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ACH Network Fundamentals
Overview
Date
08:30 AM - 09:30 AM (1 hour)
Monday, July 13
Track
Accreditation Prep (AAP, APRP, AFPP)
General Knowledge
Payment Networks
Event
Payments Institute
This course introduces students to the ACH Network and ACH payments. The instructor reviews the Network's functionality to support payments and information, its key attributes, and funds flow for debit and credit entries. Students learn how Standard Entry Class (SEC) Codes determine the rules and requirements of a payment, consumer and corporate payments and non-payment entries and participant roles and responsibilities.