Tag Archive for: ACH

Events

, , ,

ACH Risk Assessments for RDFIs & ODFIs

It’s likely that ACH transactions account for the lion’s share of your institution’s daily business.
With such ubiquity comes numerous opportunities for a variety of risks to creep in. When was the last time you did an ACH risk assessment? Do you know the specifics? Attend this webinar to learn the details.

After This Webinar You’ll Be Able To:

  • Distinguish the different risks your financial institution may encounter as an RDFI and ODFI
  • Explain the role of controls in mitigating risk exposure in your ACH operations
  • Understand the methodologies and importance behind assigning risk ratings
  • Explain the difference between inherent and residual risks
  • Differentiate the different controls that may be implemented to mitigate inherent risk

Webinar Details
ACH transaction volume continues to climb each year as more and more consumers and organizations realize the benefits of electronic funds transfers. With the increase in ACH transactions, it is more important now than ever that your financial institution has a clear understanding of the risks involved with receiving incoming ACH transactions, as well as the risk involved in maintaining a sound, safe, and profitable origination program. This program will explore various types of risk, including operational risk, credit risk, compliance risk, and many more. Don’t miss this discussion on Nacha’s A New Risk Management Framework for the Era of Credit-Push Fraud and recommended considerations and controls RDFIs can implement to help fight fraud.

Who Should Attend?
This webinar will benefit operations staff, including operations managers, risk managers, compliance staff, and treasury management support and operations staff.

Take-Away Toolkit

  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presenters
Eric Wester, AAP, APRP — UMACHA

Eric Wester is the Associate Director of Education Services at UMACHA. He is responsible for providing ACH education through virtual learning opportunities, in-person workshops, conferences, and symposiums. With over a decade of banking experience, Wester most recently served as Operations Payment Managing Officer at a regional bank and oversaw all aspects of ACH processing. Prior to that, he served as the Associate Director of Compliance Services at UMACHA, where he was responsible for conducting ACH audits and risk assessments.

Wester is passionate about payments, and he has served as a member of the Fraud Information Sharing Work Group and Fraud Prevention Best Practices and Solutions sub-group with the U.S. Faster Payments Council. He obtained his AAP accreditation in 2017 and his APRP in 2020.

Registration Options
  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
/by
, , ,

2023 ACH Rules Update, Initiatives, & Instant Payments

Join this important ACH update to learn the latest on the rules, including changes that will affect e-payments in 2023.
This informative webinar will also include the latest on new rule amendments, Nacha’s new risk management framework, faster payments, and more.

After This Webinar You’ll Be Able To:

  • Define a third-party sender and nested third-party sender
  • Describe a third-party sender’s ACH rules compliance obligations
  • Explain the proper use of micro entries in the account validation process
  • Consider impacts to your institution’s existing policies and procedures to ensure readiness for new ACH rules
  • Identify current credit-push fraud threats and determine how to improve fraud detection, prevention, and fund recovery
  • Compare key features and identify benefits of instant payments, such as RTP and the FedNow Service
  • Define use cases for instant payments

Webinar Details
Many significant changes are set to impact electronic payments in 2023 and beyond. Join us to learn how to prioritize your institution’s plan of action and maintain compliance with the ever-changing payments landscape. This webinar will review recent and upcoming ACH rule amendments, including third-party sender enhancements and micro entries, and discuss Nacha’s new risk management framework focused on fraud prevention, detection, and recovery associated with credit-push fraud scams. And you’ll get the latest on instant payments — FedNow and RTP.

Who Should Attend?
This informative session is designed for ACH operations staff, cash/treasury management personnel, audit/compliance staff, and individuals with the AAP and/or APRP accreditation.

