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.
Global Fintech Academy
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