Description:
The ACH Network is not the same old network – it’s changed, it’s new and improved! There are now options and new opportunities. 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 to make ACH payments effective, efficient and inexpensive.
You’ll come away from this session with a thorough understanding of:
- The 5 essentials participants in ACH and each of their roles in the processing of ACH electronic payments
- How the ACH Basics have changed since the implementation of Same Day ACH (SDA)
- Details on the settlement processes for both Legacy ACH and Same Day ACH
- The difference between “Legacy ACH” and “Same Day ACH”
- Funds Availability defined for all types of transactions
- Discussion on different payment types and options available
- The basic legal framework of the ACH network
- The most common types of payments that flow through the ACH network and how your FI can deal with them
This session has been carefully crafted for those working in Banking Operations, Compliance and Risk, Treasury Management, as well as current and aspiring AAP’s (accredited ACH professionals), bank leadership, and audit personnel.
Reminder: Your registration includes a playback of the session, which is available after the session concludes.
Presenters:
Donna Olheiser
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ experience. She has over 23 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 and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004). 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.
June 13, 2024