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AAP Summer Series #01: Comparing the ACH Network to Other Payment Systems
$450.00 USD

Recording Date(s): June 25, 2024

Cost in Education Club tokens: 3 tokens

Speaker(s): UMACHA’s Education Team

Length: 90 minutes

Description: This webinar is part of UMACHA's 2024 AAP Exam Prep Series. This session focuses on comparisons between the ACH Network and other payment systems. Specifically, it explores the fundamentals of check processing, Fedwire Funds, card payments, and instant payments (including both the RTP Network and the FedNow Service). It includes discussions about the primary participants of each payment system and how transactions flow. The discussion on check processing takes a deeper dive and includes an examination of Presentment Warranties and how liability is assigned in certain fraud-related scenarios. This session concludes with collaborative group practice questions regarding the concepts discussed.

Continuing Education Credits: 1.8 AAP/APRP CECs


Additional Information:
  • ​Upon completion of the purchase, the purchaser will be immediately prompted to download a PDF or zip file.  Each PDF will contain a link to view the purchased webinar(s).  Access to the recorded webinar(s) is limited to 60 days following the purchase.
  • UMACHA is required to collect Sales & Use tax, in addition to Municipal tax (city tax), on the services that are provided in the state of South Dakota, and recorded webinars in the state of Minnesota.





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Tags: Accreditation - AAP, ACH, Card, Check, Instant Payments, ODFI, RDFI, Wire