Overview

Upgrade Your Payment Knowledge: Get into the World of Direct Debits and Payments!Direct Debit and Direct Payment, the time-tested, cost-effective, and widely adopted methods for handling recurring utility bills, loan EMIs, salary, social benefits, and other regular income transactions. These automatic payment systems have stood the test of time and are embraced by people of all age groups around the globe.In this business-centric course, we'll take you on an exhilarating journey through the world of payment systems, unveiling the intricacies of ACH systems like NACHA in the USA, NACH in India, and Bacs in the UK. Plus, we'll provide a quick tour of direct debit payment systems in 14 countries.(Please make sure to explore the introduction video and course overview before diving in)Here's a glimpse of what you'll learn:Explore the Foundations: What is ACH (Automated Clearing House), NACHA, and the core benefitsDecode the Roles of Key Players: Discover the participants like ODFI and RDFI, and their pivotal rolesFollow the Money: Understand the ACH transaction flow, SEC Code, and ACH ReturnsStay Updated: Get insights into the New Updates for 2021, including Same-Day ACHDemystify PayPal ACH: Learn how PayPal ACH transactions work and their flowUnveil NACH in India: Explore the features, benefits, and the Mandate Management SystemISO 20022 Messaging: Navigate through ISO 20022 messaging for direct debit transactionsMaster NACH Processes: Learn about NACH participants, mandate flow, file types, and moreDive Deep into Direct Debits: Understand BACS direct debit in the UK and discover direct debit systems in 14 countries/regionsFace Challenges Head-On: Explore the Risks and Challenges in ACH and NACHRest assured, this course offers a comprehensive understanding of the dynamic world of direct debits and payments, without delving into technical integration or programming.We eagerly anticipate the opportunity to meet you in the course, where your journey towards payment expertise begins.Happy Learning!With Best Regards,Global FinTech Academy"Our unwavering commitment is to provide our students and clients with top-tier training, marked by quality and excellence, consistently earning us 5-star ratings."

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