ACH Bootcamp: 5-Part Series
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 Youβll 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
Youβll Also Receive
- PDFs of the presentation slides and any other handout materials that our speakers make available
- And important training to advance your care
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INFORMATION
Training Overview
Recommended Audience
Who Should Attend?
What's included
Training includes
- Certificate of Attendance
- All resources and training materials
- ["Director of Education at UMACHA","17 years of banking experience, focusing on deposit operations and compliance management AAP","Works with business customers in the community bank market","Provides assistance and support for ACH and cash management services"]
- ["Director of Training at UMACHA","25 years of baking experience, most recently in software product management, design, and consulting AAP","Works with financial institutions and corporations to provide education and training on electronic payments","Focuses on balancing regulation with managing market expectations in innovative ways"]
- ["Associate Director of Education Services at UMACHA","Over a decade of banking experience","Former Operations Payment Managing Officer at a regional bank, overseeing all aspects of ACH processing, including oversight of the origination and receipt ACH functions","AAP (Accredited ACH Professional)","APRP (Accredited Payments Risk Professional)"]
