HERNDON, Va., Feb. 13, 2018 – In honor of National AAP Recognition Day, Nacha—The Electronic Payments Association® will recognize 311 newly credentialed Accredited ACH Professionals who passed the 2017 AAP exam, as well as the more than 4,500 professionals who currently hold the credential.
What is an Accredited ACH Professional?
Accredited ACH Professionals (AAPs) are an elite group of highly-skilled payments professionals nationally recognized for their electronic payments expertise, particularly within the field of Automated Clearing House (ACH) payments. AAPs are especially versed in managing ACH operations, interpreting ACH Rules and regulations,...
What does AAP stand for in Ach?
Accredited ACH Professional (AAP) What is an AAP? Accredited ACH Professionals (AAPs) are an elite group of highly-skilled payments professionals nationally recognized for their electronic payments expertise, particularly within the field of Automated Clearing House (ACH) payments.
Why earn your AAP accreditation?
Earn your AAP accreditation and set yourself apart while giving you and your organization the competitive edge! The Accredited ACH Professional (AAP) exam is designed to elevate your knowledge and understanding of the intricacies of the ACH payment channel.
How do I maintain my ACH Professional status?
As an Accredited ACH Professional, you’re required to maintain your status by earning 60 Continuing Education credits within the five-year accreditation period, with no more than 20 credits completed per year. Many of NEACH's webinars, workshops, on-demands, and Conferences are eligible for AAP continuing education credits.
How much do Accredited ACH professionals make?
Accredited ACH Professional (AAP) Jobs by SalaryJob TitleRangeAverageElectronic Banking ManagerRange:$32k - $97kAverage:$53,000Operations ManagerRange:$64k - $102kAverage:$87,944Operations Manager, BankingRange:$48k - $110kAverage:$65,000Operations SupervisorRange:$0 - $0 (Estimated *)Average:$67,9883 more rows•Jul 1, 2022
What is accredited ACH professional?
Accredited ACH Professionals (AAPs) are an elite group of highly-skilled payments professionals nationally recognized for their electronic payments expertise, particularly within the field of Automated Clearing House (ACH) payments.
What is an AAP professional?
An Accredited ACH Professional (AAP) is an individual who has comprehensive knowledge of all areas of ACH, a deep understanding of and experience in one or more specific ACH subjects, and a broad knowledge of concepts that relate to the payments system as a whole.
What is Nacha certification?
Nacha Certified is a voluntary accreditation program. All Third-Party Senders that have been in payments processing for at least two years are eligible to become Nacha Certified. You'll have to show Nacha that you are meeting certification standards that signal strong core practices and corporate governance.
What is a AAP certification?
An accredited automated clearing house professional (AAP) is a professional designation awarded by Nacha, previously called the National Automated Clearinghouse Association, to individuals who are experts in electronic payments.
How can I pass AAP exam?
6 Cramming Tips for the AAP ExamGet the AAP Flashcards (Made by EPCOR) ... Use the AAP Handbook. ... Get ACHPro. ... Reach Out to your Regional Payments Association. ... Manage Webinar Time Wisely. ... Stop Reading the Big Books.
Who oversees Nacha?
Jane Larimer, President and CEO. Jane Larimer is President and CEO of Nacha, which governs the modern ACH Network, the payment system that quickly and safely moved more than 29 billion payments in 2021.
What is ACH payment type?
ACH payments are a form of electronic bank transaction made using a network called an Automated Clearing House (ACH). Technically, the ACH network is a system of computers that communicate with each other to make and receive payments.
What does AHC stand for in banking?
Because it's an automated clearing house, the post office will use AHC to send money from their account to wherever the payee is.
Who are members of Nacha?
Citibank N.A. Discover Financial Services, Inc. J.P. Morgan Chase & Co. MUFG Union Bank N.A.
Is Nacha a government agency?
Nacha. Financial institutions that participate in ACH follow operating rules developed by Nacha, formerly known as NACHA – the Electronic Payments Association (Nacha), to transfer funds electronically. Nacha is not a government agency.
When did Nacha become Nacha?
1974By 1974, the American Bankers Association had centralized all of those regional groups under a national sub-division that they named NACHA.
What does AHC stand for in banking?
Because it's an automated clearing house, the post office will use AHC to send money from their account to wherever the payee is.
What is ACH payment type?
ACH payments are a form of electronic bank transaction made using a network called an Automated Clearing House (ACH). Technically, the ACH network is a system of computers that communicate with each other to make and receive payments.
Who oversees Nacha?
Jane Larimer, President and CEO. Jane Larimer is President and CEO of Nacha, which governs the modern ACH Network, the payment system that quickly and safely moved more than 29 billion payments in 2021.
