Education Consulting

PaymentsFirst, PAR's parent organization, provides specialized consulting and training tailored to the unique needs of financial institutions, focusing on the critical payment methods of ACH, checks, and debit cards. Our expertise empowers your institution to optimize these core payment services, enhance operational efficiency, strengthen risk management, and ensure regulatory compliance.

Our services for financial institutions include:

• ACH Expertise:
  • Comprehensive training on Nacha Operating Rules and Guidelines.
  • Guidance on ACH origination, returns, notifications of change (NOCs), and reclamations.
  • Risk management strategies for ACH fraud, including unauthorized transactions and account takeovers.
  • Implementation and optimization of ACH risk management tools and systems.
  • Training on Same Day ACH and other emerging ACH functionalities.
• Check Processing Optimization:
  • In-depth training on check image processing, exception item handling, and fraud detection.
  • Guidance on Reg CC compliance and funds availability.
  • Strategies for optimizing remote deposit capture (RDC) and check truncation.
  • Check fraud prevention and detection training, including counterfeit and altered checks.
  • UCC articles 3 and 4 training.
• Risk Management and Compliance:
  • Development and implementation of robust risk management frameworks for ACH, check, and debit card transactions.
  • Training on BSA/AML compliance related to payment transactions.
  • Audit preparation and compliance reviews.
  • Development of policies and procedures to ensure regulatory compliance.
• Operational Efficiency:
  • Process analysis and optimization to streamline payment operations.
  • Training on payment system upgrades and implementations.
  • Implementation of best practices for payment reconciliation and reporting.
  • Exception item processing optimization.
• Customized Training:
  • Tailored training programs for branch staff, operations personnel, and compliance officers.
  • Workshops and seminars on specific payment topics, including fraud prevention and regulatory updates.
  • Training for internal auditors.

We help financial institutions maintain a secure, efficient, and compliant payment environment, enabling them to provide exceptional service to their customers.

Please email education@paymentfirst.org or call 866-993-3753 for additional information.