ACH Direct Launches ACH Education Program for Customers.ALLEN, Texas Allen is a city in Collin County and a northern suburb of Dallas, Texas (USA). As of the 2000 census, the city had a total population of 43,554. As of April 2007, the city's population is estimated at 77,465. -- ACH Direct, Inc., a leading technology provider of Automated Clearing House See ACH. (ACH), credit card and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. and risk management services, today announced that it is hosting a series of monthly educational teleseminars for their customers, designed to provide essential information about Automated Clearing House (ACH) electronic payments. The series begins on Tuesday, June 27, 2006. Called "Demystifying ACH," the educational series focuses on topics of interest to companies, such as important regulatory requirements. The content for each teleseminar is being developed and delivered by training professionals from SWACHA -- The Electronic Payments Resource who hold the prestigious Accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. ACH Professional (AAP AAP - Association of American Publishers ) designation. "Accepting payments electronically is not a luxury today, it's a necessity for maintaining market leadership, growth and profitability," said Jeff Thorness, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ACH Direct. "It's estimated that 28% of American households either choose not to have a credit card or cannot get one. Offering ACH and e-checks expands the potential customer base for merchants, making it a desirable addition to their payment options. The challenge that many of these merchants face, however, is understanding and navigating through the complex rules and regulations governing these types of transaction. Educational events, like the teleseminars delivered by SWACHA's training staff, offer our customers an opportunity to gain the understanding they need to comply with the rules," Thorness explained. Each teleseminar takes place from 1:00 p.m. CT to 2:30 p.m. CT, allowing time for participants to ask questions. The teleseminar schedule is as follows:
June 27 What Every Originator Needs to Know About Customer
Authorization
July 18 Authorization Requirements for WEB Transactions
August 22 Authorization Requirements for TEL Transactions
September 19 Exception Processing and Return Transactions
October 10 Audit Requirements for Originators
November 14 ACH Rules and Regulatory Compliance
"Now more than ever, it is critical to the integrity of the ACH Network that all participants comply with the rules and regulations. Education is vital to ensure that merchants stay informed and aware of their responsibilities," said Dennis Simmons, AAP, President and CEO of SWACHA -- The Electronic Payments Resource. "We are pleased to assist in the development of a curriculum specifically to help merchants master issues like authorization requirements and authentication of customers." Simmons added, "We applaud ACH Direct for taking this innovative action." Space is limited, so merchants interested in participating are encouraged to sign up at their earliest convenience at www.achdirect.com. About ACH Direct ACH Direct, Inc. is one of the fastest growing privately held electronic funds transfer See EFT. (application, communications) electronic funds transfer - (EFT, EFTS, - system) Transfer of money initiated through electronic terminal, automated teller machine, computer, telephone, or magnetic tape. processors in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , with over $5 billion in transactions processed in 2005. ACH Direct's customers benefit from a comprehensive suite of payments products and services, including ACH origination, check verification, identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or , credit card and debit card processing. Dedicated to providing superior customer service and industry-leading technology, ACH Direct provides tools to help organizations of all sizes reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , mitigate risk and increase efficiencies. Visit www.achdirect.com. About SWACHA SWACHA -- The Electronic Payments Resource is a non-profit association of approximately 1,000 members across the Southwest. SWACHA is the resource of choice for financial institutions and corporations in the areas of education, training and knowledge about electronic payments. SWACHA membership provides advantages such as superior quality training and unique industry resource materials, access to the toll-free Payments Answerline, Risk Management programs, and representation at the national level in the development of ACH policies and rules. Visit SWACHA at www.swacha.org. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion