| Learning Objectives: | |
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Understanding the gaps in the current U.S. payment systems. |
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Acquire knowledge about which payment types are suitable for same-day ACH. |
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Review the business case for using same-day ACH in your organization. |
| Thursday, May 6, 3:45 - 5:00 | view all sessions this time |
| Technology | view all sessions this track |
| 609-Same-Day ACH Processing and Settlement | |
| Are you ready for same-day check conversion, telephone, and internet initiated payments using ACH? The impact of a same-day payments environment on the payments system and on your organization will be discussed. For corporate cash and payment management, the addition of a same-day ACH solution could: 1) enhance funds availability by expediting collection of consumer ACH debits and 2) accelerate identification and disposition of payments needing to be returned due to error or fraud. |
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| Learning Objectives: | |
|
Understanding the gaps in the current U.S. payment systems. |
|
Acquire knowledge about which payment types are suitable for same-day ACH. |
|
Review the business case for using same-day ACH in your organization. |
| Steven
Cordray, Federal Reserve Bank of Atlanta Steven Cordray is a project manager with the Federal Reserve Bank of Atlanta and has been with the Bank for six years. Since 2007, he has served as a project manager in the Federal Reserve Retail Payments Office. In this capacity, he develops new FedACH products and services. Steven’s most recent work is the development of a same-day ACH processing and settlement service. Earlier in his career, Steven served as a product/project manager for various high-tech companies in the private sector. Steven holds advanced degrees in business and engineering.
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