An Electronic Payment Primer: How Savvy Companies Now Pay Their Bills (ACH, Wires & Instant Payment) FLEXCAST

Overview

Before this course, the transition to electronic payments might seem daunting, with challenges in implementation and fraud prevention. This course, instructed by Mary Schaeffer, acts as a bridge to mastering electronic payments in an increasingly digital world. After completion, participants will transition from uncertainty to proficiency in managing electronic payments. You’ll learn how to create and grow an ACH payment program, effectively switch suppliers to electronic methods, and understand the intricacies of wire transfers and Instant Payments. The course also empowers you with strategies to combat the growing issue of electronic payment fraud, integrating best practices into your payment processes. This transformation equips you with the expertise to navigate the electronic payment landscape confidently, ensuring secure, efficient, and cost-effective transactions for your organization.

Highlights

How ACH payments work. Protection against ACH fraud. Best and worst ACH practices. Wire transfers. Real time payments.

Prerequisites

None.

Designed For

CPAs.

Objectives

Identify the reasons why paying electronically benefits an organization. Pinpoint issues to be considered when setting up an electronic payment program. Create a basic ACH payment program for an organization. Build an effective strategy for converting suppliers to the program. Identify effective strategies to grow your ACH payment program. Develop an effective strategy for converting suppliers to the program. Understand the different types of payment fraud currently being perpetrated. Develop an effective strategy to combat electronic payment fraud, and more.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.