This training program will help attendees identify what is the ACH network and examples of ACH electronic payments. It will list the five basic participants in each electronic ACH transaction and describe the settlement process and the difference between a debit and a credit ACH transaction.
What are ACH payments, how do they work and what does that mean to a financial institution and its customers - are a few questions that will be answered during this introduction to ACH payment processing.
In this 90-minute information-filled session, attendees will discover the fundamentals of how ACH electronic payments work and the role that each participant in the ACH network plays to make ACH payments effective, efficient and inexpensive.
Why Should You Attend:
In the financial services industry, there is constant turnover and training new employees on the basics of ACH electronic payments can be difficult and time-consuming. Perhaps you have staff that have been working in ACH for some time, come to work every day, follow a checklist, but have no idea what or how the ACH payments get processed. For these employees and others whose responsibilities pertain to ACH payments, this webinar will provide the basis of how ACH payments work.What are ACH payments, how do they work and what does that mean to a financial institution and its customers - are a few questions that will be answered during this introduction to ACH payment processing.
In this 90-minute information-filled session, attendees will discover the fundamentals of how ACH electronic payments work and the role that each participant in the ACH network plays to make ACH payments effective, efficient and inexpensive.
Learning Objectives:
- Identify what is the ACH network and examples of ACH electronic payments
- List the five basic participants in each electronic ACH transaction
- Outline the roles each participant plays in the processing of ACH electronic payments
- Define the basic legal framework of the ACH network
- Illustrate the most common types of payments that flow through the ACH network
- Describe the settlement process and the difference between a debit and a credit ACH transaction
Areas Covered in the Webinar:
- The ACH network - a brief history
- Five basic participants and their roles and responsibilities in the ACH network
- Common types of ACH payments - to identify how ACH payments are used everyday
- Identify the difference between a debit and credit transaction
- Illustrate the flow of ACH transactions among the basic five participants
- Definitions of terms and acronyms used in the ACH network
- How settlement works with the processing of ACH transactions
Who Will Benefit:
- Financial Institution professionals (new/current operations staff)
- Banking operations managers and staff
- Compliance and risk professionals
- Treasury management professionals
- Aspiring AAPs (Accredited ACH Professionals)
- Loan officers
- Credit risk managers
- Payroll processors (new and current staff)
- Company/business owners (originators)
- Banking managers/supervisors
- Third-party service providers and third-party senders
- Audit and compliance personnel/risk managers
Course Provider
Donna K Olheiser,
