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Discover how funds are transferred in between payers and receivers. This program explores the payment systems, such as the Federal Reserve Bank (FRB) and the Clearing House Inter-Payment Information Technology (CHIPS). The program focus includes services provided and the organizational structure and current membership of the major payment systems. At the conclusion we will take a look at the short term and future trends in cash payments processing.
| Topics include: |
• CHIPS primary services and processing flow
• CHIPS structure
• FRB check processing function |
• FRB structure
• Future of payment processing
• Roles of SWIFT and CLS (Continuous Link Information Technology) |
| Benefits of attendance: |
• Become familiar with terms associated with payments
• Broaden your knowledge of payment systems processing
• Comprehend the organizational structure of participants and members |
• Gain insight into cash payments and receipts trends
• Learn about current and enhanced services provided by SWIFT and CLS
• Understand the structure of payment systems, their roles and services |
| Staff from the following areas should attend: |
• Banking
• Corporate Trust
• Financial Reporting |
• Information Technology
• Operations
• Treasury |
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