This recorded event is available until June 28, 2013.
Develop a basic understanding of the ACH Network structure. Identify the risks and opportunities within your ACH programs. This briefing provides an introduction to the ACH Network and ACH payments. Grasp the concepts around network functionality and learn about funds flow and settlement for direct deposit and direct payment via ACH consumer and corporate transactions.
During this webinar, you will learn the structure and usage of the ACH record formats and standard entry class (SEC) codes. Examine the roles and responsibilities of the five "basic" types of participants - the originator, ODFI, ACH operator, RDFI and receiver - and their relationships between each other, the sending point, receiving point, third-party service provider and third-party sender. Finally, hear how the ACH Network supports the exchange of both payments and information to enable your credit union to deliver core services and added value to your members.
During this session, you will learn:
- How the ACH Network functions
- The roles and responsibilities of ACH participants
- Distinctions between credit and debit, and corporate and consumer ACH payments
- How the ACH Networks supports payments and information
Who Should Attend
This webinar is designed for accounting managers, CFOs, compliance officers and anyone touching ACH operations in your credit union. Affiliation with CUNA/League is required for attendance.