ACH Direct, UMACHA offer free webinar series
Allen, Texas, March 10, 2010 -- The second in a series of 8 free webinars on automated clearing house (ACH) topics, hosted by ACH Direct and presented by Upper Midwest ACH Association (UMACHA), is scheduled for Wednesday, April 21 on “Unauthorized Entries and Stop Payments.”
ACH Direct is proud to partner with UMACHA for the fourth year in providing a series of free webinars to educate participants on the many facets of ACH. This session discusses the details on why and when an entry is returned as unauthorized (consumer and corporate entries) and what your role and obligations are as an Originator (Company). The webinar also discusses what Stop Payments are and what you should do when you receive an item returned as Stop Payment from a customer. The webinar series, produced and presented by the UMACHA, is designed to provide a basic to intermediate education on ACH to merchant participants with a concentration on certain specific aspects of ACH targeting merchant’s needs.
“UMACHA is very excited to partner with ACH Direct to bring quality, basic ACH education to the masses, virtually. This partnership with ACH Direct has enabled UMACHA to reach out to the Originators, which is traditionally a more difficult segment of the ACH Network to reach” said Fred Laing, President of UMACHA.
Participants must register in advance at www.achdirect.com . All webinars will take place from 1- 2:30 p.m. Central Standard Time, and include time for questions and answers. Registered participants will dial into a conference line for audio and log into an online session to view these presentations.
The series will continue with the following webinar topics:
May 11, 2009 – Exception Processing (Returns & NOCs) - ACH returns can happen – what are some reasons why and the timeframe for an ACH entry to be returned. Included will be details on a Notification of Change (NOC) outlining your responsibilities as an Originator (Company) and timeframes for compliance with the ACH Rules.
June 15, 2009 – Authorization Requirements - Authorizations can be verbal, written or similarly authenticated, or by notice – but there needs to be one in place for an ACH entry to be initiated. This session will provide details on ACH authorizations including, “Who is responsible for the authorization?”
July 13, 2009 – WEB and TEL Entries - Requirements for Originators (Companies) for WEB (Internet Initiated Entries) and TEL (Telephone Initiated Entries) will be discussed in detail. Authorization and Authentication details for each application will be included.
August 10, 2009 – e-Check Conversion Products - A paper check converted to an ACH transaction, specifically ARC, POP and BOC will be examined in this session. As a company (Originator) you need to be aware of the authorization requirements, source documents and retention of the authorization. Represented Check (RCK) entry requirements for you as the Originator will be included.
September 14, 2009 - Check Basics / Check 21 - Have you ever wondered what the purpose is for the numbers on the bottom of a check? Attend this session to learn basic information on how a check travels; the participants in the check process; the regulations and an overview of Check 21.
October 19, 2009 – Remote Deposit Capture (RDC) Basics / Corporate Capture - Are you currently utilizing an RDC service or are you looking for a more efficient way to process your checks? What are the responsibilities and risks associated with RDC? Join us to hear the corporate benefits of using RDC; company warranties; how to avoid duplicate processing; secure storage and destruction of the paper check will be discussed.
About ACH Direct, Inc.
ACH Direct is one of the largest and most innovative processors in the United States, offering a comprehensive suite of payment processing and risk management solutions for credit card, debit card and E-check (ACH) acceptance. ACH Direct’s customers benefit from a complete solution for payment acceptance via the Internet, over the phone, by mail or in person. Dedicated to providing superior customer service and industry-leading technology, ACH Direct provides tools to help organizations of all types and sizes reduce cost, mitigate risk and increase efficiencies. Additional information about ACH Direct can be found at www.achdirect.com .
About UMACHA
Financial institutions and corporate members across the Midwest choose UMACHA as a key resource to enhance their understanding of electronic payments. Its mission is to support its members and other stakeholders in payment system participation through education and training, marketing and operational support, and information disseminating and consulting, with a particular emphasis on the ACH network.
Source: Company press release.