The ACH Network - Electronic Payments in Detail, ACH 101, ACH 201, and ACH 301

Topics

• Same Day ACH functionality - PLUS settlement and funds availability in the ACH network
• Discover the basics of the ACH Network with an overview of ACH, history, legal framework, how it works, participants roles and responsibilities
• Identify details on exception processes within ACH (Prenotes, Stop Payments and NOCs)
• Common terminology and products/applications (SEC Codes) Standard Entry Class Codes
• Illustrate entire ACH return process, from the initial return, to dishonored return and on to the contested dishonored return (including timeframes and warranties)
• Define the ACH Return process from general returns to extended returns (unauthorized)
• Outline the process for Reinitiation of Entries and Reversals
• Recognize Reg E error resolution vs. ACH and the consumer/FI responsibilities
• Recap of the most recent Nacha Operating Rules changes
• Overview of Federal Government ACH payments and the Reclamation process

Who should Attend

• Banking Operations managers and staff
• Financial Institution professionals (new/current operations staff)
• Treasury Management professionals
• Compliance and Risk professionals
• Banking Managers/ Supervisors
• Aspiring and current AAP’s (Accredited ACH Professionals)
• Payroll Processors
• Audit and Compliance Personnel / Risk Managers.
• Third-Party Service Providers and Third-Party Senders
• Company / Business Owners (Originators)
• Any payments professional working in the ACH Network will benefit from this course; these individuals could include operations, compliance, AR/AP, payroll, risk management, audit, legal counsel, management, risk officers, and AAP’s.
• Auditors with financial institutions