The payments ecosystem is progressing rapidly as fluctuations in global economies, new government mandates, and evolving mobile technologies pave the road for the future of this industry. The related issue of cybersecurity continues to be a hot topic as well, as credit union experts recognize the full importance of providing secure payment environments for their members.
Regulators Are Impressed With Knowledgeable Staff
Financial institutions that can secure staff with a breadth of payments system knowledge and who are recognized as an Accredited ACH Professional or Financial Professional have a significant advantage as they prepare for regular audits.
“Regulators continue to encourage bank managers to hire trained and experienced payments professionals,” says Tony DaSilva, senior examiner at the Federal Reserve Bank of Atlanta.
Finding and participating in a comprehensive program that provides an in-depth understanding of these critical payment topics allows credit union employees to return to the workplace with the knowledge and tools they need to elevate their organization.
Education Is The Key To Staying Ahead Of The Curve
Credit unions that employ professionals who are up-to-date on rules, regulations, and emerging trends have a strategic advantage in tracking and taking on those topics and approaches at the forefront of industry dialogue, as well as building or securing the best payment solutions for their membership’s needs.
The Payments Institute — NACHA’s university-style, adult education program — is positioned to be a valuable resource, offering an intensive curriculum that spans payments laws and regulations.
For more than 25 years, The Payments Institute — being held July 14-17 at the Emory University Conference Center Hotel — has supported the careers of payments professionals, providing holistic payments education along with an opportunity to network with peers who face the same challenges. Because of its reputation in the payment’s industry, becoming a graduate of The Payments Institute (TPI) is a career-elevating move. Recognizing that this is your opportunity to advance your career, TPI invites you to attend. Find out more on our website at https://www.nacha.org/PaymtInstit.
NACHA manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data. The ACH Network provides a safe, secure, and reliable network for direct account-to-account consumer, business, and government payments. As a not-for-profit association, NACHA represents more than 10,000 financial institutions via 17 regional payments associations and direct membership. Through its industry councils and forums, NACHA brings together payments system stakeholders to foster dialogue and innovation to strengthen the ACH Network. To learn more, please visit www.nacha.org, www.electronicpayments.org, www.payitgreen.org, and direct.nacha.org.