AAP Prep School of Study Courses

Sunday, July 21

Essentials of the ACH Network Part I

AAP Prep School of Study | General Payments School of Study
1:45 PM-3:45 PM

This course examines the requirements of the annual ACH audit, including both the operational and risk assessment guidelines. It also provides students with necessary information and insights to effectively perform both the ACH and risk assessment audits and to monitor compliance with the NACHA Operating Rules and other regulations. Gain an understanding of the functions that need to be audited, explore where noncompliance may represent increased risk, and assess potential liabilities.

Gai Craig, AAP, CTP
Executive Vice President, Association Services, PaymentsFirst Inc.


Risk for All Payment Types

APRP Prep School of Study | AAP Prep School of Study | Payments Risk & Compliance School of Study
1:45 PM-3:45 PM

This course introduces students to foundational risk management principles in the payments industry. The instructor discusses risk management across ACH, check, wire transfer, 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.

Faculty to be announced


Comparative Payment Systems

General Payments School of Study | AAP Prep School of Study | APRP Prep School of Study
1:45 PM-3:45 PM

There is no need to get lost among the different payment systems. Faculty guide you through these systems in an interactive discussion that provides a greater understanding of the comparative benefits and uses of these payment methods. Students also gain a working knowledge of the governing rules, laws and regulation, and much more.​

Sandy Hounsome, AAP, APRP, NCP
Vice President, Education, NEACH


Essentials of the ACH Network Part II

AAP Prep School of Study | General Payments School of Study
4:00 PM-5:30 PM

Students gain a deeper understanding of complex concepts and nuances in the NACHA Operating Rules that relate to payment origination and receipt, risk management, rules, compliance, enforcement and exception processing. Faculty explores operational, legal and business aspects of the Rules, and offers insights into best practices, paying special attention to warranties, liabilities and responsibilities surrounding ACH participation. Students also learn to draw distinctions between commercial and consumer considerations, explore ODFI and RDFI perspectives, and discuss the use of third parties.

Gai Craig, AAP, CTP
Executive Vice President, Association Services, PaymentsFirst Inc.


Monday, July 22

Standard Entry Class Codes 101

AAP Prep School of Study | General Payments School of Study
10:00 AM-11:30 AM

Standard Entry Class (SEC) Codes are not one size fits all when it comes to the NACHA Operating Rules that govern them. There are different requirements for SEC Codes regarding the specifics of the validity of each code, time frames, authorization requirements, and liabilities. Improper coding can result in a major headache for your organization. This interactive class provides an overview of SEC Codes to help you prepare to take the AAP exam, and help your organization avoid compliance issues in a fast-paced setting.

Jennifer Kirk, AAP
Vice President, Education, EPCOR


Who Wants to be Accredited? - Monday

AAP Prep School of Study | APRP Prep School of Study
11:45 AM-12:15 PM

Hungry to be an accredited? If so, be sure to grab your lunch and join your fellow aspiring AAPs and APRPs for this interactive event. Board of Regents members focus on exam preparation tips and provide a forum for AAP and APRP candidates to ask questions about subject matter covered in the courses they attended each day. Students who have registered for or are considering sitting for the AAP or APRP exam are encouraged to attend. These daily classes vary in content, so you don’t want to miss either one. Seating is limited to the first 45 students.

TPI Board of Regents Members


Payment Systems Regulations

AAP Prep School of Study | Payments Risk & Compliance School of Study
12:45 PM-2:45 PM

This class introduces students to the so-called “alphabet soup” of laws and regulations that govern payments. The purpose and scope of applicable laws and regulations are explored, as well as how they are administered and enforced. The course also examines how they intersect with private-sector operating rules. Students leave this course with reference tools important for any subsequent courses.

Faculty to be announced


The Ins and Outs of Exception Processing

AAP Prep School of Study | Payments Risk & Compliance School of Study
3:15 PM-4:45 PM

This course helps students understand and address key exception situations for ACH, checks, wire and card transactions faced by financial institutions and their customers. Students discover what constitutes an exception and explore possible causes of and resolutions to common issues.

Michele Barlow, AAP, NCP
Vice President, WACHA - The Premier Payments Resource


Tuesday, July 23

Topics in Regulation: Regulation E

AAP Prep School of Study | Payments Risk & Compliance School of Study
9:45 AM-11:00 AM

Faculty provide a look into The Electronic Funds Transfer Act and Regulation E. Students learn the purpose of the regulation, requirements related to ACH, ATMs and disclosures, as well as review the Regulation, the official Staff Commentary and the Act itself.