Take-Away Toolkit

  • Quick reference of ACH rules amendments with implementation dates and considerations
  • Link to Nacha’s new risk management framework
  • Readiness checklists and reference materials for the FedNow Service and RTP
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presenter
Shelly Sipple, AAP, APRP, NCP — EPCOR

Shelly Sipple joined EPCOR in 2005 following an 11-year career with the Federal Reserve Bank of Kansas City. As EPCOR’s Senior Director of Certifications & Continuing Education, she designs and conducts education programs in support of ACH to over 2,000 financial institutions and corporate members. Sipple presents at regional and national industry conferences as an ACH payments expert. She received her Accredited ACH Professional designation in October 2006, her Accredited Payments Risk Professional (APRP) in March 2018, and the National Check Professional (NCP) certification in May 2019. She is an active member of Nacha’s APRP Oversight Panel, Accredited Faster Payments Professional (AFPP) Oversight Panel, and holds a bachelor’s in Business Education.

Registration Options

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
/by
, , , ,

ACH Rules Update

The ACH Rules continue to change and your financial institution will want to be compliant. Bring your 2023 ACH Rule Book and we’ll make sure you are comfortable with the changes. We’ll also look at what happened last year, as a refresher. Join us for this important session.

What You’ll Learn

  • Review the ACH Rule Changes coming in 2023
  • Review what happened in 2022
  • Review NACHA Initiatives

Who Should Attend
This course is designed for compliance personnel, auditors, operations personnel, senior management and all other interested in gaining knowledge on ACH topics.

Instructor Bio
Mary Kate Cole, AAP, CAE, principal of MK Cole Consulting, has nearly two decades of bank operations experience. Cole is an experienced ACH Auditor as well as speaker on payments related topics. She was VP of the Upper Midwest ACH Association for over 15 years. At that time, she was responsible for member education, ACH Audits and problem solving as well as ACH Development projects. Cole has been active in several National ACH Association Rules Work Groups over her career. She is a popular speaker at both local and national conferences on electronic payments related topics.

Registration Option

  • Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD  + $140
    • Additional Live Access + $75 per person
/by
, , ,

RDFI Returns: 2 Banking Days vs. 60 Calendar Days – Understanding the Difference

There’s a big difference between two banking days and 60 calendar days. Do you know which applies to an RDFI return deadline under any given scenario? When is a Written Statement of Unauthorized Debit required? This webinar will explain everything you need to know about ACH return reason codes and timeframes.

After This Webinar You’ll Be Able To:

  • Use the appropriate return reason code for timely ACH returns using the general and extended return timeframes
  • Define your institution’s responsibilities under the Nacha rules and Regulation E regarding ACH transactions
  • Explain the authorization requirements for ACH entries, including the retention timeframe
  • Distinguish between ACH returns requiring a Written Statement of Unauthorized Debit (WSUD) versus those that do not require any documentation
  • Understand the process for an RDFI to request proof of authorization from an ODFI

This course is eligible for 1.8 AAP/APRP credits.

Webinar Details

ACH return reason codes generally fall into one of two timeframes: the general return timeframe (two banking days) or the extended return timeframe (60 calendar days). This webinar will examine these two very different timeframes. It will address the authorization requirements for ACH entries, when a Written Statement of Unauthorized Debit is necessary, and how an RDFI may request proof of authorization from an ODFI.

Who Should Attend?
This informative session is designed for frontline staff, tellers, service representatives, and ACH operations staff.

Take-Away Toolkit

  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presenter

Kimberly Ellis, AAP, APRP – UMACHA
Kimberly Ellis is the Director of Education Services for UMACHA where she provides training and support for financial institutions in the areas of payments & risk management. She graduated from Western Illinois University with a Bachelor of Arts degree in Economics. She holds the Accredited ACH Professional (AAP), and Accredited Payments Risk Professional (APRP). She spent 17 years working in community banks in Southeast Iowa before joining UMACHA in 2020. She has experience working with deposit operations & compliance, risk management, and support for corporate ACH originators.

Registration Options

  • $279 – Live Webinar Access
  • $279 – OnDemand Access + Digital Download
  • $379 – Both Live & On-Demand Access + Digital Download
/by
, , , , ,

Who Is Liable? Forgeries, Remotely Created/Deposited Items, Fraudulent ACH, Unauthorized Electronic Withdrawals, & More

Determining liability is more than finger pointing. Being able to distinguish liability for numerous types of transactions is crucial to making an accountholder whole, detecting fraud, reducing your institution’s risk, etc. Attend this webinar and learn how your institution fits into the mix when liability is in question.

