Description: Understanding
the laws, regulations, and rules for processing ACH is a must for every
financial institution. This two-day workshop is designed to introduce attendees
to the ACH Network by providing an in-depth review of the essentials for
compliant ACH operations. During the workshop, you learn how to identify ACH
Network participants; discover how an understanding of ACH terms and payment
formats can expedite the resolution of customer inquiries; navigate the maze of
the ACH Rules Book to find the information you need; decode an Entry to
understand the message being received; chart the course of an Return Entry; dig
through the technical specifications of a File; and identify and quickly
troubleshoot errors.
Take-aways:
- SEC Code
Quick Reference Chart
- Time Frames,
Transaction Handling, and Retention Quick Reference Chart
- FAQs about ACH Network and Federal Reserve Bank
optional programs