Payments Institute Standard Program

Sunday, July 26

12:45 PM-2:15 PM

Essentials of the ACH Network Part I
AAP Prep School of Study | General Payments Systems School of Study

This course examines the requirements of the annual ACH audit for operational and risk assessment guidelines. This course provides students with necessary information and insights to effectively perform ACH and risk assessment audits and to monitor compliance with the Nacha Operating Rules and other regulations. Students will gain an understanding of the functions that need to be audited, where noncompliance may represent increased risk and how to assess potential liabilities.


Payments Revolution Part I: Technology
Payment Innovations & Technologies School of Study

The continuously evolving payment capabilities of smartphones, and the development of touchless devices such as Visa’s payment ring and Amazon Alexa, have demonstrated their consumer appeal. The P2P space is also giving rise to greater consumer purchasing power with companies like Facebook and Google, and products such as PayPal, Venmo, Square, Zelle®, RTP® and FedNow upping the payments ante. This introductory course explores the interconnectivity of the technology surrounding the payments revolution and provides insight into how your organization can adopt some of these capabilities to benefit both you and your customers.


Risk for All Payment Types
AAP Prep School of Study | APRP Prep School of Study

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


3:00 PM-4:15 PM

Essentials of the ACH Network Part II
AAP Prep School of Study | General Payments Systems School of Study

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


New! Risk Management Perspectives Beyond the Financial Institution
Payments Risk & Compliance School of Study

Businesses face varying levels of financial risk on a daily basis. In this course, four broad risk categories of market risk, credit risk, liquidity risk and operational risk will be explored from the perspective of businesses. There will be an emphasis on liquidity risk and operational risk touching on fraud risks, financial institution relationship management, vendor risks, internal procedural risks and funding risks.


New! Update on the Faster Payments Landscape
General Payments Systems School of Study

Same Day ACH, RTP®, Zelle®, FedNow and other faster payment options continue to expand, and many of us feel like we are on information overload. Making decisions on where to go with faster payments can be baffling, whether you are a financial institution or corporate practitioner. Instructors lay out the fundamentals of faster payments to provide level-setting information to apply through additional coursework later in the week.


4:30 PM-5:45 PM

Comparative Payment Systems
AAP Prep School of Study | APRP Prep School of Study | General Payments Systems School of Study

From trusted platforms such as ACH and wire, to emerging payment mechanisms including RTP® and the upcoming FedNow, there’s no need to get lost among the different payment systems. Instructors guide students 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.


New! New Nacha Rules Update
AAP Prep School of Study | General Payments Systems School of Study

2020 will bring a great number of enhancements to the Nacha Operating Rules. From increasing the Same Day ACH dollar limit to differentiating unauthorized return reasons using R10 and R11, as well as the ACH Contact Registry and meaningful modernization of the Rules, there is a lot to know. Students learn the effects of these changes on their organization's operations and the potential impact to ACH Network participants.


Payments Revolution Part II: Payment Experience
Payment Innovations & Technologies School of Study

Building upon the technologies discussed in Payments Revolution Part I, this course provides a deep look into the changing face of commerce, and how it directly correlates to evolving technology. With apps like Lyft automatically processing your fare with a card on file, and Starbucks allowing you to place an order and pay before arriving at the coffee shop, merchants are completely changing the consumer payment experience, especially for those offering reward programs. In a world where faster has become a way of life, these enhancements are winning consumers over in the user experience arena. Attend this class to understand how e-commerce and data contextualization have evolved, as well as how better in-person payment experiences are affecting consumer and business relationships.

Monday, July 27

8:30 AM-9:45 AM

New! Current Events in Payments Panel
Lecture Hall

This lecture hall features a panel providing insight into the most recent news in payments. Using suggestions from the audience, crowd sourcing and current events this session will explore the payments landscape and what might be on the horizon. This faculty panel represents all touchpoints in payments including innovators, regulators, end-users, financial institutions and processors will ensure a full view of the issues is presented.


