2026 EDITION | INSTANT DIGITAL DOWNLOAD
FedNow® Send & Receive with RFP Risk Assessment
The examiner-ready, auto-scoring risk assessment for FedNow participants running the full capability stack — receive, send, and Request for Payment. 74 risk items with dedicated RFP warranty, monitoring, and consumer-protection coverage, verified against the FedNow Service Operating Procedures (v3.6) and Operating Circular 8 (April 1, 2026).
Get the Risk Assessment — $495Built for full-capability FedNow participants
Request for Payment is the highest-scrutiny FedNow capability: RFP warranties, legitimate-purpose requirements, customer due diligence on requestors, anomalous-activity monitoring, and UDAAP exposure all land on your institution. This assessment covers receive, send, and RFP obligations in one workbook — so your risk assessment matches your actual participation profile.
What's inside
Protected Excel Workbook
Auto-scoring risk register with 74 prewritten risk items, likelihood / impact / control-effectiveness scoring, live summary dashboard, and a board-ready executive report. Formulas and prefilled content are locked so the methodology stays intact.
Companion User Guide (PDF)
Step-by-step instructions, scoring methodology, and item-by-item context with citations to the FedNow Service Operating Procedures and Operating Circular 8 — including the RFP warranty provisions — so every score can be defended in front of an examiner.
Examiner-Ready Outputs
Heat-mapped domain dashboard, completion tracking, residual-risk ratings, and an executive report with prior-year trend fields — drop it straight into your board packet or exam response.
74 risk items. Full RFP coverage throughout.
Every risk item is prewritten with a description, regulatory citation, and suggested controls — your team only scores likelihood, impact, and control effectiveness. RFP-specific risk is woven through the entire assessment:
- Operational — RFP message flows (pain.013/pain.014), origination, account validation, 24x7 availability
- Compliance / BSA-AML — RFP warranties, requestor due diligence, consumer disclosures, SAR/CTR, OFAC
- Fraud Risk Management — RFP-enabled scams, APP fraud, negative-list management, fraud reporting
- Technology & Cybersecurity — connectivity, key management, credential security, resilience
- Third-Party Risk — vendor RFP message handling, core processors, TPSP oversight
- Liquidity & Settlement — 24x7 funding including RFP-triggered payments
- Regulatory / Legal — Regulation E, Regulation J, UDAAP, and RFP warranty-claim exposure
Frequently asked questions
What exactly do I receive?
How is this different from the Send & Receive (no RFP) version?
Is it current with the rules?
Who is licensed to use it?
Go beyond the assessment
The risk assessment documents your compliance — The FedNow® Certificate Series trains your team. Eight one-hour classes, quizzes, and a certificate of completion covering FedNow basics through liquidity management, returns, and ISO 20022 messaging.
Explore the FedNow® Certificate SeriesBe ready before your examiner asks
Download the FedNow® Send & Receive with RFP Risk Assessment and walk into your next exam with a completed, defensible, board-approved risk assessment.
Get Instant Access — $495This product is an educational self-assessment tool provided by Payments Professor. It does not constitute legal, regulatory, or compliance advice, and completing it does not guarantee compliance or examination outcomes. Institutions should consult their own counsel and compliance officers. FedNow® is a registered service mark of the Federal Reserve Banks. Payments Professor is not affiliated with, sponsored by, or endorsed by the Federal Reserve.
