Prefunding

    • Quiz - RTP 301: RTP Payment Messages and Prefund

  4. 4
    • Video Lesson - RTP 201: RTP Risk Rules and Regulations - Part 1

    • Handout - RTP 201: RTP Risk Rules and Regulations - Part 1

    • Quiz - RTP 201: RTP Risk Rules and Regulations - Part 1

  5. 5
    • Video Lesson - RTP 202: RTP Risk Rules and Regulations - Part 2

    • Handout - RTP 202: RTP Risk Rules and Regulations - Part 2

    • Quiz - RTP 202: RTP Risk Rules and Regulations - Part 2

  6. 6
    • Video Lesson - RTP 301: Settlement, Prefunding and Reconciliation

    • Handout - RTP 301: Settlement, Prefunding and Reconciliation

    • Quiz - RTP 301: Settlement, Prefunding and Reconciliation

  7. 7
    • Video Lesson - RTP 401: Rejects and Returns

    • Handout - RTP 401: Rejects and Returns

    • Quiz - RTP 401: Rejects and Returns

  8. 8
    • Video Lesson - RTP 501: Audits

    • Handout - RTP 501: Audits

    • Quiz - RTP 501: Audits

Instructor

Payments Professor and SVP - VSoft Corporation

Kevin Olsen

Kevin Olsen is a certified AAP (Accredited ACH Professional), APRP (Accredited Payments Risk Professional), NCP (National Check Professional), as well as a certified NCP Instructor with additional computer network, database, and security settings. Over the past couple decades, Kevin has been involved with product creation, design, implementation, education, and consulting for multiple platforms within remote deposit capture, ACH, and faster payments. Kevin has worked with financial institutions of all sizes in multiple countries to create products services, departments, systems, teams, and results that help financial institutions become more productive, compliant, and secure.