By taking this course, you will gain the following knowledge and skills:
Understanding of ACH and NACHA payment systems
Knowledge of the transaction flow involved in ACH and NACHA
No technical integration, programming, or bank account entries are required for this course
Business-oriented training designed for non-technical professionals and product managers
Familiarity with direct debit systems used in 14 countries and regions
Overview and understanding of Aadhar Payment Bridge System (APBS) payment
Understanding of the features and benefits of ACH and NACH payment systems
Brief overview of BACS payment system
Are you interested in understanding the direct payment system used for recurring utility bills and social benefits? Look no further than this business-oriented course taught by Sumit Pareek, E-Commerce mentor at the Indian Institute of E-Commerce. You will gain an in-depth understanding of ACH systems, including NACHA in the USA, NACH in India, and Bacs in the UK, as well as an overview of direct debit payment systems in 14 countries.
No technical integration, programming, or bank account entries are discussed in the course, making it accessible for non-technical product managers and professionals. You’ll learn about ACH transaction flow, SEC code, ACH returns, and new updates for 2021, including same-day ACH and PayPal ACH. In addition, you’ll explore NACH in India, including its features and benefits, mandate management system, and file flows.
The course also covers the Aadhaar Payment Bridge System (APBS) and Aadhaar Based Direct Benefit Transfer (DBT) System, as well as BACS direct debit in the UK. You’ll also gain insight into the risks and challenges associated with ACH and NACH.
Enroll now to gain a comprehensive understanding of ACH and NACHA payment systems, and take the first step towards a deeper understanding of digital finance.
