November 2015 Monthly Meeting
Date/Time
11/19/2015
11:00 AM - 1:00 PM Pacific
11:00 AM - 1:00 PM Pacific
Event Registration
Event Type(s)
Monthly Meeting
Event Description
What Does the New World of Same-Day ACH Look Like?
Location
Contact Person
Details
National Automated Clearing House Association (NACHA), The Electronic Payments Association® has approved Same-Day ACH, an amendment to the NACHA Operating Rules to move payments faster. The rule enables a ubiquitous same-day capability for virtually any ACH transaction types, creating options for businesses, governments and consumers who wish to utilize faster payments. Same-Day ACH will build upon existing, next-day ACH Network capabilities and establish a new option for same-day clearing and settlement via ACH. Under the rule, two new same-day settlement windows will be added to the ACH Network, increasing the movement of funds between financial institutions from once a day to three times per day. Some analysts predict that Same-Day ACH will be a game-changer in the world of payments, as one of the industry’s first steps toward modernizing the payments system.
What does this new rule mean for Treasurer, Controller, accounts payable, or other departments within your company? How can you take advantage of it? Under what circumstances would it make sense to do so? We invite you to learn more about Same-Day ACH with Jim Petkovits of WesPay.
Jim Petkovits, AAP, NCP
VP, Education
WesPay (Western Payments Alliance)
Jim is Vice President of Education for WesPay and has over eighteen years of payments experience. Jim is responsible for developing and providing education and training to WesPay members through in-person workshops, webinars and in-house training. Prior to joining WesPay, Jim was the ACH Education and Training Manager for the Northwest Clearing House Association (NWCHA) since 2001, and a Customer Service Manager for Bank of America’s ACH Regional Processing Center in Seattle. Jim holds both an Accredited ACH Professional (AAP) and National Check Professional (NCP) accreditations.
WesPay is a membership-based payments association focused on regulatory compliance, risk management and operational sound practices across various payments channels. They work with over 1,200 member organizations including financial institutions, third-party payment providers and other organizations supplying payments-related services.
WesPay, as a Direct Member of NACHA, is a specially recognized and licensed provider of ACH education, publications and support. Representing the interests of member institutions, WesPay is directly engaged in the NACHA rulemaking process and the Accredited ACH Professional (AAP) Program. Partnered with Electronic Check Clearing House Organization (ECCHO), WesPay is a designated Educational Partner for the National Check Professional (NCP) accreditation program.
What does this new rule mean for Treasurer, Controller, accounts payable, or other departments within your company? How can you take advantage of it? Under what circumstances would it make sense to do so? We invite you to learn more about Same-Day ACH with Jim Petkovits of WesPay.
Jim Petkovits, AAP, NCP
VP, Education
WesPay (Western Payments Alliance)
Jim is Vice President of Education for WesPay and has over eighteen years of payments experience. Jim is responsible for developing and providing education and training to WesPay members through in-person workshops, webinars and in-house training. Prior to joining WesPay, Jim was the ACH Education and Training Manager for the Northwest Clearing House Association (NWCHA) since 2001, and a Customer Service Manager for Bank of America’s ACH Regional Processing Center in Seattle. Jim holds both an Accredited ACH Professional (AAP) and National Check Professional (NCP) accreditations.
WesPay is a membership-based payments association focused on regulatory compliance, risk management and operational sound practices across various payments channels. They work with over 1,200 member organizations including financial institutions, third-party payment providers and other organizations supplying payments-related services.
WesPay, as a Direct Member of NACHA, is a specially recognized and licensed provider of ACH education, publications and support. Representing the interests of member institutions, WesPay is directly engaged in the NACHA rulemaking process and the Accredited ACH Professional (AAP) Program. Partnered with Electronic Check Clearing House Organization (ECCHO), WesPay is a designated Educational Partner for the National Check Professional (NCP) accreditation program.
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