2008 ACH Educational Webinar Series
Join us as we unravel the complexities of ACH. ACH Direct is hosting a series of free educational webinars which are developed and delivered by an accredited ACH professional from UMACHA, a highly respected and prominent regional payments association.
Consumer demand for electronic payment methods continues to surge. Are you ready to take advantage of this demand by offering a variety of ACH payments? Gain the understanding you need to maximize the opportunities afforded by ACH transactions and maintain compliance with the complex regulations governing the ACH Network by participating in these content-rich seminars.
This is a unique opportunity to further your ACH knowledge and access an expert who can answer the pressing questions you may have.
Dates
- March 11, 2008 - Introduction to ACH
Discover the basic principles of the ACH Network. The history, legal framework, participants and flow of ACH transactions will be discussed. Details on where the Originator fits into the “flow” of an ACH transaction and the route it takes before posting to the Receiver’s account. -
April 8, 2008 - Authorization Requirements
Authorizations can be verbal, written or similarly authenticated, or by notice – but there needs to be one. This session will provide details on ACH authorizations; - PLUS… “Who’s responsible for the authorization?” - May 13, 2008 - Exception Processing (Returns & NOCs)
ACH returns can happen – what are some reasons why and when an ACH entry may be returned. Includes what is a Notification of Change, your responsibilities if you get one, and the timeframes involved.
- June 10, 2008 - Unauthorized Entries and Stop Payments
Details on why and when an entry is returned as unauthorized (consumer and corporate entries)and what is your role as an Originator? What is a Stop Payment and what does it mean/what should you do when your customer returns an entry “Stop Payment”?
- July 8, 2008 - e-Check Conversion Products
A paper check converted to an ACH transaction, specifically ARC, POP and BOC will be examined in this session. As a company (Originator) you need to be aware of the authorization requirements, source documents and retention. Represented Check (RCK) entry requirements will be included.
- August 12, 2008 - WEB and TEL Entries
Requirements for Originators/Companies for WEB (Internet Initiated Entries) and TEL (Telephone Initiated Entries) will be discussed in detail. Authorization and Authentication details for each application will be part of the discussion.
- September 9, 2008 - ACH File Formats - Record Information
As an Originator/Company you enter information into “user-friendly” software to originate ACH transactions. Have you ever wondered what happens to that info or what it means to the receiving financial institution or receiver (consumer/corporate customer)? Details include 1)What information you enter (what does it look like?) to 2)Why the information is necessary? And 3) What does the data looks like on the receiving side? This session will show and tell you how this all happens!
Time
- 1:00 - 2:30 PM CT
Who Should Attend?
- Merchants
- Treasury management professionals
- Decision-makers at not-for-profit organizations, educational institutions, property management companies, government agencies and other businesses interested in the benefits of electronic payments
- Bookkeepers/accountants/payroll professionals
- Anyone interested in furthering their ACH knowledge
Registration
Simply fill out the registration form and submit it by clicking “Submit Form”, attach the form to an email by clicking “Attach Form”, or print and fax the form to Jeff Gonzales, at 972.396.5006. Additionally if you have any questions about the webinars, please call Jeff Gonzales at 866.290.5400 ext. 739. Approximately one week before the webinar, you will receive an e-mail containing the pertinent dial-in information and an attachment of the webinar materials.