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Series On-Demand

[5-Part Series] ACH Bootcamp

[5-Part Series] ACH Bootcamp
FormatSelf-Paced | On-Demand
Sessions5
Per session60 Minutes
Attendance CertificateIncluded

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
What We'll Cover

Course 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

Meet the Expert

Kim Ellis

Kim Ellis

Kim Ellis is the Director of Education Services for UMACHA. Kim has been an AAP since 2014 and earned her APRP this summer. Kim has 18 years of experience working in the community bank market, with a focus on ACH operations, risk management, and deposit compliance.
Jennifer A. Miller

Jennifer A. Miller

Jennifer A. Miller, AAP, APRP, NCP, PMC, has 30+ years in banking, with 19 in software product management, design and consulting, and 7 at a financial institution. Jennifer is Senior Director of Services with UMACHA, managing the compliance and education at the Payments Association. Jennifer is responsible for establishing effective electronic payment compliance services, as well as creating and delivering training programs to drive client satisfaction by balancing regulation with managing market expectations in innovative ways. She is an experienced Cash Management Professional, with progressive leadership experience in Financial Institution and Software Development and a proven track record.
Eric Wester

Eric Wester

Eric Wester is the Associate Director of Education Services at UMACHA. Eric has over a decade of banking experience, with his most recent experience serving as Operations Payment Managing Officer at a regional bank. In this role, he was responsible for overseeing all aspects of ACH processing, including oversight of the origination and receipt ACH functions. Prior to that, he served as the Associate Director of Compliance Services at UMACHA. He obtained his Accredited ACH Professional (“AAP”) accreditation in 2017, his Accredited Payments Risk Professional (“APRP”) accreditation in 2020, and his National Check Professional (“NCP”) certification in 2023.

Who Should Attend?

  • ACH operations staff
  • Operations managers
  • Operations training staff
  • Backup operations staff
  • Internal auditors
  • Deposit compliance staff
  • Professionals at financial institutions who interact with third-party senders

Training Includes

The [5-Part Series] ACH Bootcamp course includes the following:

Two Year Course Access

Access your course through your customer dashboard

  • Course access for 2 full years
  • All live sessions include access to the on-demand recording post live session

Class Experience

Live sessions are small and focused to support questions and discussion. Self-paced on-demand courses allow you to move through the material on your own schedule.

Resources

Downloadable course materials to support learning

Attendance Certificate

All sessions include an Attendance Certificate

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$600.00