Michele Barlow, AAP, NCP
Vice President, WACHA - The Premier Payments Resource

Duncan Douglas
Partner, Alston & Bird LLP


Who Wants to be Accredited? - Tuesday

APRP Prep School of Study
12:45 PM-1:15 PM

Still hungry to be an accredited? If so, be sure to grab your lunch and join your fellow aspiring AAPs and APRPs for this interactive event. Board of Regents members focus on exam preparation tips and provide a forum for AAP and APRP candidates to ask questions about subject matter covered in the courses they attended each day. Students who have registered for or are considering sitting for the AAP or APRP exam are encouraged to attend. These daily classes vary in content, so you don’t want to miss either one. Seating is limited to the first 45 students.

TPI Board of Regents Members


Topics in Regulation: UCC 4A

AAP Prep School of Study | Payments Risk & Compliance School of Study
1:30 PM-3:00 PM

Article 4A of the Uniform Commercial Code requires compliance from financial institutions and corporations, and their business models could be challenged by noncompliance with the obligations defined under the Code. Students gain an overview of the Article, an understanding of how the UCC relates to the NACHA Operating Rules, and the significance to financial institutions and their corporate clients.

Paul A. Carrubba
Of Counsel, Adams & Reese, LLP


Topics in Regulation: The Green Book

AAP Prep School of Study | Payments Risk & Compliance School of Study
3:15 PM-4:30 PM

Government payment rules differ from the NACHA Operating Rules in ways that could affect a financial institution’s liability. This course helps students learn how to limit their institution’s liability by providing broad insight into such differences. Topics include the federal government’s mandate of Direct Deposit via ACH for all benefit payments; how federal rules differ from the NACHA Operating Rules; how to enroll an account holder to receive government payments; and how to handle government reclamations and reports of nonreceipt items. The instructors also review the handling of government returns, DNEs and NOCs, and possible liability for government payments posted in error.

Sandy Hounsome, AAP, APRP, NCP
Vice President, Education, NEACH


Wednesday, July 24

Do you Really Understand the NACHA Operating Rules?

AAP Prep School of Study | General Payments School of Study
10:00 AM-11:30 AM

Do you follow the NACHA Operating Rules to the letter all the time? Does your organization have processes in place that, when compared to the Rules, might make sense for your organization but could be considered a rules violation? This interactive course looks at some processes that walk a fine line between compliant and noncompliant. Using examples submitted anonymously from other students and from real-life audit findings, students come away with an understanding of why the Rules are written as they are and how the application of the Rules may vary. Students interested in attending this class will have the opportunity to submit questions prior to TPI.

Joseph Casali, AAP, NCP
Senior Vice President, NEACH


Who Wants to be Accredited? - Wednesday

AAP Prep School of Study | 11:45 AM-12:15 PM

Hungry to be an accredited? If so, be sure to grab your lunch and join your fellow aspiring AAPs and APRPs for this interactive event.Board of Regents members focus on exam preparation tips and provide a forum for AAP and APRP candidates to ask questions about subject matter covered in the courses they attended each day. Students who have registered for or are considering sitting for the AAP or APRP exam are encouraged to attend. These daily classes vary in content, so you don’t want to miss either one. Seating is limited to the first 45 students.

TPI Board of Regents Members


ACH File Formats

AAP Prep School of Study | General Payments School of Study
12:15 PM-1:45 PM

ACH Origination begins with a properly formatted file. This course focuses on the intricacies of ACH Record Formats. Faculty takes students on a comprehensive and detailed tour of the 94 characters that comprise an ACH entry. Students also review Addenda Records and proper formatting, and examine field purposes, specific field values, and commonly experienced problems. The instructor provides tips for optimizing ACH Network participation with a command of the bits and bytes of ACH.

Joseph Casali, AAP, NCP
Senior Vice President, NEACH


Audit & Risk Assessments 101

AAP Prep School of Study | APRP Prep School of Study | Payments Risk & Compliance School of Study
2:00 PM-3:15 PM

This course examines the requirements of the annual ACH audit, including both the operational and risk assessment guidelines. It also provides students with necessary information and insights to effectively perform both the ACH and risk assessment audits and to monitor compliance with the NACHA Operating Rules and other regulations. Gain an understanding of the functions that need to be audited, explore where noncompliance may represent increased risk, and assess potential liabilities.

Mary M. Gilmeister, AAP, NCP
President, WACHA - The Premier Payments Resource


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