10:00 AM-11:30 AM

New! Accreditation Meetup
AAP Prep School of Study | APRP Prep School of Study

This networking and education opportunity allows students to mingle and interact with each other to discuss payments accreditations and how to determine which is best for you and your organization. Meet with current AAPs, APRPs, NCPs and CTPs to learn the requirements for each and how becoming accredited could help move your career to the next level. This meetup provides students preparing for the AAP or APRP exams the opportunity to meet with instructors and review “can’t miss” TPI courses as part of their studies.


Concepts of Treasury Management
General Payments Systems School of Study

Treasury and cash management are central to corporate payments. Understanding the principles and tools of both is critical. Students delve into the reality of using treasury management services in today's environment, and learn about current trends and developments. Global treasury issues, fraud prevention, and the risks associated with some services are also addressed, as are the benefits of having a Certified Treasury Professional (CTP) on staff.


Putting FFIEC Guidance into Practice
APRP Prep School of Study| Payments Risk & Compliance School of Study

Instructors will help students understand the purpose and scope of the FFIEC and explore the importance of the various guidance and handbooks that exist today. This introduction includes the Retail Payments Handbook, e-banking, operations, information security, business continuity, wholesale payments and audit.


12:30 PM-2:00 PM

New! FedNow® Update
General Payments Systems School of Study

In August 2019, after assessing hundreds of comments from the industry, the Federal Reserve the Fed announced its decision to develop a new 24/7/365 RTGS service to support the payment transfer and settlement of faster payments in the U.S. Since this announcement, the Fed has continued its collaboration with industry stakeholders to finalize planned features of the FedNow Service. This course provides students a look at what’s next for the Fed’s real-time payments efforts and how your organization can prepare.


Payment Systems Regulations Part I
AAP Prep School of Study | APRP Prep School of Study | Payments Risk & Compliance School of Study

This class introduces students to the “alphabet soup” of laws and regulations that govern payments, with an emphasis on enforcement. Students are provided information about all relevant laws and regulations, and a basis for more in-depth examinations of Regulation E, UCC 3, 4 and 4A and the Green Book. In Part II of this course, students are able to apply knowledge to scenarios for pertinent regulations.


Understanding Third Party Relationships
Payments Risk & Compliance School of Study

What are third parties? Updates to the Nacha Operating Rules revised the definition and clarified the roles of Third-Party Senders. However, uncertainty may still exist around payment intermediaries and their various roles in the ACH Network. Instructors discuss what classifies a Third-Party Sender as such, including guiding students through different payment scenarios outlining who third parties are, what role they play, the risks that need to be considered and when the definition applies to these ACH participants.


3:45 PM-5:15 PM

Enterprise Risk Management
APRP Prep School of Study| Payments Risk & Compliance School of Study

The ability to understand, control and articulate risk levels in pursuit of business strategies and accountability for risks taken resonates with stakeholders when it comes to expressing confidence in an organization. This introductory level course exposes students to the basics of enterprise risk management (ERM) from a FI perspective. Topics covered include identifying, reporting and controlling risks, and the progress being made in the financial world when it comes to ERM.


New! Payments App Meetup
Payment Innovations & Technologies School of Study

This networking and education opportunity allows students to mingle and interact with each other to discuss payment apps they have encountered or offered to their customers. This meetup provides students with a live look at some of the most popular payment apps out there from a transactional perspective, the payment system being used, what’s happening “inside the app,” what to do if it goes to the wrong person and more.


New! Payment Systems Regulations Part II
AAP Prep School of Study | APRP Prep School of Study | Payments Risk & Compliance School of Study

Payment Systems Regulations Part I introduced the laws and regulations surrounding the payments industry. During this interactive course, students break into groups and are presented with scenarios allowing them to decide how they are supposed to proceed based on the applicable rules, regulations or laws and openly discuss what would happen if they do not proceed in the correct manner.

