HERNDON, Va., (PRWEB) February 10, 2015
In honor of nationwide AAP Recognition Day, NACHA — The Electronic Payments Association revealed it recently awarded 363 individuals the Accredited ACH expert (AAP) credential. Almost 4,200 specialists presently contain the credential.
NACHA also revealed it is promoting a framework to determine benchmarks to allow finance institutions of sizes and kinds evaluate the sheer number of AAPs on staff with peer institutions in groups defined by asset size and ACH volume, including originated and obtained ACH deals. The objective of the framework should notify specific standard bank decision making about the accreditation of staff as a measurement for examiners, peers and customers of these commitment to NACHA working Rules and regulating compliance, noise threat administration, and ACH quality. NACHA created the benchmarking framework in conjunction with its local Payments Associations.
“AAPs tend to be acknowledged repayments skillfully developed that highly regarded by financial regulators and examiners,” said Scott M. Lang, AAP, senior vice president, Association providers at NACHA. “On National AAP Recognition Day, I am pleased to announce the launch of the AAP benchmarking effort as something to help show the worth the certification provides to banking institutions and entire ACH Network.”
To-be awarded the AAP credential, people must pass an extensive exam that is administered by NACHA each autumn. The exam checks an individual’s knowledge of subjects like the NACHA Operating Rules, the ACH system alongside payments methods, technical and operational ACH requirements, threat administration, and payments-related regulations.
NACHA in addition to Regional Payments Associations will honor recently credentialed and existing AAPs during National AAP Recognition Day, which this present year falls on February 10. Celebrated annually from the 2nd Tuesday of February, National AAP Recognition Day highlights the importance of the AAP accreditation, including honors the accomplishments and contributions of AAPs across the country.
This current year, NACHA together with local Payments Associations, among other pursuits, will commemorate National AAP Recognition Day by traveling a U.S. flag across U.S. Capitol in Washington, D.C. The banner after that is going to be awarded to an AAP at yearly AAP Reception, sponsored by the local Payments Associations, at PAYMENTS 2015, which will be held April 19-22, 2015, in New Orleans, Los Angeles. For more information on REPAYMENTS 2015, be sure to visit https://payments.nacha.org.
Additionally during the meeting, NACHA will honor banking institutions who are peer group leaders in various segments associated with AAP benchmarking framework for 2014. NACHA will publish benchmarks utilizing data from top 50 Originating Depository banking institutions (ODFIs) and obtaining Depository finance institutions (RDFIs), and will collaborate with all the local Payments Associations to develop regional market benchmarks to provide for a national image.
To find out more about NACHA’s AAP system, kindly see https://www.nacha.org//events/training/ach-professional. For more information on how to commemorate National AAP Recognition Day, check out https://www.nacha.org/events/aap-recognition-day.
About Local Payments Associations
Located through the entire U.S., Puerto Rico, Virgin Islands, and Guam, Regional Payments Associations come in many cases not-for-profit trade organizations whoever main account includes commercial banking institutions, savings financial institutions, credit unions, and cost savings and financial loans. Through their particular account in NACHA, local Payments Associations tend to be particularly acknowledged and accredited providers of ACH management, knowledge, help, and solutions to any or all forms of finance institutions. To learn more about local Payments Associations, see https://www.nacha.org/members/regional-payments-associations.
PAYMENTS 2015, which is occurring April 19-22 during the New Orleans Morial Convention Center in New Orleans, La., features over 130 educational sessions and workshops with well-known speakers from finance institutions, corporations, government agencies, legal and regulating bodies, consulting and analysis organizations, service providers and more. Sessions are organized along seven songs — the ACH system, Card Payments, Digital/Mobile, consumer knowledge, Game Changers & Disruptors, danger & Security and Strategy – to address the subjects of crucial relevance to repayments professionals. Additionally, a dynamic exhibit hallway of nearly 100 business leaders features today’s top products and services.
To learn more about PAYMENTS 2015 sessions, workshops, speakers, sponsors and exhibitors, or to register, see https://payments.nacha.org.
NACHA — The Electronic Payments Association
Since 1974, NACHA – The Electronic Payments Association has offered as trustee of this ACH system, managing the development, management and rules when it comes to payment network that universally links all 12,000 finance institutions in U.S. The Network, which moves cash and information directly from bank account to another, supports more than 90 per cent of total value of all electric repayments when you look at the U.S. Through its collaborative, self-governing model, training, and inclusive engagement of ACH Network individuals, NACHA facilitates the growth and variation of electronic repayments, encouraging Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit repayments, continual and one-time repayments; government, consumer and business deals; international payments, and repayments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now among biggest, best, & most trustworthy methods on earth, generating value and allowing innovation for several individuals. See https://www.nacha.org for more information.
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