Description:

This course provides a comprehensive overview of ACH(NACHA/BACS) Direct Debit Digital Payments and PayPal, covering key concepts, best practices, and practical applications in the business world. Participants will gain a deep understanding of how these payment methods work, their benefits, and how to effectively utilize them for successful business transactions.

Here's a glimpse of what you'll master:

• Explore the Foundations: What is ACH (Automated Clearing House), NACHA, and the core benefits
• Decode the Roles of Key Players: Discover the participants like ODFI and RDFI and their pivotal roles
• Follow the Money: Understand the ACH transaction flow, SEC Code, and ACH Returns Stay Updated:
• Get insights into the New Updates for 2021, including Same-Day ACH
• Demystify PayPal ACH: Learn how PayPal ACH transactions work and their flow
• Unveil NACH in India: Explore the features, benefits, and the Mandate Management System
• ISO 20022 Messaging: Navigate through ISO 20022 messaging for direct debit transactions
• Master NACH Processes: Learn about NACH participants, mandate flow, file types, and more.
• Dive Deep into Direct Debits: Understand BACS direct debit in the UK and discover direct debit systems in 14 countries/regions
• Explore the Risks and Challenges in ACH and NACH

What you will learn:

• Gain insight into ACH(NACHA/BACS) payments
  Learn how ACH(NACHA/BACS) Direct Debit Payments streamline transactions and reduce processing costs.
• Implement best practices
  Explore industry best practices for digital payments and enhance the security and efficiency of transaction processes.
• Apply concepts in real-world scenarios.
  Put your knowledge to the test by applying ACH(NACHA/BACS) and PayPal methods in practical business situations.