Recurring Digital Payment Ach (Nacha/Direct Debit) Fintech

Business oriented course - ACH(NACHA/BACS) Direct Debit Digital Payments, PayPal

What you'll learn

What is ACH and NACHA

Transaction flow of ACH and NACH.

No Technical Integration, Programming and Bank Account entries are discussed in the course

Business Oriented course for Non-technical Product Managers and Professionals

List of Direct Debit Systems for 14 countries and regions

Aadhar Payment Bridge System (APBS)

Features and Benefits of ACH and NACH

Brief on BACS

Requirements

Basic understanding of digital finance

To learn and reflect on the discussed points

Description

Enhance Your Payment Expertise: Explore Direct Debits and PaymentsDiscover the reliable and cost-effective methods of Direct Debit and Direct Payment, widely used for recurring transactions like utility bills, loan EMIs, salaries, and social benefits. These automatic payment systems have been embraced globally across all age groups.In this business-focused course, we'll guide you through the fascinating world of payment systems. You'll gain insights into ACH systems such as NACHA in the USA, NACH in India, and Bacs in the UK, along with an overview of direct debit systems in 14 countries.Before you begin, please watch the introduction video and review the course overview.Here's a preview of what you'll learn:Foundational Knowledge: Understand ACH, NACHA, and their core benefitsKey Players: Learn about ODFI and RDFI and their rolesTransaction Flow: Follow the ACH transaction process, SEC Code, and ACH ReturnsStay Current: Get updates on 2021 changes, including Same-Day ACHPayPal ACH: Understand how PayPal ACH transactions workNACH in India: Explore its features, benefits, and Mandate Management SystemISO 20022 Messaging: Navigate ISO 20022 messaging for direct debitsMaster NACH: Learn about NACH participants, mandate flow, and moreGlobal Direct Debits: Understand Bacs in the UK and explore systems in 14 countriesAddress Challenges: Examine risks and challenges in ACH and NACHThis course provides a comprehensive understanding of direct debits and payments without requiring technical integration or programming knowledge.We look forward to meeting you in the course, where your journey to becoming a payment expert begins.Best Wishes,Global FinTech Academia"We are dedicated to delivering top-quality training to our students and clients, consistently earning us 5-star ratings."

Overview

Section 1: Course Content and Introduction

Lecture 1 Course Content and Introduction

Section 2: ACH and NACH Overview

Lecture 2 Overview of ACH, NACH and BACS

Lecture 3 Benefits of ACH

Section 3: ACH Participants and Transaction flow

Lecture 4 ACH Participants

Lecture 5 ODFI and its Role in ACH operations

Lecture 6 RDFI and its Role in ACH operations

Lecture 7 ACH Transaction Flow

Section 4: What is SEC Code in ACH by NACHA

Lecture 8 What is SEC Code in ACH by NACHA

Section 5: ACH Return and Return Codes

Lecture 9 ACH Return and Return Codes

Section 6: A new Same Day ACH update

Lecture 10 A new Same Day ACH update

Section 7: How does PayPal work with ACH

Lecture 11 How does PayPal work with ACH

Section 8: NACH in India

Lecture 12 NACH in India and NACHA in US, Similarities and Differences

Lecture 13 Features of NACH

Lecture 14 Benefits of NACH

Section 9: ISO 20022 message codes for the mandate

Lecture 15 ISO 20022 message codes for the mandate

Section 10: NACH Participants and Transaction flow

Lecture 16 NACH - Mandate Management System (MMS)

Lecture 17 NACH Participants

Lecture 18 NACH Mandate Transaction Flow Diagram. NPCI (India)

Lecture 19 NACH Transaction Status Files

Lecture 20 NACH file flow, Host to Host process and Digital Signature (DSC), Maker, Checker

Lecture 21 NACH Debit (Deduct) Transaction process flow

Lecture 22 NACH Credit (Deposit) Transaction process flow

Lecture 23 NACH Settlement Bank Account, Process and Sub-Membership

Section 11: Aadhaar Payment Bridge System (APBS) Direct Benefit Transfer (DBT)

Lecture 24 Aadhaar Payment Bridge System (APBS) Direct Benefit Transfer (DBT)

Lecture 25 Few important points about Aadhaar Payment Bridge System (APBS)

Section 12: An overview of BACS Mandate in UK

Lecture 26 An overview of BACS Mandate in UK

Section 13: A list of Direct Debit Payment Systems in 14 countries

Lecture 27 A list of Direct Debit Payment Systems in 14 countries

Section 14: Risks and Challenges in ACH and NACH

Lecture 28 Risks and Challenges in ACH and NACH

Section 15: Lets Revise, Quiz

Non-Technical product managers and professionals,Students who want to learn about ACH NACHA and NACH,Trainer and Teachers of Digital Finance