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ACH 101: A Primer for Every Bank Employee - 2020
Rayleen Pirnie Recorded on February 27, 2020.
This course delves into the basics of the ACH Network. Participants will have the opportunity to:
Learn how to navigate the 2020 ACH Rules book
Identify ACH participants and their responsibilities
Understand the ACH Network transaction flows and related required components such as authorizations
Identify their bank’s participation, liability and warranties
Record how to identify new and upcoming Rules
NOTE: Attendees should have access to a copy of the 2020 Nacha Operating Rules and Guidelines for this course. Attendees will have the opportunity to tag sections, highlight important Rules changes, and more.
If you do not currently have a 2020 Nacha Operating Rules and Guidelines book, you can purchase one:
Through your bank’s Regional Payments Association (if applicable)
Warranties and liabilities of each network participant
Navigating the ACH Rules book
Locate specific articles, sections and subsections
Identify new and future Rules changes
Document difference between new Rules process and updated definitions
Standard Entry Class Codes
Primer of applicable Rules and laws, including government benefit payments
Audits and Risk Assessments
WHO SHOULD ATTEND:
This informative session is designed as an introduction to the ACH Network and Rules. Any staff member new to this environment will benefit, including Operations, Branch Managers, Call Center personnel, Tellers, Customer Service representatives, Risk Managers, Compliance, Audit, Retail Managers, Trainers, Lenders, and Senior Management.
Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert. Her programs educate financial institutions and businesses on topics ranging from payments fraud to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.Always interested in Risk Management, Rayleen has supported many notable organizations over the years. She is a member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise. For 16 years Rayleen has spoken at national and regional conferences. Recent events include NACHAs Payments Conference, the American Bankers Association Risk Management Forum, the Security Matters annual conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City Risk Management Conference.
ODFI Liability Breach of Warranty
Questions and Answers
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