Tuesday, July 28

8:30 AM-9:45 AM

New! Nacha: The Strategic Direction & Future Vision
Lecture Hall

For more than 45 years, the ACH Network, with Nacha as its steward, has served as the backbone of electronic payments and of the payments industry. Through education, advocacy and collaboration, Nacha and its members have worked together to propel payments forward and to ensure the Network grows and adapts to the changing environment. Working with financial institutions, end users, processors, innovators and regulators allows Nacha to serve as the voice of the industry. In this course, Jane Larimer, Nacha's President and CEO, shares her vision for Nacha and how, along with the ACH Network, it will remain as vital to the payments world as it has always been.


10:00 AM-11:00 AM

Audit & Risk Assessments 101
AAP Prep School of Study | APRP Prep School of Study | Payments Risk & Compliance School of Study

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 audits and risk assessment audits and to monitor compliance with the Nacha Operating Rules and other regulations. Students gain an understanding of the functions that need to be audited, explore where noncompliance may represent increased risk and assess potential liabilities.

 


New! Demystifying Blockchain – Understanding Its Value
Payment Innovations & Technologies School of Study

Each year brings new developments in blockchain and distributed ledger technology and their various applications. The financial services industry continues moving from proofs of concept to live production. Which of the many use cases currently in development hold the greatest promise for payments and transaction banking service providers? What are the latest developments in regulatory oversight? Instructors and students explore these questions and discuss how FIs can map a way forward from the early adopter phase into mature application deployment of distributed ledger technology – even exploring digital currencies.


Wires: Functionality & Risk Study
APRP Prep School of Study | General Payments Systems School of Study

This course introduces students to the primary wire transfer systems in the U.S. – the Federal Reserve Bank’s Fedwire Funds Transfer System and The Clearing House Interbank Payment System (CHIPS). Topics discussed include the role wire systems play in high-value, urgent payments, and how these systems interplay with other Real-Time Gross Settlement (RTGS) systems and the SWIFT international financial messaging network. Students gain an understanding of the key attributes, capabilities, uses and developments in wire transfers, including the possible impact of faster payments mechanisms to this legacy system. Risk mitigation and detection methods are also reviewed.


11:15 AM-12:15 PM

Do you Really Understand the Nacha Operating Rules?
AAP Prep School of Study | General Payments Systems School of Study

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 violation? This interactive course looks at some processes that walk a fine line between compliant and noncompliant. Using examples submitted anonymously from students and from real-life audit findings, you’ll gain 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.


Survey of Card Products & Clearing
APRP Prep School of Study | General Payments Systems School of Study

A thorough examination of card networks helps students gain a comprehensive understanding of card-based payments and build a foundation for subsequent card-based concepts. Basic definitions and terms are discussed, as are card-based payment statistics and their impact on the payments industry. This course examines how business models are changing with regards to emerging risks and fraud, technology, and regulation. Instructors discuss how these impact business lines, relationships, decision-making and behavior.

New! Understanding the Potential of APIs
Payment Innovations & Technologies School of Study

APIs have proven their value across many industries for years now, allowing for a model of smart integration and seamless experiences. The pendulum for this model now swings towards banking, with services ranging from bank account management to fraud prevention via real-time payment validation. This course introduces APIs, how they might be used in the payments world and what Nacha and industry stakeholders are doing to advance their usage.


1:30 PM-3:00 PM

New! Meaningful Payments Modernization
General Payments Systems School of Study

The overarching purpose of the Meaningful Modernization initiative is to improve the ACH end user experience by reducing barriers to use it, providing flexibility, reducing administrative burdens, and facilitating the adoption of new technologies and channels for authorizing and initiating ACH payments. Instructors in this course provide students an update on the current thinking and perspectives on the benefits and impact of the various elements of this initiative.


