Keep Your Originators Trained
In the fast-paced ACH environment, we are seeing constant changes and it is the ODFI's responsibility to ensure Originators are properly trained to help ensure regulatory compliance and avoid risk to the Network.
WesPay offers the Originator Training Video Series. This series is comprised of six short videos which you can deliver to your Originators to help them better understand the ACH Network, how it works, authorization requirements, how to handle exceptions and better manage risk.
Video topics include:
- Introduction to ACH
- ACH Authorization Requirements
- ACH Exception Items
- Data Security Requirements and Account Takeover
- ACH WEB Origination
- ACH TEL Origination
- BONUS Remote Deposit Capture for Business
- BONUS Same Day ACH for Business
- BONUS Wire Transfers for Business
As a bonus, the package also includes three Business Training videos which can be delivered to staff and clients. You can make each of these training videos available to your Originators, helping you to comply with ACH Audit requirements which mandate "Verify that the ODFI has kept Originators and Third-Party Senders informed of their responsibilities under these Rules." (Reference Article Two, Section 2.1 of the ACH Rules).