Build a Solid Foundation!

ACH Day Camp

This session begins with an introduction to ACH, including ACH definitions, the role of Nacha and the different types of accounts used within the ACH Network. Participants will also review the Nacha Rules & Operating Guidelines, as well as other applicable rules and regulations that impact ACH processing.

Attendees will gain an understanding of ACH participants and terminology, including ACH participants and payment flows, effective and settlement dates and Standard Entry Class (SEC) Codes. The course will also cover returns and Notifications of Change (NOCs), including the different types of returns, return timeframe rules and types of NOCs.

The ODFI operations section reviews the role and responsibilities of the ODFI, warranties and liabilities, origination agreements, authorizations, ODFI NOC and return processing, ACH reversals, prenotes and micro-entries, processing timeframes and Same Day ACH.

The session concludes with RDFI operations, including the role and responsibilities of the RDFI, RDFI warranties, U.S. Treasury benefits, unpost and exception processing, stop payments and ACH dispute processing.

Wire Transfer Day Camp

This session begins with an introduction to wire transfers, including what a wire transfer is, the differences between net settlement and gross settlement, wire funds availability, operational and cut-off times for wire systems and the potential expansion of Fedwire in 2028–2029. Participants will also explore different wire networks such as Fedwire, CHIPS, Western Union and MoneyGram, along with reconcilements, GL accounts used, fee charges, wire transfer limits, available vs. collected balances, wire transfer use cases, methods of delivery for wire requests, wire transfer participants and an introduction to ISO 20022.

The course also covers key policies, rules and regulations related to wire transfers, including wire policies, procedures and agreements, business continuity planning and disaster recovery, Regulation J – Subpart B, CHIPS Rules and Administrative Procedures, SWIFT Financial Standards, OFAC, BSA/AML requirements, the Patriot Act, Regulation CC, Sarbanes-Oxley, UCC 4A and FFIEC Layers of Security.

In the processing section, attendees will review incoming and outgoing wire transfers, including Regulation J vs. UCC 4A, handling exceptions for incoming wires, data entry with ISO 20022, upcoming November 2026 changes and the different types of risks associated with outgoing wires. International wires will also be discussed, including international wire flow, SWIFT/BIC codes, SWIFT messaging, IBANs and sort codes.

The session concludes with a focus on wire transfer fraud, including common fraud trends and destinations, fraud types such as account takeover, business email compromise, impersonation schemes, insider fraud and other scams and schemes. Fraud mitigation strategies, including anomaly detection, callbacks, dual control, tiered limits and approval structures, online set-up considerations and ongoing communications and training, will also be covered.

RTP^® and FedNow^® Day Camp

This session provides an introduction to RTP^® and the FedNow^® Service, including a comparison of the two payment systems, transaction flows, participation types and credit transfer response options. Through real-world scenarios, participants will gain a better understanding of how each network operates and the considerations involved in processing instant payments.

The course also introduces the basics of ISO 20022, including background information, naming conventions, business areas and common ISO 20022 messages. Attendees will review practical scenarios to better understand how ISO 20022 messaging supports RTP^® and FedNow^® payment processing.

In addition, the session explores the legal framework surrounding RTP^® and FedNow^®, including governance frameworks, how rules, laws and regulations interact, RTP^® Rules, FedNow^® Rules and the legal framework affecting both payment systems. Scenario-based discussions will help participants apply these concepts to real-world situations.

Check Day Camp

This session begins with check terminology, including negotiable instruments and various types of checks, descriptions of different types of financial institutions and an overview of the MICR line, including how to format a fractional routing number. Participants will also review the parts and parties to a check, including each party's roles, what is required for a check to be negotiated and the UCC 3 indorsement types.

The course also covers check processing, including the general check process and remote deposit capture (RDC), item capture, clearing vs. settlement, gross vs. net settlement and the concepts of negative and positive float.

Additional topics focus on the legal framework for check processing, including UCC, Regulation CC, agreements, Regulation J and warranties and indemnities. Participants will review fraud risks such as forgeries, counterfeits and alterations, Regulation CC holds, RDC indemnity and check exceptions. Come prepared to learn when it's appropriate to utilize the Regulation CC hold process, how the RDC indemnity helps with duplicate cases and how to appropriately handling check exceptions.

The session concludes with a review of return timeframes, returns and adjustments, client vs. administrative returns and commonly used adjustment investigation types through the Federal Reserve Bank. Attendees will work through several check exception scenarios and participate in an interactive Mentimeter game designed to reinforce key concepts and test knowledge retained throughout the course.

Reg E Day Camp

This session introduces Regulation E, including Subpart A and Subpart B, key definitions, disclosures, covered transactions, unauthorized transaction criteria and the differences between unauthorized transactions and tiered liability for lost or stolen access devices. Participants will also define access devices, review stop payment requirements and discuss required communications. We’ll also walk through the timeframes associated with Subpart A and B.

The course also covers the Regulation E error resolution process, including required procedures and timeframes, communication requirements, unauthorized transaction criteria, provisional credit and the determination process. The session focuses specifically on the Regulation E requirements without exploring the differences between payment network rules and Regulation E.