The Basics of the ACH Network
-
Speaker : DONNA K OLHEISER
-
When : Tuesday, December 10, 2024
-
Time : 01 : 00 PM EST
-
Add To Calendar
Refer a Friend
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC.; and holds the Accredited ACH Professional (AAP) designation (achieved in 2004). She 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 electronic (specifically ACH) payments, then scheduling the events to facilitate and deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).
Her extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Ms. Olheiser’s ability to engage the learner through the entire training event helps the adult learner apply what they’ve learned during and after each training session.
Donna has over 24
years of experience in the financial services industry which includes 9
years’ experience as the education service director at a Regional
Payments Association (RPA), where she managed and facilitated the entire
education program for nearly 800 financial institution members. Prior
to that, Ms. Olheiser spent 14 years in various departments with the
Federal Reserve Bank of Minneapolis, including the internal educator for
FedACH Central Operations.
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, and 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.
Same Day ACH is now an option when sending ACH transactions which changes the settlement and funds availability. 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 began in 2016.
Areas Covered
- Who are the Participants in ACH and What is their Role?
- How the ACH Basics have changed since the implementation of Same Day ACH (SDA)?
- Details on how settlement is determined and happens with all options for ACH Entries
- The difference between “Legacy ACH” and “Same Day ACH”
- Funds Availability is defined for all types of transactions
- Discussion on different payment types and options available
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 Should Attend
- Financial Institution professionals (new/current operations staff)
- Banking Operations managers and staff
- Compliance and Risk professionals
- Treasury Management professionals
- Aspiring and current AAP’s (Accredited ACH Professionals)
- Company / Business Owners (Originators)
- Banking Managers/ Supervisors
- Audit and Compliance Personnel / Risk Managers
Why Should You Attend
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 of 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, the trainer will outline the differences. We will also cover the different types of ACH payments including “the what” determines a debit and a credit ACH transaction. This is a must-attend session. The ACH Network is not the same old network – it’s changed, it’s new and improved! There are now options and new opportunities.
Topic Background
What are ACH payments, how do they work and what does that mean to a financial institution and its customers – these 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 in making ACH payments effective, efficient, and inexpensive.
-
$160.00
-
