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ACH Going Global – Brushing Up on Your IAT Knowledge

Description

Event Details*
Thursday, April 1, 2021
On-Demand; 1.2 AAP, APRP CEU Eligible

Event Registration**
Member Price:     $225.00
Non-Member Price:   $325.00

Session Description:

Payments are being left on the table. Determine how the Nacha Operating Rules outlines ways the ACH Network can be leveraged to solve your customer/member’s international payments needs.

The International ACH Transaction was introduced in 2008 to address the requirement of the Office of Foreign Asset Control and payments through the ACH. At the time, Members successfully adapted to the varied and complex requirement of IATs.

But are New England Financial Institution using IATs to their full extent? The rise of global payments have not slowed. Some statistics state that over 80% of small businesses have a need to make an international payment. Are your customers/members seeking alternatives to your institution in making international payments?

This session will remind you of the reasons, uses, and possibilities of IATs.

Attendees will leave the session with an understanding of:

  1. Reasons for the IAT Standard Entry Class Code
  2. The need for international payments for small businesses
  3. How to address requests from customers/members for international payments 

Speaker:
Joe Casali, EVP, Payments Innovation, NEACH

Audience: 
  • •   Financial institutions in border states with a greater probability of international account holders
  • •   Financial institutions with an origination business that may have international customer needs. 
You might also like:
  • •   Standard Entry Class Codes and the Rules that Govern Them

*Please note that the access information will be sent to you in a separate email upon receipt of payment.  Access information and support are only provided during normal business hours.
** This event is part of the NEACH Education Club.  Members who join the Club save $75 off the cost of this event.



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