"Dedicated to providing members with expertise and assistance to ensure their growing, competitive and secure participation in payment systems."
NWCHA Seminars - Webcasts
Beginner Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Is your Frontline staff prepared with the knowledge they need to answer your customer’s ACH questions? Don’t miss this opportunity to educate the most vital people in your branch, the ones who represent your organization to your customers! We'll provide an overview of the ACH network, including defining the participants and explaining the transaction flow. We'll explain consumer’s rights and how their transactions differ from corporate & government transactions, and conclude with an examination of all the electronic check applications.
Running time approx. 90 minutes
Beginner Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
To those new to the ACH process, and even for "ACH veterans," the contents of the ACH Operating Rules Book can be intimidating. This session is designed to familiarize the viewer with the organization and structure of the book, explaining the various sections and contents of both the Operating Rules and Guidelines. Also addressed are the many additional resources contained within this annual publication. This session is especially helpful for anyone new to the ACH process, and can serve as a valuable "refresher" for seasoned ACH professionals.
Running time approx. 50 minutes
Beginner Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Become familiar with the different check products that are being converted to ACH debits. Learn about the latest issues relating to electronic checks including the conversion of business checks at the Point of Purchase and A/R Truncation. Understand the differences in check regulations versus ACH regulations. Understand how TEL and WEB fit into the e-Check environment.
Although we have become more comfortable with Re-presented Checks (RCK) through the ACH system, we are now seeing other ways that checks are being “electronified.” Our webcast will look at Point of Purchase, which will include a discussion of its uses and misuses, and Lockbox Conversion (ARC), where the ACH system is also being used to eliminate checks or the need for check processing. We will describe specific requirements related to processes for WEB & TEL transactions.
What are the RDFI’s rights and responsibilities when the Originator processes both the ACH debit AND the converted check? Is there recourse back to the ODFI and Originator? Come and learn how to respond!
Running time approx. 80 minutes
Beginner Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Federal government ACH payments are subject to the same rules as private industry ACH payments, but with exceptions. The Federal Government’s rules are found in the Code of Federal Regulations (31CFR 210), known as the “Green Book”, although it’s not green, and it’s no longer a book! Knowing these exceptions and how they affect correct processing in such areas as reclamations, enrollments, and return entries has an impact in both the efficiency of a financial institution’s ACH operations and in preventing unnecessary losses.
This webcast consists of the fundamentals of processing Federal Government ACH payments such as automated (ENR), paper and paperless enrollments, notifications of change (NOC), death notification entries (DNE), and return items, and will include: Who is liable when a payment is posted to an incorrect account, when does the name of the payee not need to appear on the title of the account, what to do when payments are returned in error, & what constitutes "commercially reasonable business practices"?
THINGS YOU WILL LEARN:
The 3 types of government enrollments
- What is constructive knowledge of death
- What are the posting rules for Federal Government payments?
- How to limit your liability for payments made after date of death
- How to correctly respond to a reclamation
Running time approx. 75 minutes
Beginner Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
This webcast provides an overview examination of ACH Origination processes. It is designed to appeal to a broad section of WesPay membership, from smaller Financial Institutions not currently originating to larger financial institutions with significant origination business.
We will provide participants with a broad understanding of the ACH Origination business, with a focus on corporate Originator support. Topics covered will include critical considerations for creating effective ACH Origination policies, agreements and risk management safeguards (including establishment of exposure limits for each origination application), analyzing ACH Origination processing alternatives, and establishing effective and secure procedures for day-to-day operations and customer service.
Running time approx. 80 minutes
Beginner Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
This webcast focuses on the responsibilities and warranties of each ACH participant, with an emphasis on the ACH Operating Rules, Federal Regulations, UCC4A, OFAC and Exception Processes. Procedures for handling Federal Government ACH payments, NACHA’s Rules Enforcement procedure, as well as the fundamental types of risk associated with processing ACH transactions are also discussed.
Running time approx. 75 minutes
Beginner Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
With more than 18 billion transactions processed annually, the ACH provides complete, accurate and speedy processing in an automated environment. However, when an ACH payment is unable to be processed, the result is an “exception item”, & if not appropriately handled, the institution could experience a financial loss. Register for this webcast and find out both the most effective ways to handle exceptions and how to effectively minimize the risk of loss.
3 Things you’ll learn from this webcast:
- The difference between “unauthorized entries”, “authorization revoked entries” and “stop payments”
- How to handle NOCs (Notification of Change) and what your liability may be
- Special return codes for echeck applications
Running time approx. 85 minutes
Intermediate Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
This session provides an overview of ACH risk for ODFIs. Topics to be covered will include risk management safeguards (including establishment of exposure limits for each origination application), analyzing ACH Origination processing alternatives, and establishing effective and secure procedures for day-to-day operations and customer service. It will also go into detail in regards to the specific warranties of the ODFI. Financial institutions of all sizes need to be aware of ACH risk factors. Each financial institution needs to manage their risk to minimize potential losses.
