Recurring Digital Payment, PayPal, ACH(NACHA/Direct Debit)

Recurring Digital Payment, PayPal, ACH(NACHA/Direct Debit)

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.

"NO Technical Integration, Programming and Bank Account entries discussed in the course" We have a separate course on NACH in India as well, which has some parts of this course.

(Please see the introduction video and course overview, before enrolling)

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"

Business oriented course - ACH(NACHA/BACS) Direct Debit Digital Payments, PayPal

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What you will learn

• What is ACH and NACHA
• Transaction flow of ACH and NACH.
• No Technical Integration, Programming and Bank Account entries are discussed in the course

Rating: 4.43269

Level: All Levels

Duration: 3.5 hours

Instructor: Global FinTech Academy