National Check Payments Certification Program

Invest in your professional future and the future of your organization by attaining the National Check Professional (NCP) accreditation. There are tens of billions of check payments each year, valued at tens of trillions of dollars. Forward collection of cash items is now completely electronic, using image exchange, and the Federal Reserve Bank as proposed changes to Regulation CC. Get ahead of the curve and stay educated on what's happening in this changing environment.

 

To prepare for the NCP exam, the governing body--the Electronic Check Clearing House Organization--created a series of webinars. ePayResources has partnered with WACHA, UBB, and ECCHO to provide a robust preparation experience.

 

ePayResources members will gain access to an exclusive community on Connections (connections.swacha.org) exclusive to participants of the NCP test preparation series. Through this forum members will review study concepts; participate in discussions; and post their own questions.

 

Most of the webinars occur on Tuesdays from 1:00 p.m. CT to 2:30 p.m. CT, beginning January 17, 2017, continuing through March 28, 2017. There are two weeks--weeks 5 and 10--with two session scheduled. The second session in those two weeks will be held Thursday from 1:00 p.m. CT to 2:30 p.m. CT.

 

Descriptions of each webinar follow-

Week

and

Date

2017 Title

 

Description

1

01/17

Check Fundamentals and Check Processing

 

Do you know the check? Get started with the key definitions, parts of a check, parties to the check, parts of the MICR line and the routing number as discussed in this session. Also included is a payments system overview including a brief discussion of presentment, settlement, and float.

2

01/24

Regulations - Uniform Commercial Code

 

Review of the check payment system regulatory foundation begins with the Uniform Commercial Code. This session will cover UCC Articles 3 and 4 and will provide some scenarios illustrating key provisions.

3

01/31

Regulations - Regulation CC

This session continues the review of the check payment system regulatory foundation with a discussion of Regulation CC. Part of the Code of Federal Regulations (CFR), Reg CC provisions will be discussed in some detail. Scenarios will be used to illustrate key warranties and how breach of warranty situations may be handled.

4

02/7

Standards and Formats

 

Are all those different X9 standards confusing? This session should help sort them out. From X9.100-140, the substitute check standard, through X9.100-187, the image cash letter standard, this session will walk you through the basics. The Universal Companion Document, or UCD, to the X9.100-187 standard will also be discussed.

5

02/14

Image Exchange: Rules and Agreements – Part I

Note: This is the first of two session held this same week.

 

Part I – Image Exchange in the Private Sector: Why are rules and agreements needed for image exchange? This session will answer the question and review the rules for the predominant image exchange models: ECCHO Operating Rules and the Federal Reserve Operating Circular 3 (OC 3). Part I will focus on the private sector image exchange channel and will look at private agreements with the majority of the session focused on the ECCHO Operating Rules and Commentary.

5

02/16

Image Exchange: Rules and Agreements – Part II

Note: This is the second of two session held this same week.

 

Part II – Image Exchange via the Federal Reserve: This session will again ask the question of why rules are needed for image exchange as it completes the two-part review the rules for the predominant image exchange models. Part II focuses on the key provisions of image exchange through the Federal Reserve with a review of Operating Circular 3 (OC 3) and how/where Regulation J is included. A brief comparison of the key similarities and differences between the predominant industry rule sets – ECCHO Operating Rules and Federal Reserve's OC 3 – will be included at the end of this session.

6

02/21

Review Session 1

 

The first of two Review sessions designed to revisit concepts discussed to date. Participants are encouraged to participate in each review including asking their own questions about topics studied.

7

02/28

Image Exchange: Processes

 

The image cash letter (ICL) will be discussed in this session with a focus on how the ICL is built based on the image exchange standards. Scenarios will be used to show various processing examples to follow each step in how an image cash letter file is built and how the records are populated to move the image file through a forward or return process and in which operational situations you would need one record type versus another. Detailed examples and handouts will be provided. An overview of the "day in the life of a check" in an image environment will be included which will also cover common Day 1 and Day 2 processes. Paper exchange processes are minimally covered.

8

03/7

Exceptions - Returns and Adjustments

 

What happens when an item cannot be immediately processed and needs special handling? This session will focus on those exception situations with a focus on decisioning and how to decide item disposition. Should it be handled as a return or an adjustment and how does timing factor into this decision? If the item is sent as a return, what return codes should be included so the item can be properly identified by the depositary bank upon receipt? Common error and adjustment types as handled through both the Fed and private sector are also covered in this session.

9

03/14

Check Products

 

Types of checks and check products including the image cash letter (ICL), remotely created checks (RCCs), ARP products including positive pay, controlled disbursement, and lockbox are all covered in this session. A review of Remote Deposit Capture is included as well. A brief overview of the ACH check conversion SEC codes will be included.

10

03/21

Fraud, Risk and Risk Mitigation – Part I

Note: This is the first of two session held this same week.

 

Types of Fraud and RDC Risk: This session provides an overview of payments fraud with a discussion of types of fraud and ideas for identifying and potentially preventing those types of fraud. The session includes a discussion of the Federal Financial Institution Examination Council (FFIEC) guidance for financial institution examiners including specific guidance on risk management. This session will wrap up with the latest FFIEC guidance for RDC risk management.

10

03/23

Fraud, Risk and Risk Mitigation – Part II

Note: This is the second of two session held this same week.

 

This session focuses on the FFIEC guidance for identifying and assessing risks to retail payment systems and will cover the six main types of risk and general strategies for managing each. The session will also review the guidance’s four main areas of focus for Business Continuity Planning and how the financial institution establishes a basis to recover and resume business processes when operations are unexpectedly disrupted.

11

03/28

2017 Exam Review

 

Review of all topics consists of multiple choice questions crafted by NCP Training Partners and questions posed by attendees. Participants are encouraged to bring their own questions to each review session.

When
1/17/2017 - 3/28/2017
Where
Telephone
Webinar,

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CANCELLATION POLICY: Cancellations received less than five (5) banking days prior to the seminar date are not refundable. Cancellations received more than five (5) banking days must be received in writing and are subject to a $30.00 cancellation fee. Maximum of (1) transfer or substitute per registration. ePayResources reserves the right to make changes regarding locations and accommodations.