ACH basics aren't as simple as they used to be, because Same Day ACH has added new options. This 60-minute introduction to ACH payments explains what the ACH network is and gives examples of ACH electronic payments.
You'll learn the five basic participants in every ACH transaction and their roles and responsibilities, see how transactions flow between them, and cover the network's basic legal framework, history, terms and acronyms.
The session demonstrates settlement for both legacy ACH and Same Day ACH, which differ, and explains the common types of ACH payments, including the difference between debit and credit transactions, and how Same Day ACH changed settlement and funds availability.
Constant turnover makes training new staff on ACH basics difficult, and some experienced staff follow a checklist without knowing how payments are processed. This session gives anyone working with ACH payments a clear foundation, and shows how the network has changed since Same Day ACH.
It suits financial institutions, ACH operations and audit departments, and companies that process ACH payments.
Constant turnover makes training new staff on ACH basics difficult, and some experienced staff follow a checklist without knowing how payments are processed. This session gives anyone working with ACH payments a clear foundation, and shows how the network has changed since Same Day ACH.
It suits financial institutions, ACH operations and audit departments, and companies that process ACH payments.
Donna K Olheiser
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience …
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