Product Page - AAP Open Forums (Five-Part Webinar Series)
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$800.00 USD
Recording Date(s): Summer 2024
Cost in Education Club tokens: 5 tokens
Speaker(s): UMACHA's Education Team
Length: 90 minutes each (7.5 hours total)
Description: These sessions are part of a series of Open Forum webinars included in our AAP Exam Prep Series. As such, the sessions may include references to candidates studying for the AAP exam, study tips for the AAP exam, and a series of questions and answers with exam candidates.
Includes the following webinars & documents:
Additional Information:
Cost in Education Club tokens: 5 tokens
Speaker(s): UMACHA's Education Team
Length: 90 minutes each (7.5 hours total)
Description: These sessions are part of a series of Open Forum webinars included in our AAP Exam Prep Series. As such, the sessions may include references to candidates studying for the AAP exam, study tips for the AAP exam, and a series of questions and answers with exam candidates.
Includes the following webinars & documents:
- #1 - Breaking Down the Structure of the Nacha Operating Rules & Guidelines
- Description: Have you ever struggled to know where to look in the Nacha Operating Rules & Guidelines to find more information about a topic you’re trying to research? During this session, we break down the structure of the rulebook to help illustrate how the Operating Rules are laid out, how the Guidelines are laid out, and which topics are covered in which areas. The session also includes a group activity to test your knowledge about where you would look to learn more about different concepts.
- Description: We often hear discussions about revisions to the Nacha Operating Rules, but do you understand the process of how rulemaking works in the ACH Network? During this session, we discuss how new Nacha Operating Rules are developed. We also explore 11 of the 15 revisions to the Nacha Operating Rules approved by Nacha’s voting membership on March 15, 2024 (excluding newly approved rules becoming effective in 2026). The session also includes a group activity to test your knowledge about concepts related to the AAP Exam.
- Description: The Nacha Operating Rules contain 70 different return reason codes and 19 different Notification of Change (including Refused Notification of Change) codes. With so many different codes, it can be challenging to remember which code is best to use in each situation. During this session, we break down many of the most used return reason and Notification of Change codes, including discussion about their applicable time frames. This session includes a group activity to test your knowledge about which return reason code is most appropriate in given situations.
- #4 - ACH by the Numbers
- Description: What do 24 hours, two Banking Days, three Banking Days, and seven years all have in common? They are all time frames that apply to various aspects of ACH processing, and that’s exactly what we dive into during this session – a review of the various time frames that apply to things like record retention, stop payment requirements, processing return Entries, reducing return rate thresholds, and much more!
- Description: If you have never utilized Nacha’s System of Fines to submit a Report of Possible ACH Rules Violation, it might seem intimidating to know whether you should submit a report, what types of reports should be submitted, and whether submitting a report will resolve the problem you’re facing. During this session, we talk through real-life case studies that have been processed through Nacha’s System of Fines, and we wrap the case study review up with a look at an actual arbitration case and what the outcome was.
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.