New! Respective Roles Within FI & Fintech Partnerships
Payment Innovations & Technologies School of Study

More than a fleeting buzzword, fintech is redefining innovation in financial services with new approaches to R&D, collaboration, strategy, product design and delivery. With a customer-centric focus supported by analytics, fintechs are often good potential partners, especially for projects with goals that extend beyond what traditional banking is accustomed. But what happens after the vendor agreement is signed? This course explores the roles FIs and fintechs play after a partnership begins, and presents strategies for leveraging the best assets each organization has to achieve the ultimate success of a product or innovation, which is customer satisfaction


Strategies for Selecting & Onboarding Third Parties
APRP Prep School of Study| Payments Risk & Compliance School of Study

Third-party providers offer organizations many options to assist with day-to-day operations. Deciding to use a third party and determining which of an organization's processes could be assigned to a vendor are considerations that must be taken into account. This course examines the steps to be taken to select a third party and how to ensure the partnership works for everyone. Students leave this course with a detailed checklist of items to consider when vetting a third party.


3:15 PM-4:30 PM

New! Building Your Own Audit & Risk Assessment Adventure
AAP Prep School of Study | APRP Prep School of Study | Payments Risk & Compliance School of Study

In this interactive course, students are provided situations that may arise during an audit and are asked to respond to the auditor by explaining the remedy for the finding. In other hands-on activities, a sample audit checklist is distributed and students are asked to use the checklist to determine what information would be required to obtain positive audit results.


New! Fraud Meetup
APRP Prep School of Study | Payments Risk & Compliance School of Study

This networking and education opportunity allows students to mingle and interact with each other to discuss situations they have encountered related to fraud and fraud mitigation. Students are encouraged to send in suggested topics in advance of TPI.


New! What’s So Reasonable About Commercially Reasonable?
General Payments Systems School of Study

Usage of the term “commercially reasonable” traces beyond the Nacha Operating Rules. The phrase is used in the Uniform Commercial Code and has even been debated by the Supreme Court. Simply stated, commercially reasonable means “fair, done in good faith, and corresponding to commonly accepted commercial practices.” But what is considered fair by one organization might not be to others. This course reviews examples of how commercially reasonable is used within the Nacha Operating Rules, particularly with regard to the upcoming WEB verification requirements, as instructors and students discuss and debate their interpretation of commercially reasonable.

Wednesday, July 29

8:30 AM-9:15 AM

New! ACH Exception Handling & Error Resolution
AAP Prep School of Study | Payments Risk & Compliance School of Study

This course helps students understand and address key exception situations faced by financial institutions and their customers. Students discover what constitutes an exception and explore possible causes of and resolutions for common issues. Instructors also explore the Rules violation process and engage with students in discussion on how the ACH Contact Registry can be an effective tool in managing communication between FIs.


Business Continuity Planning: Are You Prepared?
APRP Prep School of Study| Payments Risk & Compliance School of Study

Over the last several years, the U.S. has seen hurricanes, fires, flooding and blizzards that have all changed the payments landscape in the way financial institutions, corporations and government entities react to crises. Learn what you should and must do to ensure that you are not the weakest link. With your organization’s reputation and business vitality at risk, having a plan in place is critical to your organization properly reacting to natural disasters and other emergencies.


Checks: Functionality & Risk Study
APRP Prep School of Study | General Payments Systems School of Study

Although the use of electronic payments is ascending, the use of checks – whether paper or image – still exists. This course explores different types of negotiable instruments and the products and systems that support them, such as remote deposit capture, e-checks, e-lockboxes and other mobile options, and corporate availability for those organizations to keep up with these advancements. Students gain an understanding of the key attributes, life cycles, capabilities, uses and developments in checks and images, including the possible impact of faster payments mechanisms to this legacy system. Risk mitigation and detection methods are also reviewed.


9:30 AM-11:15 AM

ACH File Formats
AAP Prep School of Study | General Payments Systems School of Study

ACH Origination begins with a properly formatted file. This course focuses on the intricacies of ACH Record Formats. Instructors take students on a comprehensive and detailed tour of the 94 characters that comprise an ACH entry. Students also review Addenda Records, 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.


