Product Page - Business Bankers Bundle (Three Webinars + One Publication)
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$1,360.00 USD
Recording Date(s): 2024/2025
Cost in Education Club tokens: Ineligible
Speaker(s): UMACHA's Education Team
Description: This bundle is designed to equip business bankers with a strong foundation in ACH origination and risk management. The included webinars provide an introduction to the role of an ODFI, key considerations for structuring ACH Origination Agreements, and strategies for managing risk within the ACH Network. Additionally, a comprehensive publication outlines the risks associated with ACH origination, helping business bankers better understand their institution’s responsibilities and how to guide their commercial clients effectively. This bundle is an essential resource for bankers looking to deepen their knowledge of ACH processes and support their business customers with confidence.
This bundle includes the following webinars:
Additional Information:
Cost in Education Club tokens: Ineligible
Speaker(s): UMACHA's Education Team
Description: This bundle is designed to equip business bankers with a strong foundation in ACH origination and risk management. The included webinars provide an introduction to the role of an ODFI, key considerations for structuring ACH Origination Agreements, and strategies for managing risk within the ACH Network. Additionally, a comprehensive publication outlines the risks associated with ACH origination, helping business bankers better understand their institution’s responsibilities and how to guide their commercial clients effectively. This bundle is an essential resource for bankers looking to deepen their knowledge of ACH processes and support their business customers with confidence.
This bundle includes the following webinars:
- From A to Z: Basics of an ODFI - 90 min
- Join us as we delve into the fundamental responsibilities of an Originating Depository Financial Institution (ODFI). This session explores concepts that are relevant to all ODFIs, including warranties made when originating Entries into the ACH Network, Reversal and Notification of Change obligations, the ACH return flow, and direct reporting requirements with Nacha. This session also introduces the concept of Third-Parties, including both Third-Party Senders and Nested Third-Party Senders.
- Continuing Education Credits: 1.8 AAP/APRP CECs
- ACH Agreement Essentials - 60 min
- The Nacha Operating Rules require ACH Origination Agreements be in place between various participants, including ODFIs and Originators, ODFIs and Third-Party Senders, Third-Party Senders and Originators, Third-Party Senders and Nested Third-Party Senders, and ODFIs and Sending Points. However, the Rules require certain provisions be included in each unique type of agreement. Join us as we explore what the Rules require so you can make sure you are staying compliant.
- Continuing Education Credits: 1.2 AAP/APRP CECs
- Managing Risk in the ACH Network - 90 min
- Various types of risk exist within all payment systems, and the ACH Network is no exception. During this session, we will break down five primary types of risk: operational, fraud, credit, compliance, and systemic. In addition to these primary risks, ancillary risks may also exist. Whether you are an aspiring AAP or a payments professional, it’s important that you understand the concepts of risk—both primary and ancillary—as well as effective controls to help mitigate risk to an acceptable level.
- Note: This webinar is part of UMACHA's 2024 AAP Exam Prep Series.
- Continuing Education Credits: 0.6 AAP/APRP/NCP CECs
- Publication: ODFI Risk Management Guide
- This guide is designed to offer a clear and comprehensive understanding of the risks associated with the role of the Originating Depository Financial Institution (ODFI) in the ACH environment. It serves as a valuable resource for identifying, assessing, and mitigating ODFI-related risks, providing practical insights to help institutions navigate and manage these risks effectively.
- 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.