ComplianceOnline

A2Z of ACH - Transaction Flows and Standard Entry Class Codes - Part 1

Instructor: Rayleen M Pirnie
Product ID: 704571
Training Level: Basic
  • Duration: 90 Min
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This three-part webinar series is designed specifically for businesses who either currently process ACH credits and/or debits, or those exploring the network for use in the future. Each session will focus on niche areas of ACH essentials. This first part in the series will focus on recognizing an ACH transaction flow - both credit and debit, identifying ACH network participants, and locating Standard Entry Class Code (transaction) Rules in the ACH Rules book.

"A2Z of ACH - Transaction Flows and Standard Entry Class Codes - Part 1" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.8 CPE credit up on full completion of the course.

Why Should You Attend:

This session will guide attendees through the life of a typical, domestic ACH transaction, both credit and debit, and who the network participants are. Transactions in the ACH network use special codes called Standard Entry Class Codes, or SECs. ACH can provide businesses with fast, cost effective payment processing, but various types of transactions require different actions from your business. Businesses take on more risk if they process the wrong transaction type or don’t follow all of the ACH Rule requirements. From payroll to consumer debits, this course will define SECs that a business would use, evaluate examples of when the SEC is appropriate, and isolate processing requirements.

This is a great time to double-check your operational procedures and make sure your business is using the network effectively. For businesses who are not yet processing ACH transactions, this is a great opportunity to better understand what types of transactions are available and what is required.

In addition to course materials, attendees will receive a free business Quick Reference Guide for Standard Entry Class Codes. We encourage attendees to keep your ACH Rules book handy. You can get a copy from your financial institution, a regional payments association in your area, or order one from www.nacha.org.

Webinar Series:

A2Z of ACH - Authorizations, Revocations, and NOCs - Part 2
A2Z of ACH - Pre-Notifications, Returns and Reversals - Part 3

Learning Objectives:

  • Recognize an ACH transaction flow, both credit and debit
  • Identify ACH network participants
  • Isolate unique transaction requirements
  • Locate Standard Entry Class Code (transaction) Rules in the ACH Rules book
  • Using instructor provided scenarios, attendees will define the correct SEC to use in different business circumstances

Areas Covered in the Webinar:

  • ACH credit transaction flow
  • ACH debit transaction flow
  • Identifying third-parties that can be involved in a transaction
  • Define, provide examples of, and discuss Standard Entry Class Codes a business could use. Discussion to include unique requirements and risks as appropriate.
    • Accounts Receivable Check
    • Back Office Conversion
    • Corporate Credit or Debit
    • Corporate Trade Exchange
    • International ACH Transaction
    • Point of Purchase Entry
    • Point of Sale Entry
    • Prearranged Payment and Deposit Entry
    • Represented Check Entry
    • Telephone Initiated Entry
    • Internet Initiated Entry

Who Will Benefit:

  • Financial Institution Executives and Professionals
  • Banking Operations Managers and Staff
  • Treasury Management
  • AAPs (Accredited ACH Professionals)
  • Payroll Processors
  • Company /Business Owners (Originators)
  • Banking Managers/ Supervisors
  • Third-Party Service Providers and Third-Party Senders
  • Audit and Compliance Personnel / Risk Managers
  • Professionals from Financial Institutions
  • Treasury Management
  • Any business that currently uses ACH and wants to expand their knowledge
  • Businesses who plan to expand their use of ACH and want to explore transaction options
  • Businesses exploring ACH for the first time

Instructor Profile:

Rayleen M. Pirnie, AAP, is CEO and founder, 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.

With her avid interest in risk management, she 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, Ms. Pirnie has spoken at national and regional conferences. Recent events include NACHA’s 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. She holds a Bachelor’s of Science in Criminal Justice Administration and is an Accredited ACH Professional (AAP).

We are registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. Our registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.


Field of Study Minutes CPE
Specialized Knowledge and Applications 90 1.8
Total Duration - 90 Min Total Credits - 1.8

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