1. UCC 4A and the ACH Network

UCC 4A and the ACH Network

UCC 4A and the ACH Network
Event ID: 17515
Not for Sale
Recording: 15108

Duration: 90 minutes, including question and answer period.
Presenter(s): Wanda Downs, AAP, director of payments education, ePayResources
Price: $299.00, On-Demand includes full audio presentation, question and answer session, and presentation slides.
Credits: Live webinar approved for 1.5 NASBA credit hours (Management Advisory Services).
Who Should Attend? Operations personnel, operations officers/supervisors, check and electronic payments operations, compliance staff, risk and fraud personnel, internal auditors, external auditors, AAP candidates, any individual interested in learning more about how UCC 4A impacts the ACH Network


UCC 4A and the ACH Network: This session addresses the provisions of Uniform Commercial Code Article 4A (UCC 4A), which governs Funds Transfers including commercial credit ACH transactions and wire payments. This session clarifies what payments are covered by UCC 4A by looking at definitions of a fund transfer and aspects of a participant to the transaction.

The session outlines the rights and responsibilities of the parties involved with the fund transfer, both ACH origination and other funds transfers. The concept behind Article 4A is finality of payment and this session addresses how this impacts the bank and the customers-both originator and beneficiary.

Understand the obligations imposed upon you by ACH Rules warranties and indemnifications. Commercially Reasonable Security Procedures are critical to mitigating risks from a fund transfer. This session addresses that issue.

Please join Wanda Downs, AAP, for this informative session as we dive into the world of UCC 4A and the role it plays in the ACH Network.


Just a sampling of what this webinar will cover:

  • What is UCC 4A and when does it apply?
  • What is not covered by UCC 4A?
  • What is the relationship between UCC 4A and other Laws and Rules?
  • What are the key terms of UCC 4A?
  • When is a funds transfer enforceable and when is it not?
  • What are the required disclosures under UCC 4A?



Your conference leader for “UCC 4A and the ACH Network" is Wanda Downs, AAP. Wanda is the director of payments education for ePayResources where she is responsible for the development and delivery of electronic payments education, including in-person classes, web conferences, and webcasts. Wanda has a passion for learning and an enthusiastic willingness to share her knowledge. Wanda has more than 30 years’ experience in the financial industry, including customer/member service, lending, operations, accounting, and management, Wanda understands the challenges and opportunities facing stakeholders in the payments industry.

As an Accredited ACH Professional (AAP), Wanda understands the ACH Rules and how they impact the operations of an institution. Wanda earned her AAP in 2009 and holds a BS in accounting and finance from Limestone College and is a graduate of the 1999 CUNA’s SRCUS of Management.


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