The automated clearinghouse (ACH) system represents an essential part of our national and international payment system network. Depository institutions send each other batches of electronic credit and debit transfers through this network. Payments such as payroll deposits, social security benefits, and tax refunds are examples of ACH credit transfers. ACH's day-to-day integrity depends on the skills and dedication of the thousands of individuals who contribute directly and indirectly to its operation, ensuring it is free from fraud and disruptions. There is an increasing demand for professionals with ACH expertise, and now is the ideal time to learn these fundamentals. It is possible for professionals with this specialized skillset to increase operational efficiency, mitigate risk for their financial institutions, and advance their careers at the same time. Kim Ellis, Jennifer A. Miller, and Eric Wester will guide you step by step through the intricacies of the complex ACH network. They will share real-life examples to illustrate how originating and receiving institutions handle transactions.  By the end of this 5 session program, you'll have developed a new  understanding and knowledge of this vital part of the U.S. banking system and a new skill set to help your career to keep moving forward

What You’ll Learn

During this important 5-session series our ACH experts and industry leaders will discuss:

• The roles of the ACH participants and how they interact
• Understand the Standard Entry Class (SEC) codes and their applications
• Master ACH transaction flows from originator to recipient
• ACH rules
• ACH receiving and origination
• ACH risks including fraud-related risks
• ACH products
  

You’ll Also Receive

• PDFs of the presentation slides and any other handout materials that our speakers make available
• And important training to advance your care
  

ACH Bootcamp: A 5-Part Series Session Outline
Session 1: ACH Rules Basics

• Rules of ACH
• Consequences of failing to comply
• Techniques to educate clients and members
• Best practices to confirm adherence
  

Session 2: ACH Receiving 101

• Responsibilities of receiving financial institutions
• Standard Entry Class (SEC) codes used by receiving institutions
• ACH file content and format related to receiving
• Procedures for handling exceptions
  

Session 3: ACH Origination 101

• Responsibilities of originating financial institutions
• Standard Entry Class (SEC) codes used by originating institutions
• ACH file content and format related to origination
• Returns and reversals
  

Session 4: ACH Risk 101

• Four main types of risk associated with ACH processing
• Strategies to mitigate risk
• Transaction red flags
• Best practices for an ACH risk assessment
  

Session 5: ACH Products 101

• Overview of ACH products
• Services in highest demand by account holders
• Interconnections of the various ACH services
• Strategies to maximize the value of your ACH offerings