Every day, your credit union deals with hundreds, if not thousands, of ACH transactions. But do you know how these transactions are sent, processed, and received? And, are you aware of the new regulations that will impact the way your credit union deals with these transactions? In this CUNA Training on Demand course, you'll be introduced to the basic elements and processes associated with the ACH network. Additionally, you'll learn about an upcoming change-implementation of the so-called IAT code that will not only have a significant effect on the entire ACH network, but also on the way your credit union does business.
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See a PDF sample of the workbook.
Estimated length of course: 35 minutes
This is a CUNA Training on Demand course.
After this CUNA Training on Demand course, participants will be able to:
- Define ACH
- Explain the relationship between NACHA and ACH
- Recognize changes to the ACH process in terms of the new IAT rule
- Recognize the steps your credit union must take to comply with the IAT rule
- Describe the penalties for noncompliance
With each CUNA Training on Demand purchase, you will receive five online exams through CUNA Professional Development Online (CPD Online). Exam instructions will be provided after your order is processed.
Additional exams can be purchased for $24.50 each.