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B i AAPBecoming an AAP
Presented by
WACHAThe Premier Payments ResourceThe Premier Payments Resource
Wendy Wishon, AAP, NCPEPCOREPCOR
2013
Disclaimer• This material is not intended to provide any warranties or
legal advice, and is intended for educational purposes only.g , p p y• NACHA owns the copyright for the NACHA Operating Rules &
Guidelines. • The Accredited ACH Professional (AAP) is a registered service
mark of NACHA. © 2013 WACHA All rights reserved© 2013 WACHA All rights reserved.
– This material is derived from collaborative work product developed by NACHA ─ The Electronic Payments Associa on and its member Regional Payments Associations. y
What is an AAP?What is an AAP?
• Accredited ACH Professionals (AAPs) are an elite group of highly‐skilled professionals who are recognized for their electronic payments expertise and who have a strong competitive edge in functioning as effective partners in the business and financial arenas.
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Who Should be an AAP?Who Should be an AAP?
• The AAP program is open to payments p g p p yprofessionals in all industries. It is especially appropriate for:
ACH O i S ff– ACH Operations Staff– Treasury Professionals– Corporate Cash ManagersCorporate Cash Managers– Accounts Payable and Receivable Staff– Auditors
• Recommend a minimum of two years experience in ACH
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Why Should You Become an AAP?Why Should You Become an AAP?
b d f d l• AAPs bring a wide range of experience and a critical knowledge base that is a valuable asset to any organization
• AAPs have a broad foundation of technical and regulatoryAAPs have a broad foundation of technical and regulatory expertise for ACH and other payment systems
• You will be recognized throughout the payments industry as a subject‐matter expert
• The AAP designation distinguishes you as the “go‐to” person within your organization and throughout the paymentswithin your organization and throughout the payments industry
• You have taken the extra step to become an expert in the field
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AAP is ImportantAAP is Important
• In addition to helping you achieve personal and professional goals, becoming an AAP delivers a strong message to your employers, and to others in the payments industry that you are dedicated to your profession and a recognized expert in your field.
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AAP is RewardingAAP is Rewarding
• AAPs are eligible for special programs, event rates, and networking opportunities , g ppthroughout the industry.
• Becoming an AAP makes you part of aBecoming an AAP makes you part of a network of more than 3,900 payments professionals who have proven theirprofessionals who have proven their dedication to the payments industry.
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Who Has Taken The Exam?Who Has Taken The Exam?Created in 1993Created in 1993Nearly 400 individuals passed the exam in 2012Over 4000 AAPs nationwideOver 4000 AAPs nationwide-160 are WACHA members
N b f AAP h d bl dNumber of AAPs more than doubled since 2000
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AAP Exam DatesAAP Exam Dates
October 7 26 2013October 7-26, 2013
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Before the ExamBefore the Exam• Register to take the exam- Register for exam at http://www nacha org/node/1302Register for exam at http://www.nacha.org/node/1302
• Membership code = J%z25Fk?• Deadline is September 20, 2013
C fi i– Confirmation• Email confirmation within 72 hours• Confirmation letter with 2 weeks
– Will provide you with you specific ID# and instructions on how to contact PSI to select test site and test time
– $465 Member, $595 Non‐member» Covers registration, study handbook & sitting fee
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Before the Exam• Exam is given electronically at a PSI location- Visit PSI’s website at
http://candidate.psiexams.com/index.jsp- Select Certification/Professional Associations- Select NACHA as the sponsor- Under Information Links, select Test Centers to view test sites
- Schedule date and time for exam directly with PSI site chosen
• On or after August 1, 2013• No walk‐ins are accepted
– Any Changes must be made with PSI test siteAny Changes must be made with PSI test site
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What’s it like to take an electronic test?
• You only need to have basic computer skills for the simple format usedp
• A demo test is available on the PSI website– Use this practice test as often as you like to helpUse this practice test as often as you like to help increase your comfort level with the testing format.
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AAP ExamAAP Exam
• 120 questions– 20 Pilot questions
• Not scored
• Multiple choice• 3 hours
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Exam ResultsExam Results
• Official pass/no pass results are provided at the• Official pass/no pass results are provided at the completion of the exam.
• Those who pass the exam will receive their AAPThose who pass the exam will receive their AAP certificate and pin.
• Those who do not pass will be mailed a report onThose who do not pass will be mailed a report on general topic areas requiring improvement.
The Passing Score for the Exam is not available nor shared with the AAP candidates or NACHA
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What Does The AAP Exam Cover?What Does The AAP Exam Cover?• Knowledge of the ACH Network and comparative payment systems
• Knowledge of ACH rules and regulations T h i l ACH kill i l di ti l• Technical ACH skills, including operational requirements
• Understanding of ACH products and applicationsUnderstanding of ACH products and applications • Risk management and other policy issues • Marketing ACH servicesMarketing ACH services • Management of electronic payment services • Regulation E and other federal requirements g q
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What Does The AAP Exam Cover?What Does The AAP Exam Cover?
