This session dives deep into the intricacies of ACH file structures, from batch headers to addenda records, offering the knowledge you need to excel in your daily operations and ace the AAP exam. Discover how understanding file formats contributes to operational efficiency and compliance in the evolving payments landscape.
Key topics include a detailed breakdown of NACHA file layouts, the role of Standard Entry Class (SEC) codes, and the critical requirements for data fields within ACH files. Gain exam-specific strategies to master the ACH file format section and boost your certification readiness. Ideal for financial institution professionals, ACH coordinators, and AAP candidates, this webinar equips you with the tools to navigate ACH file formatting confidently and effectively.
What You’ll Learn
- Dive into ACH File Formats: Explore the essential components of ACH files, including batch headers, detail records, and addenda records, and how they interact within the payment process
- Prepare for the AAP Exam: Get exam-specific tips and strategies to help you master the ACH file format section and boost your overall AAP exam performance
- Introduction to ACH File Formatting: Understanding the structure and purpose of ACH files in electronic payment processing
- NACHA File Layout Overview: Breakdown of file, batch, and entry-level records
- Standard Entry Class (SEC) Codes: Explanation of SEC codes and their role in ACH file processing.
- Detailed Record Types: Analysis of header records, detail records, and addenda records, including their required fields
- Data Field Requirements: Explanation of mandatory versus optional fields and proper field formatting
Who Should Attend
This webinar is ideal for financial institution professionals, ACH coordinators, and anyone pursuing the AAP certification. Whether you’re new to ACH processing or looking to solidify your expertise, this session will provide the knowledge and tools you need to excel in the rapidly evolving world of ACH file formats.
Instructor Bio
Kevin Olsen is the Payments Professor bringing enthusiasm and motivation to presentations. Viewing the world as a classroom which is exemplified in the professor’s “edutainment” (when education is motivating, informative, and fun) style of training as he seeks to educate and inform all on the latest developments and trends in the fascinating world of electronic payments Kevin develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Kevin is also a certified business coach helping lead organizations to innovate and communicate in the ever-changing world of payments, including building of payment strategies with a focus on product development and use cases for faster payments (RTP & FedNow).
Among his many certifications, Kevin is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), an NCP (National Check Payments Certification) as well as an NCP Certified Trainer and a Certified High-Performance Coach (CHPC), and holds a master’s in industrial organizational psychology from Liberty University.
