Guide to Electronic Payments
Reduce payment costs and modernize your disbursement process by mastering electronic payment systems. This course explains how ACH, wire transfers, FedNow, Venmo, Xoom, and Zelle operate, and evaluates when each method is most appropriate. It then addresses the internal controls needed to manage fraud and processing risks. Finally, learn how to transition efficiently from check payments to electronic platforms while maintaining operational discipline and financial oversight.
Format
PDF Course
Course Lists
Duration
1 Hour
Course Information
Author: Steven Bragg
Course Number: FN1034
Learning Objectives
- Identify the characteristics of the various electronic payment systems.
- Specify the circumstances under which a wire transfer should be used.
- Recall the reasons why electronic payments are more cost-effective than checks.
- Specify the various controls needed for an electronic payment system.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Finance
Prerequisites: None
Advance Preparation: None
Latest Review Date: October 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.