Regulations Affecting Instant Payments

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Across
  1. 6. What type of compliance does OFAC encourage be accounted for with new emerging payment technologies?
  2. 8. Who has authority over the RTP Network?
  3. 10. Applies to wholesale credits and requires commercially reasonable security practices.
  4. 12. ________is governed by Regulation J, Operating Circular 8, and FedNow Operating Procedures.
  5. 14. What part of Regulation CC defines availability for electronic payments?
  6. 16. Type of settlement occurring with instant payments.
  7. 18. What subpart of Regulation J addresses FedNow payments?
  8. 19. Intended to protect individual consumers engaging in electronic fund transfers and remittance transfers.
  9. 20. Message formatting standard used for instant payments.
Down
  1. 1. These payments process 24X7X365.
  2. 2. To be an instant payment, a transmission of a payment______must occur.
  3. 3. ________requires next-day availability for withdrawal of electronic payments received.
  4. 4. The________Operating Procedures govern participants transmitting payments through the RTP System.
  5. 5. If you receive a high dollar instant payment you may need to file a what?
  6. 7. Who initiates an instant payment?
  7. 9. Requires a financial institution to compare accounts to government lists, and report and block any transactions resulting in a positive match.
  8. 11. RTP and FedNow are both________payment networks.
  9. 13. _________requires that we properly identify the payment and report any suspicious activity.
  10. 15. An_______payment offers real-time funds availability.
  11. 17. These payments process 24X7X52.