NEACH Online Learning

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Certification Package: Compliance for ACH Certificate

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    • This certification is available to: Individual Associate Membership, Corporate Originator Associate Membership, FI Trial Membership, Financial Institution, Fintech Associate Membership, Government/Non-Profit Charity Associate Membership, Third Party Associate Membership and Vendor Associate Membership. Please log in to enroll.

Designed for personnel to gain exposure and knowledge of ACH compliance, this certificate provides insight into the complex aspects of the ACH Network, such as the importance of Risk Assessments, exception handling, reclamations, BSA and AML as it relates to ACH. To earn this certificate, ten (10) credits must be earned and an evaluation submitted for each course attended.

Why Complete a NEACH ACH Certificate?

  1. Gain a comprehensive overview of ACH Rules, regulations and processes; 
  2. Strengthen skills to effectively handle payments risk with a deeper understanding of the ACH Network;
  3. Prepare for NACHA certification as an Accredited ACH Professional (AAP) and Accredited Payments Risk  Professional (APRP)
  4. Demonstrate to employers higher level of payments expertise.

 

  • ACH Audit Requirements: Are You Ready?

    Contains 4 Component(s), Includes Credits Includes a Live Web Event on 10/26/2021 at 10:00 AM (EDT)

    This session is a comprehensive review of ACH Audit requirements and includes a bonus section on ACH Risk Assessment components and common recommendations.

    This session is a comprehensive review of ACH Audit requirements and includes a bonus section on ACH Risk Assessment components and common recommendations. 

    As the roles and responsibilities of audit professionals expand, it is important that risk, compliance and operations staff are well-trained on the nuances of audit functions, testing, validation procedures and internal controls. In this workshop, participants will learn how audits are driving efficiency and improving operational excellence across the institution. This highly informative workshop encourages participants to ask what should be reviewed and why in an annual ACH Audit, how risk assessments play a role in strategic program oversight within an institution, and what information should be reported to the Board.  This workshop will cover ACH in detail, being the only payment channel requiring an annual audit today. The presenter will discuss the importance of identifying Third-Party Senders and the Rules surrounding them, including on-boarding, monitoring, and audit requirements. As a bonus, the second half of this workshop will focus on risk assessment components and common recommendations regarding implementing controls for ACH, Wire, and Remote Deposit Capture program!

    Attendees will leave the session with an understanding of:

    1. What should be reviewed and why in your annual ACH Audit;
    2. How risk assessments play an important role at a financial institution; 
    3. Third-Party Sender Rule requirements;
    4. Risk Assessment components and recommended controls for ACH, Wire, and RDC.

    Sandy Cinelli

    Senior Director, Education

  • ACH Exception Handling for ODFIs

    Contains 4 Component(s), Includes Credits

    ​Yikes! There’s an exception item from your Originator! What do you do now?

    Yikes! There’s an exception item from your Originator! What do you do now? This session is an in-depth exploration of the ACH exception process from the view of the ODFI and the Originator. Improper handling of exception items may lead to losses or major compliance violations for the ODFI. This session will review obligations of origination, review the exception process and review common and uncommon exceptions.

    Attendees will leave the session with an understanding of:

    1.  The ODFI's handling of Originator exception items,
    2.  An understanding of an Originator's responsibilities,
    3.  Proper handling of exception items.

  • Common Audit Issues in New England

    Contains 4 Component(s), Includes Credits

    All financial institutions must conduct an annual, ACH Audit. Learn best practices for avoiding common audit findings and ways to strengthen your ACH program.

    All financial institutions must conduct an annual, ACH Audit. Learn best practices for avoiding common audit findings and ways to strengthen your ACH program.

    All participating financial institutions, Third Party Service Providers, and Third-Party Senders are required to complete an ACH audit before December 31, annually. This session will review audit requirements according to the Nacha Operating Rules. The session will also review common non-compliant findings in New England and how they can be prevented by all financial institutions.  Attendees will understand what is looked at during their annual audit, furthering their knowledge to assist an external auditor during testing or to complete the annual audit internally.

    Attendees will leave the session with an understanding of:

    1.  Nacha ACH audit requirements;
    2.  Common audit findings;
    3.  Best practices for avoiding audit issues and areas of non-compliance.


  • RDFI Exceptions 201

    Contains 4 Component(s), Includes Credits

    This session builds on information discussed in RDFI Exceptions 101.

    This session builds on information discussed in RDFI Exceptions 101. 

    This session will build on RDFI Exceptions 101, taking a deeper dive into exception handling. The session will specifically focus on how to properly use the extended return reason codes, including what codes require a completed Written Statement of Unauthorized Debit form and which do not.  It will also discuss responsibilities and rules surrounding permissible returns, as well as returns requested by the ODFI.  Lastly, it will look at Notification of Change entries and how these can be used to effectively to assist financial institutions in reducing incorrect entries.

    Attendees will leave the session with an understanding of:

    1. The extended return reason codes and their requirements;
    2. Utilizing Notification of Change entries to help mitigate exceptions;
    3. Rules surrounding late returns. 

