The ACH fundamentals aren’t so simple anymore. With Same Day ACH, there are options. In this training session, we will help attendees identify what is ACH network and examples of ACH electronic payments. The details for each of the five basic participants and the role they play during an ACH transaction will be discussed. Along with an extensive demonstration of the settlement process for both the “legacy ACH” and “Same Day ACH” processes, as there are differences. We will also cover the different types of ACH payments including the difference between a debit and a credit ACH transaction. This is a must-attend session. The ACH Network is not your same old network – it’s changed, there are now options and new opportunities.
WHY SHOULD YOU ATTEND?
In the financial services industry, there is constant turnover and training new employees on the basics of ACH electronic payments can be difficult and time-consuming. Perhaps you have staff that have been working in ACH for some time, come to work every day, follow a checklist, but have no idea what or how the ACH payments get processed. For these employees and others whose responsibilities pertain to ACH payments, this webinar will provide the basis of how ACH payments work.
With the implementation of Same Day ACH, there are now options when sending ACH transactions and the settlement and funds availability has changed as well. Even if you thought you knew the ACH Network basics, this session will outline how it has changed since the implementation of Same Day ACH.
What are ACH payments, how do they work and what does that mean to a financial institution and its customers – are a few questions that will be answered during this introduction to ACH payment processing. In this 90-minute information-filled session, attendees will discover the fundamentals of how ACH electronic payments work and the roles that each participant in the ACH network plays to make ACH payments effective, efficient and inexpensive.
AREA COVERED
- The ACH network – a brief history
- Five basic participants and their roles and responsibilities in the ACH network
- Common types of ACH payments – to identify how ACH payments are used everyday
- Identify the difference between a debit and credit transaction
- Illustrate the flow of ACH transactions among the basic five participants
- Definitions of terms and acronyms used in the ACH network
- How settlement works with the processing of ACH transactions
- Details on how Same Day ACH s changing the way the ACH Network processes transactions
LEARNING OBJECTIVES
- Identify what is the ACH network and examples of ACH electronic payments
- List the five basic participants in each electronic ACH transaction
- Outline the roles each participant plays in the processing of ACH electronic payments
- Define the basic legal framework of the ACH network
- Illustrate the most common types of payments that flow through the ACH network
- Describe the settlement process for both the “Legacy ACH” and the Same Day ACH” processes
- Define the different types of payments in ACH and the differences between a debit and credit ACH transaction
WHO WILL BENEFIT?
- Financial Institutions
- ACH Operations Departments
- Audit Departments (within financial institutions)
- Companies who process electronic payments (ACH payments specifically)
In the financial services industry, there is constant turnover and training new employees on the basics of ACH electronic payments can be difficult and time-consuming. Perhaps you have staff that have been working in ACH for some time, come to work every day, follow a checklist, but have no idea what or how the ACH payments get processed. For these employees and others whose responsibilities pertain to ACH payments, this webinar will provide the basis of how ACH payments work.
With the implementation of Same Day ACH, there are now options when sending ACH transactions and the settlement and funds availability has changed as well. Even if you thought you knew the ACH Network basics, this session will outline how it has changed since the implementation of Same Day ACH.
What are ACH payments, how do they work and what does that mean to a financial institution and its customers – are a few questions that will be answered during this introduction to ACH payment processing. In this 90-minute information-filled session, attendees will discover the fundamentals of how ACH electronic payments work and the roles that each participant in the ACH network plays to make ACH payments effective, efficient and inexpensive.
- The ACH network – a brief history
- Five basic participants and their roles and responsibilities in the ACH network
- Common types of ACH payments – to identify how ACH payments are used everyday
- Identify the difference between a debit and credit transaction
- Illustrate the flow of ACH transactions among the basic five participants
- Definitions of terms and acronyms used in the ACH network
- How settlement works with the processing of ACH transactions
- Details on how Same Day ACH s changing the way the ACH Network processes transactions
- Identify what is the ACH network and examples of ACH electronic payments
- List the five basic participants in each electronic ACH transaction
- Outline the roles each participant plays in the processing of ACH electronic payments
- Define the basic legal framework of the ACH network
- Illustrate the most common types of payments that flow through the ACH network
- Describe the settlement process for both the “Legacy ACH” and the Same Day ACH” processes
- Define the different types of payments in ACH and the differences between a debit and credit ACH transaction
- Financial Institutions
- ACH Operations Departments
- Audit Departments (within financial institutions)
- Companies who process electronic payments (ACH payments specifically)
Speaker Profile
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience …
Upcoming Webinars
How to Write Contracts for Procurement Professionals
Sunshine Act Reporting - Clarification for Clinical Research
How to Deal with Employees Who Love to Argue and Debate Eve…
Project Management for administrative professionals
ChatGPT and Project Management: Leveraging AI for Project M…
Onboarding Best Practices for 2025: Proven Strategies to Po…
Terminating Toxicity: Strategies For Leaders To Confidently…
Transform Data into Insights: A Beginners Guide to Excel Pi…
Reprogramming your mind for Corporate Excellence: 4 Steps t…
How to Write Effective Audit Observations: The Principles f…
How to Manage the Legal Landmine of the FMLA, ADA and Worke…
Uplifting the Credibility of HR: How to Build the Credibili…
Performance of Root Cause Analysis, CAPA, and Effectiveness…
Bridging Generational Divides in the Workplace
Strategic Interviewing & Selection: Getting the Right Talen…
Onboarding Best Practices for Millennial and All Employees
2-Hour Virtual Seminar on How to Conduct an Internal Harass…
FDA Audit Best Practices - Do's and Don'ts
Emotional Intelligence: Mastering the Emotions of Great Lea…
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
Accounting For Non Accountants : Debit, Credits And Financi…
Successful Strategies for FDA Expedited Pathways for Your D…
Regulation update Q1 2025: New and Proposed Regulations for…
Pay Transparency in Action: Strategies for Building Trust a…
Designing Employee Experiences to Build a Culture of Compli…
Developing and Implementing Quality Culture in the Organiza…
Excel Lookup Functions: VLOOKUP, HLOOKUP, and XLOOKUP Made …
Break Free from Toxicity: Reclaim Your Power and Peace
Tips and Techniques for Conducting an Effective Fraud Risk …
Physician Employment Agreements: Problem Areas that can be …
Measure the Effectiveness of Compliance Programs by Engagin…
FDA Regulation of Artificial Intelligence/ Machine Learning
Navigating 2025 Employment Laws: What Every Employer Needs …
Implementing an Effective Human Error Reduction Program
Cleaning Data without Complex Functions - A Course for Data…
Succession Plan for 2025: It's Not Just for Emergencies - I…
Employers Should Prepare for Immigration Raids in 2025! Thi…
Managing Toxic Employees: Strategies For Leaders To Effecti…
Using High-Performance Coaching for Managers to Address Per…
6-Hour Virtual Seminar on Learning the Highlights of Excel …
Principles & Practices for the Cybersecurity of Legacy Medi…