What are ACH Payments, How do they work and What Does that Mean - Essentials of ACH Payments

Duration: 90 Minutes
This training program will help attendees identify what is ACH network and examples of ACH electronic payments. It will list the five basic participants in each electronic ACH transaction and describe the settlement process and the difference between a debit and a credit ACH transaction.
What are ACH Payments
Instructor: Donna K Olheiser
Product ID: 501184
Objectives of the Presentation
  • Identify what is the ACH network and examples of ACH electronic payments
  • List the five basic participants in each electronic ACH transaction
  • Outline the roles each participant plays in the processing of ACH electronic payments
  • Define the basic legal framework of the ACH network
  • Illustrate the most common types of payments that flow through the ACH network
  • Describe the settlement process and the difference between a debit and a credit ACH transaction
Why Should you Attend
In the financial services industry, there is constant turnover and training new employees on the basics of ACH electronic payments can be difficult and time-consuming. Perhaps you have staff that have been working in ACH for some time, come to work every day, follow a checklist, but have no idea what or how the ACH payments get processed. For these employees and others whose responsibilities pertain to ACH payments, this webinar will provide the basis of how ACH payments work.

What are ACH payments, how do they work and what does that mean to a financial institution and its customers – are a few questions that will be answered during this introduction to ACH payment processing. In this 90-minute information-filled session, attendees will discover the fundamentals of how ACH electronic payments work and the roles that each participant in the ACH network plays to make ACH payments effective, efficient and inexpensive.

Areas Covered
  • The ACH network - a brief history
  • Five basic participants and their roles and responsibilities in the ACH network
  • Common types of ACH payments – to identify how ACH payments are used everyday
  • Identify the difference between a debit and credit transaction
  • Illustrate the flow of ACH transactions among the basic five participants
  • Definitions of terms and acronyms used in the ACH network
  • How settlement works with the processing of ACH transactions
Who can Benefit
  • Financial Institution professionals (new/current operations staff)
  • Banking operations managers and staff
  • Compliance and risk professionals
  • Treasury management professionals
  • Aspiring AAPs (Accredited ACH Professionals)
  • Loan officers
  • Credit risk managers
  • Payroll processors (new and current staff)
  • Company/business owners (originators)
  • Banking managers/ supervisors
  • Third-party service providers and third-party senders
  • Audit and compliance personnel/risk managers
$300
Recorded Session for one participant
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Recorded Session - How it works
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  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She 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 electronic (specifically ACH) payments, then scheduling the events to facilitate and deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).

Her extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Ms. Olheiser's ability to engage the learner through the entire training event helps the adult learner apply what they've learned during and after each training session.

She has over 24 years of experience in the financial services industry which includes 9 years' experience as the education service director at a Regional Payments Association (RPA), where she managed and facilitated the entire education program for nearly 800 financial institution members. Prior to that, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).
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