ACH expert Eric Wester will explain the responsibilities of financial institutions that originate ACH transfers. You will learn how to process transactions and handle exceptions.
Topics Covered
- What are the responsibilities of financial institutions that originate transactions?
- What are the content and format of an ACH file?
- How are SEC codes used?
- How should you accept returns and process reversals?
Training Overview
ACH Origination in 2023: Everything you need to know. Master processing requirements and procedures.
Originating ACH transfers requires financial institutions to follow detailed procedures, several of which have been recently updated and will continue to evolve in 2023. You must understand how to send funds, handle exceptions, accept returns, and process reversals. Providing ACH origination services will enable you to send funds quickly and easily while minimizing risk and ensuring accuracy for your account holders.
- What are the responsibilities of financial institutions that originate transactions?
- What are the content and format of an ACH file?
- How are SEC codes used?
- How should you accept returns and process reversals?
We are offering the ACH Bootcamp: A 5-Part Series here.
Who Should Attend?
- ACH operations staff
- Operations managers
- Operations training staff
- Backup operations staff
- Internal auditors
- Deposit compliance staff
- Professionals at financial institutions who interact with third-party senders
Expert Presenters
Kim Ellis
- Director of Education at UMACHA
- 17 years of banking experience, focusing on deposit operations and compliance management
- AAP
- Works with business customers in the community bank market
- Provides assistance and support for ACH and cash management services
Jennifer A. Miller
- Senior Director of Services at UMACHA
- 25 years of baking experience, most recently in software product management, design, and consulting
- AAP
- Works with financial institutions and corporations to provide education and training on electronic payments
- Focuses on balancing regulation with managing market expectations in innovative ways
Eric Wester
- Associate Director of Education Services at UMACHA
- Over a decade of banking experience
- Former Operations Payment Managing Officer at a regional bank, overseeing all aspects of ACH processing, including oversight of the origination and receipt ACH functions.
- AAP
- APRP
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