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Course description

This three-part webinar series provides with ACH essentials. Designed specifically for financial institutions, each session builds off the last, a total of 6 hours of training.

Part 1 guides attendees through the life of an ACH transaction, including how ACH credits and debits are processed, and explains who the network participants are. We will also explore the involvement of third parties in the ACH Network, and the risks they present to your bank.

The program will also help attendees understand special codes called Standard Entry Class Codes (SECs) used for transactions in the ACH Network. This webinar will also discuss other laws and regulations that apply and will highlight critical processing requirements that can reduce the bank’s exposure to risk. It will also explore the most common violations for some SECs to help your bank avoid problems.

In addition to course materials, attendees will receive a free Quick Reference Guide for Standard Entry Class Codes.

Part 2 explores ACH authorization requirements, notifications of change (NOCs), written statements of unauthorized debit, and revoked authorizations in the ACH Network from the perspective of how each affects a bank and their customers. We will highlight appropriate ACH Rules, plus applicable laws and regulations. From initial obligations to ongoing requirements, we'll look at each issue from multiple perspectives, ensuring attendees have a holistic view of each process in order to properly manage risk. We will also explore common areas of confusion and situations that can create a Rules violation.

In addition to course materials, attendees will receive a free Notification of Change quick reference guide.

The final part explores ACH pre-notifications, returns and reversals from the perspective of how each affects the RDFI and the ODFI. Some discussions will also include how the actions (or inactions) of an Originator affect the ODFI's liability and responsibility. We will walk through potential pitfalls, risks, and compliance obligations when handling daily situations.

Attendees will have the opportunity to test their new skills against common scenarios, with an emphasis on scenarios that are often handled incorrectly, resulting in non-compliance, increased risk and even preventable loss.

Instructor(s)

Rayleen Pirnie

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert. Her programs educate financial institutions and businesses on topics ranging from payments fraud to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.Always interested in Risk Management, Rayleen has supported many notable organizations over the years. She is a member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise. For 16 years Rayleen has spoken at national and regional conferences. Recent events include NACHAs Payments Conference, the American Bankers Association Risk Management Forum, the Security Matters annual conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City Risk Management Conference.

Course curriculum

  • 1

    Video

    • ACH Basics, Part 1

    • ACH Basics, Part 2

    • ACH Basics, Part 3
  • 2

    Materials

    • ACH Basics, Part 1 - Slides

    • ACH Basics, Part 1 - Q and A

    • ACH Basics, Part 2 - Slides

    • Notification of Change quick reference guide

    • ACH Basics, Part 2 - Q and A

    • ACH Basics, Part 3 - Slides

    • ACH Basics, NACHA Bulletin

    • ACH Basics, Part 3 - Q and A