BankerCollege

Join us for an enlightening three-part webinar series presented by Wespay, designed to deepen your understanding of the wire payments network. This series will guide attendees through the intricacies of how wire transfers are conducted, settled, and the critical information transmitted during these transactions. Gain insight into the major systems that facilitate wire payments, including Fedwire, CHIPS, and SWIFT. Each session is structured to provide a comprehensive overview of the different components and participants involved in the wire transfer process, enhancing your knowledge and operational efficiency in managing these transactions.

Additionally, this webinar series will address the basic concepts of wire transfer risk, equipping you with the necessary tools to identify, assess, and mitigate potential risks associated with wire transfers. Understand the roles of various parties involved in the transaction flow and how they interact to ensure smooth and secure wire transfers. Whether you are new to the world of wire payments or looking to refresh your knowledge, this series offers valuable insights and practical information to help you navigate the complexities of wire payments safely and effectively. 

• Overview of Wire Payments Network: Learn how wire transfers are executed across key networks such as Fedwire, CHIPS, and SWIFT.
• Settlement Processes: Understand the mechanisms behind the settlement of wire transfers and the roles different financial institutions play.
• Information Transmission: Explore the types of information transmitted during wire transfers and why accuracy is crucial.
• Transaction Flow and Parties Involved: Delve into the transaction flow, identifying the key parties involved and their responsibilities in the wire transfer process.
• Wire Transfer Risk Concepts: Gain insights into identifying and mitigating risks associated with wire transfers to enhance security and compliance.