Tuesday, July 7, 2020 (Parts 101 & 201)
12:00 – 1:00 pm & 2:00 - 3:00 pm (Eastern Time)
11:00 – 12:00 pm & 1:00 - 2:00 pm (Central Time)
10:00 – 11:00 am & 12:00 - 1:00 pm (Mountain Time)
9:00 – 10:00 am & 11:00 - 12:00 pm (Pacific Time)
Wednesday, July 8, 2020 (Part 301)
2:00 - 3:00 pm (Eastern Time)
1:00 - 2:00 pm (Central Time)
12:00 - 1:00 pm (Mountain Time)
11:00 - 12:00 pm (Pacific Time)
Imagine ACH made easier! In this summer seminar with the Payments Professor it will be!
- How do you spell ACH?
- What’s an SEC and what does it mean to me?
- Can anyone help make it easier?
If you are new to electronic payments and working with ACH or have already been working with ACH for a while and are now looking for a better understanding of how ACH works, then this bootcamp series is just for you.
Join the Payments Professor in this summer seminar to learn what an ACH is, who the participants in the network are, how the network started, with a brief introduction to the rules and regulations before ending with an understanding of file formatting.
Next, it is on to understanding mores about processing, the many ways that transactions can be created and why they are created a certain way. In this session it’s all about knowing what an SEC code is then when and how it is used.
This summer payments seminar on ACH wouldn’t be complete without a look into the rules, the regulations and even the return process of ACH. What Rules and regulations govern transactions and when? What is a return, and can I return a return? We will answer this and more in the final class.
The Payments Professor takes all of this and more in this summer seminar to make ACH easier for you! You will graduate with not just what but the how and why, plus you’ll learn it all in a fun, engaging, and entertaining style. Who ever said learning electronic payments can’t be fun? Join this summer seminar on ACH and see for yourself!
In this 3-part ACH webinar bootcamp, attendees will hear details on:
- History and basics of the ACH network
- Transaction flow
- ACH participants, their general responsibilities and roles
- Legal framework of the ACH network
- Common terminology and products/applications used
- Settlement vs. Funds Availability and how this pertains to Same Day ACH
- Stop Payments
- Returns and exception processing
- Same Day ACH
- Reinitiation, reversals and prenotes
- Risk and compliance
Part 1 - ACH 101 – Introducing ACH: The Who , What, When, Where and Why me!
Part 2 - ACH 201 – What’s an SEC mean to me? Understanding the many ways ACH can be processed
Part 3 - ACH 301 – Risk Returns & Regulations
Kevin Olsen is a certified AAP (Accredited ACH Professional), APRP (Accredited Payments Risk Professional), NCP (National Check Professional), as well as a certified NCP Instructor with additional computer network, database, and security settings. Over the past couple decades, Kevin has been involved with product creation, design, implementation, education, and consulting for multiple platforms within remote deposit capture, ACH, and faster payments. Kevin has worked with financial institutions of all sizes in multiple countries to create products services, departments, systems, teams, and results that help financial institutions become more productive, compliant, and secure.
1.0 CPE Credits & 1.2 AAP Credits