  • Reversals and Your Role in Them

    Contains 4 Component(s), Includes Credits

    What recourse does an ODFI or Originator have when an erroneous file or duplicate Entry has been sent through the ACH Network? Should a financial institution allow Originators to originate reversals, or should it create reversals on behalf of its Originators?

    What recourse does an ODFI or Originator have when an erroneous file or duplicate Entry has been sent through the ACH Network? Should a financial institution allow Originators to originate reversals, or should it create reversals on behalf of its Originators? Reversals come with inherent risks, such as operational, credit, and compliance. This session will focus on the Rules surrounding reversing entries and files, including timing, formatting and Originator responsibilities.

    Attendees will leave the session with an understanding of:

    1. The definitions of reversals and the difference between a File and Entry Reversal;
    2. Requirements for sending Reversals;
    3. Risks associated with Reversals;
    4. Alternatives to sending Reversals. 

  • Third-Party Sender Audits - What, Why, When?

    Contains 4 Component(s), Includes Credits

    Are you considering adding a Third-Party Sender to your portfolio of Originators? What are the risks associated with having Third-Party Senders, and what can you do as an ODFI to help mitigate these risks?

    Are you considering adding a Third-Party Sender to your portfolio of Originators?  What are the risks associated with having Third-Party Senders, and what can you do as an ODFI to help mitigate these risks?  In this session, we will identify the characteristics of Third-Party Senders and the unique risks they pose to ODFIs, as well as suggested controls to have in place to mitigate these risks.  We will also discuss what you can expect from Third-Party Sender ACH Audits, and how you can help prepare your Third-Party Senders for them.

    Attendees will leave the session with an understanding of:

    1. How to identify Third-Party Senders;
    2. Unique risks they pose to ODFIs, as well as the benefits;
    3. What Nacha requires of ODFIs who have Third-Party Senders; and some best practices for addressing these risks. 

    Kathy Shea

    Director, Education

  • What Code Do I Use? CIE, WEB, P2P?

    Contains 4 Component(s), Includes Credits

    Avoid Rules Violations! Dive into SEC Codes and their proper use.

    Avoid Rules Violations! Dive into SEC Codes and their proper use. 

    Since the inception of the P2P Rule, there has been a lot of confusion about what a P2P payment is and how we determine whether an entry is a CIE, PPD, or a WEB. The goal of this session is to clear all the confusion and offer examples based on real-life scenarios. The presenter will offer NEACH’s opinion on P2P payments, as well as Nacha’s view surrounding this topic.

    Attendees will leave the session with an understanding of:

    1. The difference between A2A and P2P transactions;
    2. Authorization requirements of specific SEC Codes, such as WEB, PPD, CIE;
    3. The circumstances surrounding when to use of each of these SEC Codes.

  • ACH File Formats (Bits & Bytes)

    Contains 4 Component(s), Includes Credits

    ​Understanding the ACH formats are important for Operations departments. This session is a corner stone course for AAP candidates.

    Understanding the ACH formats are important for Operations departments. This session is a corner stone course for AAP candidates.

    This session focuses on the intricacies of the ACH record and file formats. It takes you on a comprehensive and detailed review of the field purposes and constructs with discussion of the specific field values, commonly experienced problems, and tips for optimizing ACH Network participation.
      
    Attendees will leave the session with an understanding of:

    1.  ACH file formats, including field types;
    2. Specific formatting requirements for various SEC Codes;
    3. The importance of various fields in a properly formatted ACH file.

    Joe Casali

    EVP

  • BSA/AML: What's Hot in Payments 2021

    Contains 4 Component(s), Includes Credits

    Learn the current issues and changes to BSA/AML compliance obligations and the common regulator findings related to payments and customer risk.

    Learn the current issues and changes to BSA/AML compliance obligations and the common regulator findings related to payments and customer risk.

    The Bank Secrecy Act is once again evolving, and with it, covered-entities compliance. BSA and AML intersect with payments in a variety of ways, yet many covered entities, including financial institutions, fail to balance their BSA/AML obligations with payment operating rules, exposing them to increased risk of fines, losses, examiner findings, and judgements. 

    This updated session will explore areas where BSA impacts payments, particularly in areas where expectations are misunderstood or vague, and how currently proposed amendments to the Act might affect the future of risk management programs.

    Attendees will leave the session with an understanding of:

    1. How proposed amendments affect payments and risk management strategies;
    2. Expose common regulator findings;
    3. Hot issues, like Third-Parties, FinTech, and more.  

    Rayleen M. Pirnie AAP, CERP

    Director, Risk & Fraud

    NEACH

  • It's in Your Procedures, but Does it Comply with the Nacha Rules

    Contains 4 Component(s), Includes Credits

    Join this interactive session drawing on real-world examples, common errors, and recent discoveries from the field which may be causing your financial institution to be non-compliant with the Nacha Operating Rules.

    In a complex system, procedures help maintain consistency. What if, in an effort to be consistent, your procedures go too far? Or they don’t go far enough? This interactive session will examine some common missteps and recent discoveries to identify where alignment between the Nacha Rules and an institution’s procedures have been broken.

    Attendees will leave the session with an understanding of:

    1.  Real-life examples from the field;
    2. Common misconceptions;
    3. How procedures compare to regulations. 

    Joe Casali

    EVP