Accredited Automated Clearing House Professional
A professional accreditation awarded to individuals who are experts in electronic payments.
Accredited Automated Clearing House Professional Details
Accredited House Professionals have experience breaking down automated clearing house laws and regulations, managing automated clearing house day-to-day activities, marketing automated clearing house products and services, and coming up with automated clearing house products. Examiners, financial entities, and other ACH partners highly value the Accredited Automated Clearing House Professional (AAP) accreditation.
Any professional in the payments sector is eligible for accreditation. If you have adequate experience working with an automated clearing house, you will enrich your resume by adding this highly honored accreditation. For newbies in the field, you will gain an upper advantage over the rivals. NACHA recommends a minimum of two years’ service in the payments sector before enrolling for the exam.
AAPs have a rich knowledge base that adds value to institutions. Organizations with AAP certified staff boast of the expertise needed to propel the business forward by improving payment services and preparing payment strategies. AAPs can also ensure maximum profits in organizations, reduce fraud and risks, and fast-track operations. As an AAP, the entire payment industry will recognize you as an expert in the subject-matter, a professional “to-go-to” in your institution, and someone who has beaten the odds to emerge as a guru in the career.
Real-World Example of Accredited Automated Clearing House Professional
The AAP exam comprises 120 multiple-choice questions, where applicants get three hours to complete. Of the questions, 20 are pilot questions. There is usually no scoring for pilot questions. The topics tested on the exam include:
- Overall payments overviews, like the comparative payments systems and automated clearing house Network.
- Automated clearing house laws and regulations, including federal and state regulations, Nacha Operating Rules, and government payments.
- Technical standards and formats.
- Risk Management.
- Operational procedure and flow, like receipt and origination, exception processing, and settlement.
Applicants must register with NACHA to sit for the exam. NACHA works hand in hand with PSI to take advantage of its computer-based testing resources around the country, offering a wide choice of exam time and place. Upon registration, candidates receive guidelines on selecting their exam dates and proctor, location, and time.
Before attempting the AAP exam, you must prepare adequately to pass. A passing grade will offer you the right to use AAP alongside your name. The National Automated Clearing House Association (NACHA) regards this as a “Gold Standard in Payments Accreditation.” If you pass your exam, The AAP certification is valid for five years.
Significance of Accredited Automated Clearing House Professional
Having AAP-certified personnel is essential for a financial organization to showcase compliance with rules and regulations. Hiring an individual with an AAP certificate also shows that your organization is committed to managing risk and complying with all electronic payment practices. With the rapid changes in the automated clearing house Network’s rules and regulations that touch on entire financial bodies, having a Certified Automated Clearing House Professional (AAP) among your staff is ideal for traversing the accounting world.