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Understanding ACH Origination and Risk

Join us to learn how to decipher the SEC (Standard Entry Class) Codes, how the products work, and what your warranties are.

Upcoming
Tuesday, May 28th, 2024
10:00 am - 11:30 am
Presented by Kate Cole
$299.00 or 1 Token

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

  • Compliance
  • Risk Management/Legal
  • Transaction Compliance
  • Branch Manager
  • Compliance Officer
  • Customer Service Representative
  • Internal Auditor
  • Risk Manager
  • Senior Management

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Did you know that originating ACH entries is optional for a financial institution? It is up to your institution to make that decision and determine the amount of risk you are willing to take. In this session, we’ll talk about what makes a good originator and then we’ll dive into Article II of the ACH Rules. You need to understand your responsibilities as an Originating Depository Financial Institution (ODFI).

What You'll Learn

  • ACH Rule warranties for origination
  • ACH authorizations by SEC Code
  • The impact of Same Day ACH
  • Specific warranties for each SEC Code
  • ACH Formats by SEC Code

Who Should Attend

This course is designed for operations personnel, compliance personnel, auditors, senior management and all others interested in gaining knowledge on ACH Origination and SEC codes.

Kate Cole

Instructor Bio

Mary Kate Cole, AAP, CAE, principal of MK Cole Consulting, has nearly two decades of bank operations experience. Kate is an experienced ACH Auditor as well as speaker on payments related topics. She was VP of the Upper Midwest ACH Association for over 15 years. At that time, she was responsible for member education, ACH Audits and problem solving as well as ACH Development projects. Kate has been active in several National ACH Association Rules Work Groups over her career. She is a popular speaker at both local and national conferences on electronic payments related topics.

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