After This Webinar You’ll Be Able To:

  • Distinguish which party is liable in each type of account fraud situation
  • Determine when your institution must reimburse the accountholder
  • Explain what your institution can and can’t require of accountholders when investigating fraud
  • Understand your institution’s liability for forgeries
  • Distinguish between the liabilities of the ODFI and the RDFI for ACH fraud
  • Explain what constitutes an unauthorized electronic withdrawal

Webinar Details

Account fraud has caused staggering losses to financial institutions and losses continue to rise. Your institution’s liability for forged checks, ACH fraud, remotely created and deposited items, and unauthorized electronic items varies depending on the type of fraud, how it occurred, and whether it was a consumer or commercial account. The multitude of applicable laws is mindboggling! This webinar will explain which law applies in each type of account fraud situation, explain your institution’s liability, and what can be done to reduce risk.

Who Should Attend?
This informative session will benefit deposit operations personnel and managers, tellers, compliance staff, new accounts personnel, security officers, fraud investigators, attorneys, and auditors.

Take-Away Toolkit

  • Chart listing the law in each type of account fraud situation and which party is liable
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

Presenter

Elizabeth Fast, JD, CPA – Spencer Fane LLP
Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Fast is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
/by
, , , , ,

What Lenders and Cash Managers Need to Know About ACH

If ACH is a product that you are selling or want to sell, and ACH is new to you, you’ll want to join us for this webinar. We’ll help you understand what ACH is and how it works. You have the responsibility to choose wisely when offering ACH Origination services to your customers. Within the ACH Rules, the Originator and Originating Bank carry most of the risk. Know what your responsibilities are and how to manage your risk.

What You’ll Learn

  • What is ACH
  • Good customers for ACH
  • Most used ACH products
  • ACH Rules around the products
  • Managing your ACH Risk

Who Should Attend
This course is designed for lenders, senior staff, cash managers, operations staff with limited knowledge of ACH, and those that are interested in gaining knowledge on ACH origination and risk.

Presenter Bio
Mary Kate Cole, AAP, CAE, principal of MK Cole Consulting, has nearly two decades of bank operations experience. Cole is an experienced ACH Auditor as well as speaker on payments related topics. She was VP of the Upper Midwest ACH Association for over 15 years. At that time, she was responsible for member education, ACH Audits and problem solving as well as ACH Development projects. Cole has been active in several National ACH Association Rules Work Groups over her career. She is a popular speaker at both local and national conferences on electronic payments related topics.

Registration Options

Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts $279

  • Available Upgrades:
    • 12 Months OnDemand Playback + $110
    • 12 Months OnDemand Playback + CD + $140
    • Additional Live Access + $75 per person
/by
, , , , ,

ACH OnDemand Seminar with Live Streaming

The Automated Clearing House (ACH) Network was created in the late 1970s. For many years, the rules did not change much. It has, however, changed significantly in the last 10 years. Whether you are in operations, cash management, bookkeeping, or any other position that does or may touch ACH, you’ll want to join us for this day of learning. We’ll make sure that as a Receiving Depository Financial Institution and or an Originating Depository Financial Institution, you’ll know your responsibilities regarding ACH.

Covered Topics

  • The ACH Basics: Who are the players?
  • What are all of those ACH acronyms and terminology?
  • What is an ODFI and what are the Responsibilities?
  • What is ACH Origination?
  • Who has what responsibilities?
  • Contracts, we need contracts.
  • What ACH Products should we offer?
  • What do we do if we send a file twice?
  • How do we manage the risk?
  • What is an RDFI and what are the Responsibilities?
  • Receipt of Entries, what do I do if it doesn’t post?
  • How do I return an entry and by when?
  • Do I have to create a Notification of Change?
  • What are the basics of an ACH Audit?

