In response to the need for faster electronic payments and settlement, NACHA balloted a proposal for Same-Day ACH. The ballot passed and Same-Day ACH is rolling out over a three year span; phase one went into effect in September 2016. Current statistics show that Same-Day ACH is already gaining in popularity, but phase two is just around the corner and presents significantly more risk for all involved. In this training program, participants will grasp the background and basics of Same-Day ACH and learn to analyze the benefits and risks involved.
Why Should You Attend:
Same-Day ACH presents unique opportunities and risks to organizations who elect to use the service and to financial institutions who elect to offer the service. This webinar analyzes how faster payments can benefit organizations and financial institutions, and highlights increased risk and fraud potential that participants need to prepare for. With the help of case studies, attendees will determine if Same-Day ACH is right for your organization.Learning Objectives:
- Review Same-Day ACH background and basics
- Record benefits and risks
- Analyze use case studies
- Determine if Same-Day ACH is right for your organization
Areas Covered in the Webinar:
- Same-Day ACH background
- Same-Day ACH basics
- The phases of implementation
- How to tell if an entry is Same-Day
- Which entries are allowed in Same-Day ACH and which are prohibited
- Selecting business customers who are approved to use Same-Day ACH
- Returns
- How Same-Day ACH affects financial institutions, businesses and consumers
- How Same-Day ACH benefits financial institutions, businesses and consumers
- Use case studies
- Costs
- Challenges
- Risks
- Considerations to managing enhanced risk and fraud potential
Who Will Benefit:
Organizations that process ACH transactions and any financial institution considering offering same-day ACH to clients. Positions include:- Accounts payable
- Management
- Risk managers
- Fraud investigators
- Operations
Course Provider
Rayleen M Pirnie,
