Payments University

2 Options for 2023:  

April 13-14, 2023 | 8:30 AM - 4:00 PM | In-Person

April 26-27 , 2023 | 8:30 AM - 4:00 PM | Virtual

Payments University is a cornerstone of UMACHA’s education! This two-day event is perfect for new employees as a boot camp to all types of payments together with your most experienced employees understand what obligations your institution has with regards to payments systems in our country. Designed with a basic and advanced track, participants will be able to learn about Faster Payments, Check, Wire, Risk, Emerging Technology and ACH with session topics including returns, regulations, formats and even new Rules coming into play.

Mark your calendar and make sure you have your staff attend one of these two-day events of educational gold.

Agenda Highlights*

* Agenda Content still under construction, changes may occur

Day One*:

Industry Update: Impact of the new Nacha Rules (General Session)

This general session will help you navigate all the changes that are taking place around the Payments Ecosystem. We will spotlight the upcoming 4 changes & proposed RFC changes to IAT (International ACH Transactions). Come, listen, and learn, to updated regarding payments industry changes related to rules, regulations, & requirements. 

Faster Payments Basics

Faster Payments are coming! We will discuss the basics of the current faster payments from The Clearing House, The Federal Reserve, and more. It is hard to keep up with all the changes, and what you should know to keep your Faster Payments strategy current. course is designed to help get you started laying the groundwork to understanding the Faster Payments landscape.

Case Studies: Faster Payments, Standing Authorizations, and Nested & Third-Party Senders

Case studies for the ’NEW‘ and courageous! Do you have Faster Payments exception? Are you implementing the newest authorization for payments called Standing Authorizations? How about Nested Third Parties, do you know if you have them? This session will acquaint with fun parts of rolling out innovative and new ways to process payments. Learn a little about something you that will surely pop up in your operations area in the upcoming months.

ACH Basics

This ACH basics course is designed to help get you started laying the groundwork and give you the building blocks to understand and utilize the ACH network. Join us as we look back into the history of the network, examine the legal framework of those who govern the rules and guidelines, explore, and define common terminology, and take an in-depth look at core ACH fundamentals.

Case Studies: Risk Advanced

We all encounter challenging situations related to payment transactions during our day-to-day operations. Join us for risk case studies that address the issues that your management, your department, and call centers deal with on a regular basis. In this interactive session, you will be given scenarios to work through regarding risk and managing that risk to an acceptable level. A cannot miss session for all experienced Risk Professionals!

Check Basics

Do you know the difference between an ECI and an Electronic Check? What about returns vs. adjustments? Or maybe you just want to know about the newest RDC indemnification rules impacting image and paper banks? Join us for a deeper discussion on these abnormal check issues that trip you up during normal day-to-day business!

Case Studies: CSI- Check Systems Investigations

This session looks at the more complex questions of check. What is eligible for image exchange? Returns and adjustments. Yes, please! We will talk about the timing requirement of a return; what adjustments are allowed by agreement; and the loss allocation between Bank of First Deposit and Paying Bank that is allowed under check law.

Day Two*:

What’s new? What’s not? Green Book and Government Payments explained (General Session)

Did you know that the Green Book’s been updated? Want to learn more about the new electronic reclamation FS-133 form? We have heard a lot about government payments in the last couple of months. This session will walk through important information regarding all there is to know about the Federal government’s ACH payments programs. Get your questions answered about the Green Book, SSI, SSA, VA, reclamations and more. After this session, you will be better prepared to traverse around the obstacles you may encounter when navigating the terrain of decedent accounts. Topics include government reclamations, misdirected payments, and other tales from the trenches.

FedNow, faster NOW! (General Session)

Have you heard about FedNow? We hope so, but in case you haven’t, join us for this information session. You’ll hear from the Federal Reserve Bank on their progress and delivery of this innovative and important delivery for faster payments. Learn about project and pilot updates, among other features and deliverables like toolkits and the FedNow Explorer available now. We’re excited about the progress, and you should be too!

Reg E Basics

What does Regulation E mean to you and your staff? This session will help you understand the requirements you have to fully protect your consumers under Regulation E. Hear details about disclosures, error resolution, liability, pre-authorized transactions, and receipts. Gain a better understanding of this very important regulation that outlines rules and procedures for EFT’s and guidelines for debit cards

Case Studies: Reg E and Warranty Claims

Do you really know your Reg E details? Regulation E is a Consumer Financial Protection Bureau (CFPB) regulation that outlines rules and procedures for electronic funds transfers (EFTs). This session will dig into compliance while also ensuring the protection of your customers from unauthorized EFTs. Go through our use cases related to Regulation E and Warranty Claims. Fun stuff!

Suspicious Activity Reporting: It takes a Village

One of the requirements of the Bank Secrecy Act is monitoring for suspicious activity; it is arguably one of the most difficult components. Everyone in your institution plays a role in reporting suspicious activity, so this session helps you determine what everyone’s role is in this process. This session also takes a deeper dive into what a suspicious activity report (SAR) is, what triggers a SAR, what activities may be considered suspicious, when a SAR should be filed, and what happens after a SAR is filed.