Training Day Agenda (Subject to Change)

  • 9:00 am – 10:30 am CT (15-minute break)
  • 10:45 am – 12:00 pm CT (1 hour lunch)
  • 1:00 pm – 2:30 pm CT (15-minute break)
  • 2:45 pm – 4:00 pm CT

Who Should Attend
Back-office operations, compliance officers, auditors, branch managers, treasury/cash management professionals, frontline staff, and customer service representatives.

Instructor Bio
Mary Kate Cole, AAP, CAE, principal of MK Cole Consulting, has nearly two decades of bank operations experience. Cole is an experienced ACH Auditor as well as speaker on payments related topics. She was VP of the Upper Midwest ACH Association for over 15 years. At that time, she was responsible for member education, ACH Audits and problem solving as well as ACH Development projects. Cole has been active in several National ACH Association Rules Work Groups over her career. She is a popular speaker at both local and national conferences on electronic payments related topics.

Registration

Live Stream + Access the recording for 12 months. $1049

/by
,

ACH Series: ACH Origination Internal, Loans, Transfers & More

Does your institution originate ACH transactions? Do you know which transactions work for your organization? How do you know if your ACH origination program is successful and compliant? This session will provide bountiful information regarding ACH rule requirements, risk management, transaction processing, and exception processing.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:
• Understand the benefits of internal ACH origination
• Explain the use cases for internal ACH origination
• Describe the risk management considerations for internal ACH origination
• Differentiate the transaction types and requirements
• Appropriately handle any exceptions

WEBINAR DETAILS
This webinar is designed for any financial institution that does or is considering internal ACH origination. Do you offer or are you considering sending ACH debits for loan payments and transfers of interest earned? What about accounts payables? Did the COVID-19 emergency have you scrambling to issue checks for payments? Using the ACH Network for payments processing for internal applications can save time and money and also create efficiencies. This webinar will help you get started on (or make sure that you are staying on) the path to ACH origination success!

WHO SHOULD ATTEND?
This informative session is ideal for ACH operations personnel, audit and compliance staff, and AAP candidates.

TAKE-AWAY TOOLKIT
• Electronic quick reference guide
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits
• Employee training log
• Interactive quiz

This course is eligible for 1.8 AAP/APRP credits.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER — Michele L. Barlow, AAP, NCP, Macha/PAR
Michele Barlow is the Senior Vice President at Macha/PAR (Everything Payments, Everywhere), with offices in Wisconsin and Maryland. Before joining the Macha team in 2009, Barlow spent several years as a corporate trainer in the financial industry. She is responsible for development and execution of association training and certification programs, conference planning, and member service. Barlow is a past member of Nacha’s Blue Ribbon Panel and currently serves on the APRP Oversight Panel, the Payments Institute Board of Regents, and Nacha’s LMS Editorial Board. She is active on other national committees, and a frequent speaker at industry events. She obtained her AAP certification in 2010, her NCP in 2011, and became an NCP Certified Trainer in 2012. Barlow holds a bachelor’s from the University of Wisconsin.

REGISTRATION OPTIONS

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $320 – Both Live & On-Demand Access + Digital Download
/by
, ,

Deposit Ops Series: Payment Systems Bootcamp

Do you understand the primary payment systems in the US? How many are there? This is a prime opportunity for the frontline and new employees to learn about payment options, how transactions flow, funds availability, and related rules. Discover how to answer accountholder questions with confidence!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Distinguish which payment system was used, including the parties involved and how the payment was authorized by the accountholder
  • Define the parts and parties of a check and the parties to an ACH transaction, wire transfer, and card payment
  • Understand the basic transaction flow for ACH, card, wire, and check payments, including how they may affect funds availability for accountholders
  • Explain options for accountholders wanting to send or receive funds into your financial institution
  • Start a conversation internally using our key takeaways to learn more about when transactions post, cutoff times, unauthorized and stop payment requests, and more

WEBINAR DETAILS
Financial institutions regularly hire new staff due to retirement, promotion, or turnover. As part of their comprehensive training, new employees must achieve a basic understanding of the four main payment systems. This session is designed to give new operations staff that baseline understanding. It will address checks, ACH, cards, and wire participants, plus rules and key considerations for all staff. After this session, attendees will be more confident in answering accountholders’ transaction inquiries.

