Can you say, without a doubt, that you are aware of all laws, regulations and rules that govern the way Automated Clearing House (ACH) transactions should be processed?  Do you know the difference between an ARC, POP and BOC?  Does the “ACH risk meter” at your financial institution register on low?

If you cannot answer a resounding “YES” to these questions, then you need to attend Sheshunoff’s ACH Certification Program! This robust training program provides the in-depth knowledge you need to effectively manage ACH transactions.  Plus, you’ll earn a professional ACH designation! 

This comprehensive webinar program will provide the skills and resources you need to keep your institution competitive in today’s economically challenged marketplace while ensuring you know what it takes to comply with the laws, regulations and NACHA rules that govern ACH transactions.

By the end of the program you will be able to:

• Associate the roles and responsibilities of each party involved in an ACH transaction
• Specify ACH transactions by their standard entry class code
• Identify where exceptions can occur and how to handle them
• Navigate current ACH rules and associated regulations
• Distinguish ACH-related risk and how to manage it and
• Recognize the requirements for conducting your 2012 ACH audit
• Prepare for and pass your annual ACH audit with flying colors!

The Sheshunoff ACH certification course offers you the flexibility to attend the entire program in-house! Our program includes 6 interactive webinars and an accompanying manual. We recommend all attendees familiarize themselves with the accompanying manual in advance of the webinar sessions. Sheshunoff’s ACH Training manual is a valuable self-study guide to use after the webinar series and covers all key areas of ACH in manageable sections. Cross-references to ACH Rules and federal regulations are included so you can easily find additional information on each topic. The more you know, the more you can do to help control risk and ensure you are in compliance with the rules and regulations governing ACH transactions! Topics covered will include: 

• ACH Fundamentals
  • Roles & responsibilities of participants in an ACH transaction
  • Review all transaction types processed through ACH network
• Origination/receipt
  • ODFI responsibilities and warranties
  • RDFI responsibilities and warranties
• Exception Processing
  • Return entries
  • Written Statement of Unauthorized Debit
  • Notifications of change
• Regulatory Compliance
  • Regulation E
  • UCC4A
  • Regulation CC
  • Regulation D
  • Green Book
  • OFAC
• Risk Management
  • How to identify risk associated with ACH processing
  • Risk management tools and controls
• Audit
  • ACH audit preparation
  • RDFI audit requirements
  • ODFI audit requirements

Training will be conducted twice daily, from 11-12:30 and 2:30-4 Eastern Time. Each 90-minute session consists of presentation with time for attendees to ask questions. Plan to attend each session in its entirety in order to take full advantage of this unique learning experience. Additionally, each session includes multiple choice review questions to reinforce the learning process. 

Attendees present for all 6 webinars and who complete a survey will receive a certificate for 9 continuing education credits. Those unable to attend a specific session will have access to audio recordings for all sessions along with presentation material on a secure website. All attendees must call in from one phone line. Additional charges will apply for multiple phone lines. If you are unable to attend this training session, contact your account representative to register for the next Certification Training Program.

Certification:

Upon successful completion, candidates who meet the requirements below will earn certification from Sheshunoff – a certification that shows your employer and regulators that you have met the standards of education, experience and skill required for this prestigious recognition by the industry leader in bank compliance. 

To qualify for Sheshunoff’s ACH Certification:

Candidates must successfully complete the course and exam and recertify every two years. Examinations are electronic but other arrangements can be made as necessary.  

To request your ACH Certification Exam:

Send an email to certification@sheshunoff.com containing the following information within one year of the purchase date of the ACH Certification: 

• The name, title and e-mail address of the student, as it should appear on the certificate
• The name of the test being requested
• The name, title and e-mail address of the proctor
• The name and mailing address of the financial institution, as it should appear on the certificate
• The date on which you would like to take the exam. Please allow 5 business days from the time of request

Once this information has been processed, an email will be sent to the exam proctor that contains exam instructions and login information. The exams are administered online and consist of multiple-choice questions. Students are allotted 75 minutes to complete the timed exam, and a timer will be clearly displayed on the screen during the exam.  A score of 70% is required to pass the exam and achieve certification. Students may attempt the exam twice within one year from date of purchase. There is no additional fee for taking the exam. Should technical difficulties occur during the test, the proctor should call client services at 1-800-456-2340.

About Margaret L. Simmons

Margaret L. Simmons is President of Electronic Payments Advisory Services. Her 30+ years of experience in the area of electronic payments includes development of ACH software, management of Michigan’s ACH association, and 12 years in Treasury Management. Marge is a frequent speaker and author of several Sheshunoff publications. Consulting services offered by her company include training and ACH audits.See all works by Ms. Simmons