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Automated Clearing House (ACH) Training: The Fundamentals
Webinar
11 AM CT
Presenter(s): Margaret Simmons
Duration: 1 hour
Pricing:
$299 - Live, Download or CD
$249 - (for Affiliation Members)
$349 - Live + Download or Live + CD
What is an RDFI? An ODFI? What is an ACH Operator and what does the Operator do? If you are new to the world of electronic funds transfers or if you have only limited exposure, you might not recognize these terms and the related Automated Clearing House (ACH) requirements. This webinar is designed to help you become acquainted with the basics of the ACH Network so you have a better understanding of your financial institution’s role and responsibilities, and to help you meet the requirements for processing transactions through the ACH Network.
Join our ACH expert Margaret Simmons to learn what transactions can be processed, compliance tips, and answers to these questions and more:
- What is an RDFI? An ODFI?
- What is an ACH Operator and what are the Operators’ responsibilities?
- Does every financial institution participating in the ACH Network have to accept every type of ACH transaction?
- Does every financial institution originate ACH transactions?
- How are Third-Party Service Providers involved in the processing of ACH transactions?
BIO: Margaret L. Simmons
Margaret L. “Marge” Simmons is President of Electronic Payments Advisory Services. Marge’s thirty plus years of experience in the area of electronic payments includes product management of ACH software at Brinkman Technologies in Carrollton, Texas, President of The Payments Authority - Michigan’s regional electronic payments association, and 12 years in Treasury Management at Comerica Bank in Detroit, Michigan.
Throughout her career Marge has been directly involved with the electronic payments industry through participation in national councils, committees and work groups. She has been an instructor at NACHA’s Payments Institute and is a nationally recognized speaker on topics related to all facets of the electronic payments industry. Current consulting activities include conducting ACH audits, training, audio conferences and webinars, and providing ACH expert witness services.
Marge is the author of Automated Clearing House Transactions: Operations, Compliance and Audit, the ACH Training Manual and the Bank Teller’s Report newsletter.
Permanent professional designations include Accredited ACH Professional (AAP) and Certified Cash Manager (CCM).
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