BSA/AML, OFAC & Sanctions, Oh My!
APRP Prep School of Study| Payments Risk & Compliance School of Study

Instructors guide students through a journey about the laws and regulations related to consumer protection, and focus on anti-money laundering, the Bank Secrecy Act, OFAC compliance and how the industry is impacted by regulatory reach at both the state and federal levels. Special attention is paid to monitoring, reporting, investigations and reviewing incidents involving BSA, AML and/or OFAC.


New! SEC Code Meetup
AAP Prep School of Study | General Payments Systems School of Study

This networking and education opportunity invites students to mingle and interact with each other to discuss the correct usage of SEC Codes, particularly pertaining to WEB vs. TEL and PPD vs. WEB or TEL related to authorizations. Drawing on information learned from the 2020 Nacha Operating Rules course or the Payments Modernization course, this conversation promises a lively debate.


11:30 AM-12:30 PM

New! ACH File Formats Lab Work
AAP Prep School of Study | General Payments Systems School of Study

Understanding the intricacies of an ACH file format is just the first step in becoming proficient in the bits and bytes. This hands-on lab allows students to apply their knowledge in a series of scavenger hunts through the 94 characters.


New! ISO 20022 in Usage
General Payments Systems School of Study

To better enable transactional banking across all geographies, high-value, low-value and real-time payments systems from around the world are adopting ISO 20022, which has many uses, including leveraging the format to better enable emerging payment types. Students learn the capabilities of ISO 20022, hear about the efforts of industry stakeholders in the transformation of the standard, the value-add of data, opportunities provided by ISO data fields and data usage and how the new ISO standard for wire can impact their organization and clients.

 


New! Reversals & Rules Enforcement Case Studies
Payments Risk & Compliance School of Study

Within just a few short weeks in the fall of 2019, the ACH Network experienced three situations that stirred up discussions of reversals across the industry. In one situation, reversals were used that should not have been; in the second situation, reversals were not used, but should have been; and in the third situation, reversals saved the day. Instructors in this course examine each of the situations as students become members of the Rules Enforcement Panel to discuss what was done right, what could have been done better and how the decisions made by participants impacted others throughout the Network.


1:45 PM-3:00 PM

New! I’m a Product Manager…Now What?
General Payments Systems School of Study

Congratulations on becoming a product manager. Are you ready to be the CEO of your product? The role of a product manager varies at every organization and the responsibilities can be daunting. Instructors share experiences with product management and provide insights into gaining subject matter expertise and product knowledge, meeting internal operations requirements, understanding revenue expectations and other attributes for success.


New! Introduction to the Certified International Payments Professional Program
General Payments Systems School of Study

As more and more countries modernize their payment systems, processes and rules, the demand for more experienced payments professionals – with the necessary skills, knowledge and expertise – to develop and maintain these systems continues to grow, yet the current talent pool is small and regionally focused. Additionally, it is often difficult to assess an individual’s payments knowledge prior to hiring. To meet the growing talent demands in our industry, more people – with more expertise and a broader global perspective – are needed. Nacha, Payments Canada, the Dutch Payments Association, the Payments Association of South Africa and the Australian Payments Network have joined forces to develop CIPP, a payments professional certification program. In this course, students learn what will be covered in the certification program, how it was created, and why it will be vital to you, your organization and the global payments ecosystem.


New! Topics in Regulation: Regulation E, UCC 4A, and the Green Book
AAP Prep School of Study | Payments Risk & Compliance School of Study

Being fully versed in Regulation E, UCC 4A and The Green Book are critical to preparing for the AAP exam. This fastpaced course provides a 25-minute deep dive into each of these resources. Key takeaways include the purpose of Regulation E and the requirements related to ACH; an understanding of how the UCC relates to the Nacha Operating Rules, and the significance to financial institutions and their corporate clients; and how federal rules differ from the Nacha Operating Rules and the handling of government returns, DNEs and NOCs, and possible liability for government payments posted in error.