Introduction to ACH Payments
ACH payments are becoming more and more popular as a means to pay for services online. For merchants they offer a potentially large decrease in the payment fees they must pay to process a credit card payment while for consumers it offers a different way to make payments when they may not have access to credit cards or available credit.
ACH payments do not work the same as credit card payments, and they expose merchants to new risks related to bad debt that most have no experience with managing. This training course is designed to provide you with a fundamental understanding of how these payments work, the additional risks that must be considered when accepting ACH payments, as well as the options available in the market for mitigating this risk.
Training compatible with all mobile devices (HTML5).
Key Concepts Covered:
After completing this course you should be able to answer and discuss the following questions:
(1) How does ACH processing work in the online channel? (2) How does ACH processing affect merchants in terms of the cost of accepting payments and risk? (3) What are the fundamental differences between ACH and other payment methods and how is ACH different for consumers and merchants? (4) What are the different types of risk associated with ACH transactions and what factors contribute to ACH risk?
Training Objectives: (1) Gain a basic underlying understanding on the role, function and responsibilities of all of the potential entities that can touch an ACH payment, including who represents whom. (2) Be able to define the stages of an online ACH purchase, detailing the physical money flow. (3) Gain an understanding on the financial liability of returns and NSFs as well as the impact it can have on a business’s bottom line. (4) Be able to describe the traditional manner in which merchants setup and use ACH merchant accounts, and how accepting online ACH payments affects their operations. (5) Be able to discuss the different types of risk associated with ACH transactions and discuss the factors that contribute to ACH fraud risk.
Expected time to complete training: 90 minutes (includes quizzes and exam)
Course Applicability:
Prerequisites: This is considered an Introductory level course and requires no previous knowledge or training on the subject matter.
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Enroll Now for $120 This training course is available online and can be started today.
Enrollment is easy and takes just a few minutes. You'll first need an account in our online training portal which can be created here. This free account can then be used to register for any of The Fraud Practice's online training courses or certification programs. With lessons available online 24x7, you are able to begin the Introduction to ACH Payments online training course immediately after enrolling.
Course Access: Unrestricted
Course Availability: Online, In-House and Webinar
Pricing & Online Enrollment: Take this course for only $120 by Enrolling Now.
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