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ACH 101: Learn the Essentials of ACH Processing

This informative webinar is designed to provide an understanding of the ACH Network and its pivotal role in the financial ecosystem. You will receive a foundational overview of ACH, including its functions in delivering electronic payments. You’ll gain insights into the key participants in the ACH process, such as ODFIs, RDFIs, and third-party service providers, and understand how they collaborate to process transactions seamlessly.

Upcoming
Tuesday, February 4th, 2025
10:00 am - 11:30 am
Presented by Kevin Olsen
1.8 AAP Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Customer Service
  • Deposit
  • General Compliance
  • Management/Employee Development
  • Teller
  • Transaction Compliance
  • Customer Service Representative
  • New Accounts Representative
  • Risk Manager
  • Senior Management
  • Training Manager
  • Trainer

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If you’re new to the Automated Clearing House (ACH) network or aiming to strengthen your foundational knowledge, join the Payments Professor for an engaging webinar tailored for deposit and operations professionals, as well as anyone interested in mastering ACH basics. This session offers a thorough introduction to ACH, breaking down its critical role in the financial system and explaining how it facilitates seamless electronic payments.

During this webinar, you’ll learn the essentials of ACH, including the differences between ACH credits and debits and how each is utilized in daily banking operations. Discover the key participants in the ACH process, such as ODFIs, RDFIs, and third-party service providers, while gaining a step-by-step understanding of the ACH payment cycle.

This session will walk you through the ACH payment cycle, detailing each step from initiation to settlement. Explore common ACH applications through real-world examples like direct deposits, bill payments, and business transfers while gaining essential knowledge about SEC Codes.

The session also covers practical applications, like direct deposits and bill payments, along with essential compliance requirements and risk management practices to ensure secure and efficient ACH transactions. Whether you’re starting in the industry or looking to deepen your expertise, this webinar is the perfect opportunity to build a strong foundation in ACH.

What You'll Learn

  • What is ACH: An overview of the ACH Network, its role in the financial system, and how it facilitates electronic payments
  • Types of ACH Transactions: Understand the difference between ACH credits and debits, and how each type is used in everyday banking operations
  • ACH Participants: Get to know the key players in the ACH process, including Originating Depository Financial Institutions (ODFIs), Receiving Depository Financial Institutions (RDFIs), and third-party service providers
  • The ACH Payment Cycle: Learn the step-by-step process of how ACH transactions are initiated, processed, and settled
  • Common ACH Applications (aka SEC Codes): Explore practical examples of ACH transactions, such as direct deposit, bill payments, and business-to-business transfers
  • Compliance Basics: Gain an understanding of the essential compliance requirements and risk management practices associated with ACH transactions

Who Should Attend

Whether you’re just starting out or need a refresher, this session is tailored for deposit and operations staff to provide you with the knowledge and confidence to effectively manage ACH transactions in your daily work.

Kevin Olsen

Instructor Bio

Kevin Olsen is the Payments Professor bringing enthusiasm and motivation to presentations. Viewing the world as a classroom which is exemplified in the professor’s “edutainment” (when education is motivating, informative, and fun) style of training as he seeks to educate and inform all on the latest developments and trends in the fascinating world of electronic payments Kevin develops programs, presentations, and articles designed to orient and educate financial professionals on a multitude of electronic payment topics. Kevin is also a certified business coach helping lead organizations to innovate and communicate in the ever-changing world of payments, including building of payment strategies with a focus on product development and use cases for faster payments (RTP & FedNow).

Among his many certifications, Kevin is an Accredited ACH Professional (AAP), an Accredited Payments Risk Professional (APRP), an NCP (National Check Payments Certification) as well as an NCP Certified Trainer and a Certified High-Performance Coach (CHPC), and holds a masters in industrial organizational psychology from Liberty University.

Continuing Education Credit Information

ACH 101: Learn the Essentials of ACH Processing has been approved for 1.8 AAP renewal credits by Nacha. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at Nacha.

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