Course curriculum

  • 1

    Course Content and Introduction

    • Course Content and Introduction
  • 2

    ACH and NACH Overview

    • Overview of ACH, NACH and BACS

    • Benefits of ACH
  • 3

    ACH Participants and Transaction flow

    • ACH Participants

    • ODFI and its Role in ACH operations

    • RDFI and its Role in ACH

    • ACH Transaction Flow
  • 4

    What is SEC Code in ACH by NACHA

    • What is SEC Code in ACH by NACHA
  • 5

    ACH Return and Return Codes

    • ACH Return and Return Codes
  • 6

    A new Same Day ACH update

    • New Same Day ACH update in 2021
  • 7

    How does PayPal work with ACH

    • How Does PayPal works in ACH
  • 8

    NACH in India

    • NACH in India and NACHA in US, Similarities and Differences

    • Features of NACH

    • Benefits of NACH
  • 9

    ISO 20022 message codes for the mandate

    • ISO 20022 message codes for the mandate set up
  • 10

    NACH Participants and Transaction flow

    • NACH Mandate Management System (MMS)

    • NACH Participants

    • NACH Mandate Transaction Flow Diagram. NPCI (India)

    • NACH Transaction Status Files

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

    • NACH Debit (Deduct) Transaction process flow

    • NACH Credit (Deposit) Transaction process flow

    • NACH Settlement Bank Account, Process and Sub-Membership
  • 11

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

    • Aadhaar Payment Bridge System (APBS) Direct Benefit Transfer (DBT)

    • Few important points about Aadhaar Payment Bridge System (APBS)
  • 12

    An overview of BACS Mandate in UK

    • An overview of BACS Payment in UK
  • 13

    A list of Direct Debit Payment Systems in 14 countries

    • A list of Direct Debit Payment Systems in 14 countries
  • 14

    Risks and Challenges in ACH and NACH

    • Risks and Challenges in ACH and NACH
  • 15

    QUIZ

    • Quiz

About the course

Direct Debit and Direct payment is a very old, cost-effective and popular method to pay for your recurring utility bills, loan EMI etc. And the direct payment is used to get a salary, social benefits, and other incoming recurring or one-time payments. Such an automatic payment system for recurring obligations and receivables are used in many countries and is a very popular method among all age groups.

In this business-oriented course, we will understand about ACH system by NACHA in USA, NACH in India and Bacs in UK. We will also glance through the direct debit payment system of 14 countries. 

In the business-oriented course learn about;

What is ACH, NACHA, Automated Clearing House, benefits, participants, ODFI and its role, RDFI and its role, ACH transaction flow, SEC Code, ACH Return, New Update for 2021 (same day ACH), How does PayPal ACH work, Paypal ACH transaction flow, NACH in India, NACH features, NACH benefits, Mandate Management System, ISO 20022 messaging for direct debit, NACH participants, NACH mandate flow, NACH files types, file flows, host to host process in NACH, NACH debit transaction process, NACH credit transaction process, NACH settlement accounts, Aadhaar Payment Bridge System (APBS), Aadhaar Based Direct Benefit Transfer (DBT) System, a few important points of Aadhaar Payment Bridge System, BACS direct debit in the UK, list of direct debits payment system in 14 countries/regions, Risks and challenges in ACH, NACH?

We look forward to meeting you in the course.

Happy Learning.

Thanks

Global Fintech Academy

"Our aim is to deliver good quality and 5 Star training to our students and clients"