Whenever funds are moved between the parties of an ACH entry, risk is created based on who those parties are, how long it will take to settle that payment, and the credit worthiness of the participants. Participate in this seminar and learn about the four primary types of risks and how to manage them. This class is designed to give you the technical understanding needed to be able to look into an ACH file for details. Covered in this class will be such topics as file layouts, field definitions and requirements, data acceptance specifications, and more. This seminar is a must for anyone supporting ACH services or desiring to bring their ACH knowledge closer to the expert level.
All financial institutions offer some cash management products to their customers.
Learn about existing products and some of the new products that will help you attract and retain your corporate customers. This review is included in the price of the Check Certification registration fee and is a good way to direct final study efforts. Three hours are allowed for completion of this test. This full-day seminar is designed to touch on all facets of checks and check processing. The ACH Operating Rules now require that an ACH audit be completed annually by December 1st.