ACH Direct's Free Webinar Series Continues with "Authorization Requirements"
(ALLEN, TX – March 29, 2011) The free webinar series presented by ACH Direct in conjunction with UMACHA about all things ACH continues with "Authorization Requirements." The second in a series of 8 webinars is scheduled for Tuesday, April 8, 2011 at 1pm CST.
In this session, participants will learn that authorizations can be verbal, written or similarly authenticated – in order for an ACH / eCheck transaction to be processed, one of these needs to be in place. This session will provide details on ACH / eCheck authorizations including answering the question, "Who is responsible for the authorization?"
"It is important for merchants to learn how to properly implement ACH / Electronic Checks within their business so as to realize the maximum possible benefit." said Jeff Thorness, President and CEO of ACH Direct. "We're happy to continue our partnership with UMACHA and offer this comprehensive series free to anyone interested in learning how to implement and best leverage the capabilities of the ACH Network."
Participants should register in advance for this and every webinar at www.achdirect.com. Each session will take place from 1:00 p.m. to 2:30 p.m. Central Time and will include time for questions and answers.
Additional series topics and dates are as follows:
May 17, 2011 – Exception Processing (Returns & NOCs)
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 21, 2011 – Unauthorized Entries and Stop Payments
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).
July 19, 2011 – e-Check Conversion Products
Requirements for Originators (Companies) for WEB (Internet Initiated Entries) and TEL (Telephone Initiated Entries) will be discussed in detail.
August 16, 2011 – WEB and TEL Entries
A paper check converted to an ACH transaction, specifically ARC, POP and BOC will be examined in this session.
September 13, 2011 - Check Basics / Check 21
This session will cover basic information on how a check travels; the participants in the check process; the regulations and an overview of Check 21.
October 18, 2011 – Remote Deposit Capture (RDC) Basics / Corporate Capture
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 a premier payment processor specializing in helping businesses reduce costs and improve operational efficiencies through the automation of payment acceptance and disbursement functions. ACH Direct features a comprehensive suite of payments products and services including credit card, debit card, and ACH / eCheck processing for virtually every payment method and sales channel. Additional information about ACH Direct can be found at www.achdirect.com.
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, information dissemination and consulting, with a particular emphasis on the ACH network.
For more information contact:
Contact: Jay Alsup