• AAP Exam is broken down into 6 sections- General Payment Overview (10%)-Marketing & Products (8%)- Risk Management (15%)- Rules & Regulations (24%)- Operational Process/Flow (28%)- Technical Standards & Formats (15%)
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Preparing To Take The ExamPreparing To Take The Exam
• The Accredited ACH Professional Handbook in an electronic format
- Supplied upon registration for AAP Exam
Links to the Greenbook the Bankin- Links to the Greenbook, the Banking Circulars, Reg. E, D & CC
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Preparing To Take The Examp g• NACHA Operating Rules & GuidelinesACH C li M l• ACH Compliance Manual
• Risk Management Handbook • Green BookGreen Book
-www.fms.treas.gov/greenbook• Regulations• The AAP Study Kit Offered by WACHA• The AAP Study Kit‐Offered by WACHA
• Info at the end of this presentation
* h ll l l*This is not an all inclusive list
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Preparing To Take The ExamPreparing To Take The Exam
• WACHA Training Sessions• WACHA Training Sessions – ACH Rule Book– RDFI Roles & Responsibilities– ODFI Roles & Responsibilities– File Formats– RDFI Exception HandlingRDFI Exception Handling– Regulation Sessions‐Reg. E/Regulations Review– Risk Related sessions
G t P t & ACH– Government Payments & ACH
• Check out www.WACHA.org for dates & times
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*This is not an all inclusive list
Preparing To Take The ExamPreparing To Take The ExamPreparing To Take The ExamPreparing To Take The Exam
• 2.5 Day AAP Review– September 16‐18, 2013– Wisconsin Dells
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Study TipsStudy Tips• Map out a study planp y p• Schedule time to study• Don’t memorize,
personalize• Use Quiz Sheets• Maximize your study• Maximize your study
time• Don’t wait until the last
moment
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Study TipsStudy Tips
H St d B dd F St d G• Have a Study Buddy or Form a Study Group– NACHA’s AAP Buddy Program
• NACHA is pleased to offer the AAP Buddy Program. This program pairs p y g p g paspiring AAPs with a current AAP who has volunteered their time to help guide the perspective AAP throughout their study period. If you would like to learn more or wish to be paired with an AAP Buddy please send an e‐
il t b dd @ h d i di t “N d B dd ” i thmail to [email protected] and indicate “Need a Buddy” in the subject line.
– Please note: opting in to this program signifies your permission to provide your contact information to the AAP with whom you are matched.
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Exam Taking TipsExam Taking Tips• Remain Calm• Read EACH questionCAREFULLY
• Don’t Assume• Read EACH answer• Answer the questions according to the ACH Rules not what you doRules, not what you do in your organization
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Continuing Education CreditsContinuing Education Credits
• 5 Year Accreditation Period• Continuing Education Credits (CEC)- Earning Credits
• 60 CEC within the accreditation period• No more than 20 can be earned in any one year
OR- Complete AAP exam every 5 years
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Continuing Education CreditsContinuing Education Credits
O l d ti l ti iti i ACH d• Only educational activities covering ACH and related payment issues are eligible for AAP renewal creditsrenewal credits.
• Type of Educational Programs- Attending Professional Seminars/TrainingAttending Professional Seminars/Training- Teaching (AAP Related Topics)– Publishing Articles/Books/Papers– Volunteer service/Professional Service
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Pass or Fail Y L N thi !You Lose Nothing!
• If you take all of the recommended classes AND you purchase either of the two “Really Big AAP Offers”* and you fail the exam, WACHA will reimburse you for the $465 exam registration fee!**
*See next slide**Some restrictions apply, email [email protected] for details
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WACHA’s AAP OfferWACHA s AAP OfferThe AAP Complete Package includes: Seven AAP study publications ($338 value/non‐member $515) Seven AAP study publications ($338 value/non‐member $515)WACHA’s AAP Study Kit ($150 value/non‐member $250) A coupon to attend WACHA’s 2.5 day in person AAP Review class in
September ($500 al e/non member $700)September ($500 value/non‐member $700) Coupons to attend two recommended AAP sessions of your choice ($398
value/non‐member $598)$MEMBERS: The total value of this offer is $1386 but you can purchase it for
$1000 using this special offer. This is a $386 savings for members.Non‐Members: This is a $2063 value which you can purchase for $1900
(Save $363)**To compliment your AAP preparations, purchase the Gold Education Club to cover
the five additional training sessions for only $875 (save an additional $292)(not lid f b )valid for non‐members)
Visit www.wacha.org for more information
JJoin WACHA’s Education Club and SAVE!
Do you participate in more than 3 WACHA training sessions per year?
Members of WACHA’s Education Club can payMembers of WACHA’s Education Club can payfor WACHA training with Education Clubcoupons and save as much as 10‐25% off p
the regular Member training rates
L W b i hLogon to our Website www.wacha.orgEducation tab for more information
Two days of concentrated sessions, designed to help you achieve a higher understanding of the payments y g g p ysystem, regardless of your knowledge level, offering
both a “basics” track and an “advanced” track.
Attend WACHA’s Payments University for a h d lcomprehensive educational experience.
August 19 & 20 2013August 19 & 20, 2013Kalahari Resort, Wisconsin Dells, WI
The Payments InstituteThe Payments Institute
July 14‐17, 2013yEmory University Conference Center Hotel
Atlanta, GA
Unique, “collegiate” learning experienceHosted by NACHA
R i l ACH A i i i l d i l i d i i f TPIRegional ACH Associations are involved in planning and instruction of TPI
http://www.nacha.org/c/PaymtInstit.cfm
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QUESTIONSQUESTIONS
Please fill out your Evaluations
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ResourcesResources
• WACHA‐ The Premier Payments Resource • PAR‐ Payment Advisory Resource
HELP DESKHELP DESK– Phone: 262‐345‐1245– Toll Free: 800‐453‐1843– Toll Free: 800‐453‐1843– Fax: 262‐345‐1246info@wacha org– [email protected]