Faster Payments Professional Certificate

What is the Faster Payments Professional (FPP) Certificate?

The Faster Payments Professional (FPP) Certificate powered by Nacha, The Faster Payments Council and the Payments Associations allows you to demonstrate your competency in faster payments while giving you a jump start on the highly-anticipated Accredited Faster Payments Professional exam in the coming years. This first-of-its-kind program will provide you with a holistic view of faster payments and acquaint you with current offerings in the marketplace.

Watch the informational video below to learn more about the FPP Certificate program.

Why Should You Consider the FPP Certificate?

As the payments industry continues to move towards faster payments, it’s important to expand your knowledge and skill set in this high-growth area so you are prepared to take your career to the next level. The FPP Certificate may be right for you if you are ready to:

Get acquainted with current faster and instant payments offerings in the marketplace
Benefit from a holistic view of faster payments
Demonstrate your competency in faster payments
Gain knowledge to support your organization’s faster payments journey
Prepare to take on more challenging roles in the payments industry
AAPs and APRPs can also earn continuing education credits for completing the program.

What Topics Are Covered in the FPP Program?

The FPP certificate program is designed to build faster payments knowledge for payments industry stakeholders, including individuals employed by financial institutions, financial technology companies, regulatory bodies and service providers. Topics covered include:

Module 1

What are faster payments?
Why use faster payments?
Types of faster payments Parties Involved/Stakeholders
Faster Payment Network Fundamentals
Faster Payment Use Cases
Overview of Risk and Regulations

Module 2

Clearing/Exchange
Settlement methods
Finality, Irrevocability & Remediation
Timing & rules
Technologies involved
User experience
Interoperability
Remittance Detail
Financial Inclusion

Module 3

Operations management

Liquidity management
Reconciliation & Reporting
Notifications, Disclosures, & Transparency
Customer Support

Fraud management
Risk management
Legal & Regulatory Compliance considerations

How Do You Earn Your FPP Certificate?

To earn your FPP Certificate you will need to:

Register for FPP training offered exclusively by EPCOR
Complete all three training modules and score at least 70% on each module’s final quiz
Review the course material and prepare to score at least a 70% on the final, cumulative quiz

EPCOR’s Faster Payments Professional Certificate program is available on-demand so that you can complete the training on your own time and at your own pace. Each module is registered for individually and can be taken as a stand-alone module if you want to concentrate only on certain areas of the program. Information on Module One is available below. Modules Two and Three are coming soon.

Module 1

You can also find information about the FPP Certificate on Nacha’s website.

FPP Certificate

Need manager approval? Download and modify our justification letter to get started.

Justification Letter

Is the FPP Certificate an Accreditation?

The FPP Certificate works differently than other payments industry accreditations such as the AAP, APRP or NCP accreditations.

FPP logo

The FPP Certificate is a document that certifies you have completed the FPP training program. Professional accreditation, on the other hand, is recognition by a professional body or association that an individual has met certain standards of knowledge, skills or ethical behavior. It is much more intricate and typically requires ongoing continuing education. No previous experience is required to start the FPP Certificate program and there is no continuing education required.

Nacha and The Faster Payments Council have announced plans for a Faster Payments Professional accreditation to come in the years ahead. The FPP Certificate is one way you can start building your knowledge in advance of the accreditation.