This course begins with a look at the role of Nacha's Rules and Operations Committee, the journey from idea to implementation – including Request For Comment (RFC) and ballot processes – and how private sector rule-making is key to the ACH Network's success. Following the lecture, students are asked to brainstorm a rule they would like to see implemented and are asked to present a business case for that rule, including implementation impacts to ACH participants to include systemic and opportunity costs, and a recommendation for how long an implementation period would be needed were the rule to be passed.

This introductory-level course will lead students through the responsibilities, liabilities, risks, and operations of the Receiving Depository Financial Institution (RDFI) as defined in the Nacha Operating Rules. Faculty will address rules surrounding receipt, posting, and return of entries; responsibilities and obligations unique to RDFIs, and the significance of the role of the RDFI to the ACH Network.

This course delves into the rules governing the RTP Payments Rail. Students come away from this course with an understanding of the rules as defined by The Clearing House, and how the rules interact with other payments regulations including Regulation E.

Dive into the technological backbone of faster payments in this course! Students will explore critical tech components while learning how these elements work together to create a seamless faster payment experience. Discover the role of directories in connecting payment systems, security measures to protect data, and value-added services that enhance the functionality of faster payment rails. This course will equip students with the knowledge and skills needed to tackle faster payment implementation and elevate your organization's capabilities.

Do you follow the Nacha Operating Rules to the letter all the time? Does your organization have processes that, when compared to the Rules, might make sense for your organization, but could be considered a violation? This interactive course looks at some processes that walk a fine line between compliant and noncompliant. Using examples from real-life audit findings, you’ll discover why the Rules are written as they are, and how the application of the Rules may vary.

This course explores the nuances between risk management and fraud management within the payments industry. Participants will learn to differentiate between scams and authorized fraud, while examining the proactive versus reactive strategies needed to manage these risks. Faculty will discuss critical concepts such as risk appetite and tolerance, the importance of balancing friction with client experience, and applying critical thinking to develop effective risk management frameworks.

Do you really know your Reg E details? Regulation E is a Consumer Financial Protection Bureau (CFPB) regulation that outlines rules and procedures for electronic funds transfers (EFTs). This course will lessen the uncertainty for you by detailing when a dispute is subject to Regulation E and when a dispute is subject to private sector rules. Faculty engage students with case studies and real-life examples to bring some clarity to the process to ensure compliance with the regulation and satisfied consumers. Bring your stories and join in on the conversation.

This level-setting course reinforces students' knowledge of foundational risk management principles in the payments industry. The instructor discusses risk management across ACH, check, wire transfer, instant, and card payment channels, as well as disaster recovery and contingency planning. Students learn core components of enterprise risk, such as risk management life cycles, key terms, and risk mitigation business drivers.

This course provides an in-depth look at the obligations, risks, and roles of Receivers within the ACH Network. This course covers the warranties Receivers make when accepting ACH transactions, the liabilities they face, and how their actions impact the broader payment ecosystem. Faculty will also discuss the most significant fraud threats to bank account holders: fraud and scams that result in money being sent out of their accounts using credit payments. This course explores ways to identify current fraud threats that result in credit-push payments through the ACH Network and other payment rails, highlights significant challenges that credit-push fraud scenarios present, and identifies opportunities to improve fraud detection and prevention, and aid in the recovery of funds.

This introductory-level course will lead students through the responsibilities, liabilities, risks, and operations of the Receiving Depository Financial Institution (RDFI) as defined in the Nacha Operating Rules. Faculty will address rules surrounding receipt, posting, and return of entries; responsibilities and obligations unique to RDFIs, and the significance of the role of the RDFI to the ACH Network.