How many credits are required for AAP?
An AAP must earn 60 approved continuing education credits, with no more than 20 credits earned in any one year , during the five-year accreditation period. AAPs also have the option to retest during the fourth or fifth year. The majority of EPCOR's educational offerings are eligible for AAP continuing education credits.
What is an AAP?
Accredited ACH Professionals (AAPs) are an elite group of highly-skilled payments professionals nationally recognized for their electronic payments expertise, particularly within the field of Automated Clearing House (ACH) payments. AAPs are especially versed in managing ACH operations, interpreting ACH Rules and regulations, developing ACH products, selling ACH products and services and more. Financial institution examiners and other users of the ACH Network accept the AAP certification as a mark identifying individuals who are dedicated to and serious about their profession.
Why should you become an AAP?
Having an AAP on staff enables organizations with the expertise needed to plan payments strategies and manage payments services , an essential role in day-to-day operations. AAPs can also help organizations mitigate loss, risk and fraud and increase operational processes. As an AAP, you will be recognized throughout the payments industry as a subject-matter expert, as the "go-to" payments professional within your organization and as an individual who has gone the extra mile to become an expert in the field.
When will the AAP be updated?
Anyone interested in pursuing the AAP designation should check back in January 2022 for a program update.
What is AAP exam?
The Accredited ACH Professional (AAP) exam is designed to elevate your knowledge and understanding of the intricacies of the ACH payment channel. Passing this exam sets you apart as a well-rounded payments professional and the go-to internal resource!
What is AAP certification?
The Accredited ACH Professional (AAP) accreditation affirms professional competence and subject area expertise for practitioners of Automated Clearing House (ACH) payments. The program is administered through Nacha. Financial institution examiners and other users of the ACH Network accept the AAP credential as identifying those individuals who are highly skilled in their profession. It is recommended that someone has a minimum of two years experience working in the payments industry before taking the AAP exam.
How many questions are asked on the AAP exam?
The AAP exam consists of 120 multiple-choice questions, which you are allowed three hours to complete. Twenty of those questions are pilot questions, meaning they won't be scored. The topics included on the exam are:
Why do processors need AAPs?
Similarly, solution providers and processors need qualified AAPs in order to ensure that they are complying with FIs and business clients. Once you have your accreditation, you'll find that you are in high demand as the "go-to" person for all things ACH.
Why is it important to be an AAP?
As an individual, your accreditation demonstrates to your employer that you are committed to the profession, which can provide opportunities for personal career growth. It also helps your organization, since regulators and examiners regularly look at financial institutions’ AAP employees as a sign that the financial institution is committed to risk management and regulation compliance.
What is an AAP in ACH?
Your accreditation as an ACH Professional both propels your business forward and provides you with recognition throughout the payments industry. An Accredited ACH Professional (AAP) is an individual who has comprehensive knowledge of all areas of ACH, a deep understanding of and experience in one or more specific ACH subjects, and a broad knowledge of concepts that relate to the payments system as a whole.
How many credits do you need to be an AAP?
Maintain Your AAP Accreditation. As an Accredited ACH Professional, you’re required to maintain your status by earning 60 Continuing Education credits within the five-year accreditation period, with no more than 20 credits completed per year.
Why do financial institutions have AAPs?
Often, regulators recognize a financial institution with AAPs on staff as a sign that the institution is committed to risk management and regulatory compliance.
Why is it important to have an AAP?
As an individual, your accreditation demonstrates to your employer that you’re committed to the profession, which can provide opportunities for personal career growth. It also helps your company, since financial regulators and examiners regularly look at the number of AAPs on staff. Often, regulators recognize a financial institution with AAPs on staff as a sign that the institution is committed to risk management and regulatory compliance.
Why is Nacha accreditation important?
Nacha and ECCHO have established standards and rules for operations and accreditation acts as an external stamp of approval that you follow industry standards and best practices. When you become accredited you demonstrate expertise in a particular area and commit to participating in on-going education to continuously improve your skills, increasing your marketability and benefiting your employer. NEACH hosts test preparation programs to help you master the exams as well as professional development sessions eligible for continuing education credits.
What is an AAP certification?
As an Accredited ACH Professional (AAP), you’ll be recognized for your electronic payments expertise. Accreditation provides you with a competitive edge in the business and financial arenas, since AAP certification means you’re a payments subject-matter expert. Since its inception in 1993, the AAP Program has recognized over 4,000+ ACH professionals. The annual exam window takes place every October.
What is an APRP?
As an Accredited Payments Risk Professional (APRP) you'll be recognized for your exceptional payments systems risk expertise. Accreditation provides you with a wide array of benefits both professionally and in personal career growth.