Running time approx. 75 minutes
Intermediate Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Do your Cash or Product Management personnel know all they need to know about the ACH services they are selling? Are they aware of the rule changes affecting corporate originators? With the selling of ACH services and the many types of applications comes the challenge of being able to educate your originators. Arm your Cash Management staff with the proper knowledge of the ACH to both protect your institution, while giving them more products and services to offer clients.
Running time approx. 90 minutes
Intermediate Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Financial institutions of all sizes need to be aware of ACH risk factors. Each financial institution needs to manage their risk to minimize potential losses. Rapid growth, change, and new and evolving participant responsibilities are prevalent ACH trends representing increased risk. In addition, ACH volume growth has been primarily fueled by higher-risk consumer debit applications. Accordingly, regulatory agencies have called for risk management enhancements, with plans to target ACH compliance, risk management policies, and procedures in future financial institution examination reviews. Is your financial institution prepared to demonstrate enhanced risk management for ACH Network activities? This session will cover the risks associated with processing transactions from the RDFI side as well as how to mitigate these risks.
Running time approx. 75 minutes
Intermedite Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Electronic payments continue to thrive and as a result, more legal issues have arisen. We are all working on better ways to manage risk but how are we communicating that to our origination customers? If you don’t put your expectations in writing, they won’t hold up in a court of law. You must take the necessary steps to cover yourself from liability. Register for this webcast and find out how to keep abreast of changes in electronic payment law and apply best practices with your customers.
Running time approx. 60 minutes
Intermediate Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Changes in the ACH process continue at a rapid pace. It is critical that your institution keep pace with processing and regulatory requirements in order to ensure rules compliance and reduce operating risk. This webcast will cover recent ACH Rules amendments. We’ll make sure you are ready by taking an in-depth look at amendments that became effective in late 2007, as well as those changes implementing throughout 2008 and beyond. Among the changes are a complete revamping of the formats and requirements for processing “Cross Border” ACH transactions, and a significant change to the National Systems of Fines process to enhance rules compliance for entities originating “Unauthorized” transactions.
We consider the ACH Rules Implementation webcast to be one of the most important EOD offerings of the year. This webcast will lay the groundwork for compliance through 2008 and beyond. A “basic” level of ACH knowledge is required, and completion of WesPay’s Basics of ACH Receiving Workshop is recommended.
Running time approx. 75 minutes
Intermediate Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
This seminar examines in detail the processes and options to enforce the NACHA Operating Rules. The background of the rules enforcement process, the modifications to the classification of rules violations, and the substantial increases in fine amounts are covered. ODFIs suspected of receiving an unacceptable level of "unauthorized" return entries are now required to provide specific information to NACHA, upon request. These requirements, and the on-going monitoring of such suspect Originators, are discussed. Current rules enforcement procedures, as well as an examination of NACHA arbitration procedures as an alternative to the rules violation process, are examined.
Running time approx. 55 minutes
Intermediate Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Are you confused over your obligations to adjust consumer “unauthorized” entries, depending on whether you are operating under NACHA rule provisions or Regulation E? Both detail procedures for resolving situations involving “unauthorized” consumer transactions, but the procedures, time frames, and financial institution obligations are significantly different. Proper procedures for handling account inquiries under both the NACHA adjustment rules and Regulation E Error Resolution Procedures will be thoroughly discussed, with an emphasis on how the account holding institution can limit its liability for loss and still provide excellent customer service. A basic understanding of ACH processes is suggested.
Running time approx. 65 minutes
Advanced Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
Developing a structured, fully-integrated ACH risk management strategy is critical for ACH network participants. This session will fully examine the risk reduction suggestions outlined in the Office of Comptroller of the Currency's bulletin 2006-039: Automated Clearing House Activities, Risk Management Guidance. Topics include: risk management systems and controls, reporting to board of directors, audit considerations, high risk activities, elements of a risk strategy, and much more. Also examined is NACHA's Risk Management Strategy, which incorporates many elements of the OCC guidance into its suggested "best practices" in ACH risk management.
Running time approx. 70 minutes
Advanced Seminar
Cost:
Members: $95 (single viewing) $195 (5 viewings)
Non-Member: $195 (single viewing) $395 (5 viewings)
The devil is in the details. This webcast focuses on the intricacies of the ACH Record Formats. We will take you on a comprehensive and detailed review of the field purposes & constructs with discussion of the specific field values, commonly experienced problems, and tips for optimizing ACH Network participation with a command of the bits and bytes of ACH.
Running time approx. 80 minutes