AAP Prep School of Study Courses

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Sunday, July 22

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.

Faculty: Brenda L. Eckert, AAP, Vice President, ACH Delivery Manager, Wells Fargo


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.

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


Monday, July 23

Audit & Risk Assesments 101
Payments Risk & Compliance School of Study, AAP Prep School of Study
10:00 AM-11:00 AM

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.

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


Payment Systems Regulations
AAP Prep School of Study, Payments Risk & Compliance School of Study
10:15 AM-11:30 AM

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: Richard M. Fraher, VP & Counsel to the RPO, Federal Reserve Bank of Atlanta


Who Wants to be an AAP? - Monday
AAP Prep School of Study
12:45 PM-1:30 PM

Still hungry to be an AAP? If so, be sure to grab your lunch and join your fellow aspiring AAPs for this interactive event. AAPs from the Board of Regents focus on exam preparation tips and provide a forum for AAP 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 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.

Faculty: Moderated by Board of Regents Members


Topics in Regulation: Regulation E
AAP Prep School of Study, Payments Risk & Compliance School of Study
1:30 PM-2:30 PM

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.

Faculty: Duncan Douglass, Partner, Alston & Bird LLP
               Cindy J. Thompson, AAP, CTP, Professional Services Manager, The Clearing House Payments Authority


NEW! ACH Audits: The Evolution of Appendix 8 & What's Next?
AAP Prep School of Study
3:00 PM-4:00 PM

The NACHA Operating Rules have continued to evolve throughout the years. However, participants often have misperceptions about audit requirements and what Appendix 8 really means. As ACH exists as part of an increasingly complex and interconnected payments ecosystem, industry dialogue has raised the question of what else should participants do to make the most out of this audit to keep themselves compliant? Attend this class to understand how to transform your ACH audit process to look beyond Appendix Eight into a risk-based audit that properly reviews all of the Rules.

Faculty: Sandy Ortins, AAP, Vice President, Education, NEACH


Tuesday, July 24

The Ins and Outs of Exception Processing
AAP Prep School of Study, Payments Risk & Compliance School of Study
11:30 AM-12:30 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.

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


Who Wants to be an AAP? - Tuesday
AAP Prep School of Study
1:00 PM-1:45 PM

Still hungry to be an AAP? If so, be sure to grab your lunch and join your fellow aspiring AAPs for this interactive event. AAPs from the Board of Regents focus on exam preparation tips and provide a forum for AAP 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 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.

Faculty: Moderated by Board of Regents Members


Topics in Regulation: UCC 4A
AAP Prep School of Study, Payments Risk & Compliance School of Study
3:00 PM-4:00 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.

Faculty: Paul A. Carrubba, Partner, Adams & Reese, LLP


Wednesday, July 25

Topics in Regulation: The Green Book
AAP Prep School of Study, Payments Risk & Compliance School of Study
10:15 AM-11:30 AM

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 non-receipt items. The instructors also review the handling of government returns, DNEs and NOCs, and possible liability for government payments posted in error.

Faculty: Joseph Casali, AAP, NCP, Senior Vice President, NEACH


Who Wants to be an AAP? - Wednesday
AAP Prep School of Study
12:45 PM-1:15 PM

Still hungry to be an AAP? If so, be sure to grab your lunch and join your fellow aspiring AAPs for this interactive event. AAPs from the Board of Regents focus on exam preparation tips and provide a forum for AAP 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 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.

Faculty: Moderated by Board of Regents Members


ACH File Formats
AAP Prep School of Study, General Payments School of Study
1:45 PM-2:45 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.

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