ACH Basics - 101 and 201
This course is designed to provide an overview of the Automated Clearing House (ACH) Network and its functions to individuals who are new to ACH, unfamiliar with ACH, need a refresher, or need to sell ACH products. Attendees learn the various ACH participants, the Standard Entry Class (SEC) Codes and their applications, and ACH transaction flows from origination to receipt.
This webinar also explores the roles and responsibilities of each ACH participant, as well as authorization and audit requirements. We identify the four main types of risk associated with ACH processing. Of course, no discussion on ACH is complete without prenotifications, exceptions, returns, and reversals! We also discuss the formatting requirements for the ACH File.
Please join Ameerah Needham, AAP, APRP, for this introductory session on ACH.
WHAT YOU'LL LEARN
A sampling of what this webinar will cover:
- Identify key roles and responsibilities of ACH Network participants
- Applicability of SEC Codes
- Understanding of ACH File content
- Importance of an ACH Risk Assessment
- Participants of the ACH Network
- Commonly used SEC Codes
- ACH File format structure
- Identification of risks within ACH processing
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