Episode 244: FedNow(SM) Instant Payments Launches July 2023 – What Does it Mean for the Vendor Team?

Putting the AP in hAPpy

English - June 29, 2023 10:00 - 28 minutes - 19.7 MB - ★★★★★ - 7 ratings
Arts Business Careers accounts payable vendor setup accounting fraud phishing supplier setup supplier onboarding vendor onboarding debra r richardson debra richardson Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Episode 243: 20 Tips To Protect Your Company Against Check Payment Fraud

Next Episode: Episode 245: Create Your Own Benchmarking for Vendor Data

Next month, July 2023, the Federal Reserve will launch FedNowSM Instant Payments. This means that there is the potential that your company can pay your vendors via an instant payment! What does this mean for the vendor team?

Keep Listening.

Check out my website www.debrarrichardson.com if you need help implementing authentication techniques, internal controls, and best practices to prevent fraudulent payments, regulatory fines or bad vendor data. Check out my new Vendor Process Training Center for 149+ hours of weekly live and on-demand training for the Vendor team.

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Links mentioned in the podcast:

Federal Reserve: FedNowSM Service Federal Reserve Bank Services Video: FedNow(SM) Service IllustrationDebra R Richardson LLC: 20 Tips in 20 Minutes WebinarsDebra R Richardson LLC: How to Get Started to Remove Gaps in Your Vendor Process (scroll down on page)Vendor Validation Reference List with Resources Links: www.debrarrichardson.com/vendor-validation-download (Get 25% Discount on the Global Vendor Registration Numbers)Vendor Process Training Center: https://training.debrarrichardson.comVendor Master File Clean-Up: https://www.debrarrichardson.com/cleanupYouTube Channel: https://www.youtube.com/channel/UCqeoffeQu3pSXMV8fUIGNiw More Podcasts/Blogs/Webinars www.debrarrichardson.comMore ideas? Email me at [email protected] Music Credit: www.purple-planet.com