ACH Training Manual
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Sheshunoff®'s ACH Training Manual is an excellent resource to use in preparation for the AAP (Accredited ACH Professional) exam offered by NACHA in October. Now is the time to start preparing.
The manual provides everything you need to make sure all employees involved with processing ACH transactions perform their jobs efficiently and in compliance with appropriate rules and regulations. Employees will have a better understanding and appreciation of the risk-based focus regulators now expect.
• Eight courses cover all the key areas of ACH, including ACH Fundamentals, ACH Files, ODFI Operations, RDFI Operations, ACH Operators and Third-Party Service Providers, Risk Management, Regulatory Compliance, and ACH Rules Compliance Audit.
• Manageable course lessons have review quizzes to measure understanding and ensure that the information is absorbed.
• Cross references to the ACH Rules and federal regulations direct users to additional information on the topic.
• The Manager’s Handbook helps you document, track, and test each employee’s knowledge and understanding of the material.
The eBook versions of this title feature links to Lexis Advance for further legal research options.
Table of Contents
Course I: ACH Fundamentals
Lesson 1: ACH Participants
Lesson 2: ACH Rules
Course II: ACH Files
Lesson 1: ACH Transactions
Lesson 2: ACH Transaction Codes
Lesson 3: ACH File Formats
Lesson 4: Addenda Records
Course III: ODFI Operations
Lesson 1: Origination of ACH Entries
Lesson 2: ODFI Functions
Lesson 3: Special Handling by the ODFI
Course IV: RDFI Operations
Lesson 1: Receipt of ACH Entries
Lesson 2: Returning ACH Entries
Lesson 3: Extended Return Entries
Lesson 4: Contested Dishonored Return Entries
Lesson 5: Notifications of Change
Lesson 6: Written Statement of Unauthorized Debit
Course V: Other Participants
Lesson 1: ACH Operators
Lesson 2: Third-Party Service Providers
Course VI: Risk Management
Lesson 1: ACH Processing Risk
Lesson 2: Controlling Risk
Course VII: Regulatory Compliance
Lesson 1: Federal Government Participation
Lesson 2: Regulation CC & Regulation D Compliance
Lesson 3: Regulation E Compliance
Lesson 4: Uniform Commercial Code Article 4A
Lesson 5: OFAC Compliance
Course VIII: ACH Rules Compliance Audit
Lesson 1: General Audit Requirements
Lesson 2: Receiving Financial Institution Audit Requirements
Lesson 3: Originating Financial Institution Audit Requirements
Reference A: Glossary of ACH Terms
Reference B: Federal Reserve Banks Operating Circular No. 4 — Automated Clearing House Items
(Effective July 12, 2012)
Reference C: ACH Operators
Reference D: Resources