WHO SHOULD ATTEND?
This informative session is designed for tellers, frontline staff, and new employees.

TAKE-AWAY TOOLKIT

  • Key takeaways of payment systems basics to use as a conversation-starter to learn more about your institution’s policies, procedures, and practices
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits
  • Employee training log
  • Interactive quiz

This course is eligible for 1.8 AAP/APRP credits.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER — Kimberly Ellis, UMACHA
Kimberly Ellis is the Director of Education Services for UMACHA where she provides training and support for financial institutions in the areas of payments & risk management. She graduated from Western Illinois University with a Bachelor of Arts degree in Economics. She holds the Accredited ACH Professional (AAP), and Accredited Payments Risk Professional (APRP). She spent 17 years working in community banks in Southeast Iowa before joining UMACHA in 2020. She has experience working with deposit operations & compliance, risk management, and support for corporate ACH originators.

REGISTRATION OPTIONS

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $320 – Both Live & On-Demand Access + Digital Download
/by
, , ,

ACH for P2P Transfers: Perils & Protections

Person-to-person transfers are now a reality and becoming more mainstream. What can go wrong and what are the remedies? How much risk is involved? Don’t miss this prime opportunity to learn the ins and outs of P2P transfers via the ACH Network, including the recently updated FAQs from the CFPB.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • List the different types of P2P payment options
  • Explain the rules that govern P2P payments
  • Understand what is and is not an error
  • Explain your role in the error resolution process
  • Ensure compliance with the rules and regulations
  • Summarize the December 13, 2021, CFPB updates as they pertain to P2P payments

WEBINAR DETAILS
Some of today’s most common payment questions pertain to consumer person-to-person (P2P) transfers via the ACH Network and third-party payment applications. Most often, these questions are about fixing something that went wrong. These problems include fraud, incorrect account numbers, and buyer’s remorse — all of which can result in losses for your institution. This topic is even more consequential because the CFPB recently issued updated FAQs that highlight the importance of the financial institution’s role in the error resolution process. Don’t miss this chance to learn about the unique features of P2P transfers via the ACH Network, including:

  • ACH rules for P2P entries
  • Unique ACH format requirements
  • Risk management
  • Common errors and unauthorized transactions
  • The financial institution’s responsibility for error resolution

WHO SHOULD ATTEND?
This informative session is ideal for ACH operations personnel, audit and compliance staff, and AAP candidates.

TAKE-AWAY TOOLKIT

  • Link to the CFPB FAQ document
  • Electronic copy of Macha’s Quick Reference Guide to Initiating ACH Transfers
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits
  • Employee training log
  • Interactive quiz

This course is eligible for 1.8 AAP/APRP credits.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your agency is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER – Michele L. Barlow, Macha/PAR
Michele Barlow is the senior vice president at Macha/PAR (Everything Payments, Everywhere), with offices in Wisconsin and Maryland. Before joining the Macha team in 2009, Barlow spent several years as a corporate trainer in the financial industry. She is responsible for development and execution of association training and certification programs, conference planning, and member service. Barlow is a past member of Nacha’s Blue Ribbon Panel and currently serves on the APRP Oversight Panel, the Payments Institute Board of Regents, and Nacha’s LMS Editorial Board. She is active on other national committees, and a frequent speaker at industry events. She obtained her AAP certification in 2010, her NCP in 2011, and became an NCP Certified Trainer in 2012. Barlow holds a bachelor’s from the University of Wisconsin.

REGISTRATION OPTIONS

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $320 – Both Live & On-Demand Access + Digital Download
/by
WBA logo

questions@wisbank.com

608-441-1200

4721 S Biltmore Ln.
Madison, WI 53718

Get our Newsletter!
Subscribe