Gain a better understanding of what you should know about before, during and after you originate ACH transactions.
Do you know who the important network participants are when agreeing to originate ACH transactions? Did you know there are warranties, liabilities and indemnities you should be aware of that are spelled out in the NACHA rules for you to follow? Wade through the difference between and ACH agreement and ACH authorizations. Address what risks exist in origination of ACH transactions, and how to mitigate those risks. Walk you through what an FI needs to know and do before they allow you to originate ACH transactions. Along with the ongoing initiation, processing and reconciling ACH electronic payments.
Learning Objectives
- You will be able to differentiate between ACH network participants
- You will be able to differentiate between the process with ACH transactions.
- You will be able to differentiate among initiating, processing, and reconciling transactions
- You will be able to identify ACH agreements and authorizations
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
ACH Network Participants
General Rights and Responsibilities for Originating ACH
ACH Agreements and Authorizations
Risk Management and Exposure Limits
Onboarding and Know Your Customer (KYC)
Initiating, Processing, and Reconciling Transactions
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last reviewed on November 15, 2023.
Call 1-866-352-9540 for further credit information.
No Credit AvailableThis program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jennifer A. Miller, AAP, APRP, PMC
UMACHA
- Senior Director of services at UMACHA
- Over 30 years in banking
- 19 years in cash management software product management, design, and consulting, including online banking, mobile banking, and tablet banking
- 7 years in operations at a Midwest financial institution
- Currently, senior director of both education and compliance services specializing in managing the payments audit and risk assessment processes, as well as shepherding members through complex payments education with a balance of compliance and trending new education topics such as real-time and instant payments
- Experienced cash management sales professional and nonprofit company treasurer
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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