1 - 1.2 CPE This course discusses the benefits and processes for using Automated Clearing House (ACH), the electronic network for financial transactions, for making international payments. ACH is a reliable, cost effective and predictable alternative to the traditional wire or a check for payments to recipients and other companies in other countries.
We’ll cover:
- What international ACH is, how it works, and the differences between U.S. and international ACH
- Customer benefits
- Different payment types, and the process flow
- When to use international ACH versus wire methods
We will also discuss the International Payments Framework Association (IPFA) and how it offers a potential solution for doing international ACH. Finally, statistics and information on the NACHA IAT (International ACH Transaction) will be covered.
This course will help corporate finance and treasury managers understand the advantages of making some of their payments via international ACH.
Learning Objectives
- Identify how your organization can save significant money by using international ACH for certain types of payments
- Recognize elements of the International Payments Framework as a possible for solution for implementing international ACH
- List the process flows for international ACH to understand the timing and how that impacts the payments being made
Last updated/reviewed: August 7, 2023
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21 Reviews (78 ratings)
Reviews
Tim Marsden
(International Finance Manager at The Church of Jesus Christ of Latter-day..)
A nice overview of ACH transactions and background.
Anonymous
(-)
Very good background on International ACH; was not aware of the extent of it's activity nor of the added complexities which would be involved with these transactions. Good examples of uses and what to look out for when beginning this process
Peter Morris
(Consultant at Treasury)
Excellent coverage. Topic was fully covered in allotted time. Speaker did a superlative job in keeping an optimal pace in presenting the various aspects of International ACH.
Anonymous
()
The instructor was excellent and helped me to understand more about domestic and international ACH. I loved the visuals in the presentation. Great class.
Anonymous
(Financial Controller)
A great approach to our daily work, how to cut off bank service fees and improve international transactions process
Keith Johnson
(Director SOX Compliance at Waterjet Holdings)
Course provides a good understanding of the international ACH process, and differences from domestic ACH (US).
Anonymous
(Consulting Senior)
Very relevant material, logical presentation, and the instructor had a very pleasing, easy to follow voice.
Christopher Hole
(Director of Internal Audit at Roseburg Forest Products)
Nice overview of the International ACH process, including its history and governing organization.
Anonymous
(Executive Director, Corporate Controller)
This course provides a very good overview of how ACH works and what happens in the background.
Anonymous
(-)
This is a good overview of ACH. Good content in a condensed course. Thanks.
Ara Toroyan
(Director - Financial Planning & Proc.. at NCCI Holdings, Inc.)
Nice solid class on IAT. Good speaker and topic is well covered.
Anonymous
(Director Financial Reporting)
Great course. PDF is great for a review tool before final exam.
Anonymous
(Senior Sourcing Manager)
Good Coverage on topic. Easy to understand and follow.
Joseph Allard
(Finance Representative at Caterpillar)
Great course for Global Cash Management Teams!
Leonard Sloane
(Chief Operating Officer at New York Mobile Satellite, LLC)
Great course and content on International ACH
Nancy Moreland
(Principal at N. L. Moreland)
nice summary, not too much jargon
Anonymous
(Head of Finance)
i simply like the course
Anonymous
(Director, Operational Risk Management)
Good overview of IACH
Anonymous
(CFO)
Informative course
Terri Salazar-Rodriguez
(None at None)
Very informative.
Anonymous
(Senior Director & Controller, Financ..)
great lecture
Prerequisites
Course Complexity: Advanced
Prerequisite: Previous experience in corporate finance
Advanced Preparation: None
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Course Questions and Answers(2 Questions)
Jane HennessyChief Compliance Officer
About Illumeo
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- Email: info@illumeo.com
- Phone: 408-400-3993
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How is the FX rate determined in a transaction, or batch of transactions that involve(s) FX conversion?
Bill,
It is usually the sending bank that determines the FX rate. There may be some instances when other parties are involved (I believe in some cases the Fed uses a bank it selects to set the FX rate for banks utilizing their Global ACH service)....or in rare circumstances the receiving bank may set the rate. It most commonly is the sending bank that the corporate has a contract with to send transactions - rate based on customer profile, amount being sent etc.
Jane