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2004 ON-DEMAND: Using More ACH: Initiatives and Implementation

 

Recorded May 4, 2004

Overview

A NACUBO / Treasury Institute for Higher Education Webcast

Institutions of higher education are charged today with doing more with less.  Converting manual processes to automated ones is a proven way of making your operation more efficient and reducing errors as well as driving down your costs.  This is particularly true in the area of payments, whether collecting tuition, ticket sales, and conference fees, or disbursing student refunds.

The University of Colorado has streamlined several of its payment areas by introducing electronic payments using the Automated Clearing House, or ACH, system. This program will look at the various areas where institutions can use ACH payments, either for incoming or outgoing payments, as well as some of the implementation issues that will be encountered.  Special rules pertaining to Internet ACH payments will also be covered, including authorization and security requirements.

What You Will Learn:

• Who does what in the ACH system?
• What will be your responsibilities?
• Potential areas of application for ACH payments
• The rules regarding Internet ACH payments
• The potential impact on your organization of checks converted to ACH

Who Should Participate:

• Cash managers
• Admissions / registration / application process owners
• Bursars
• Retiree benefit coordinators

Meet the Presenter:

Joseph D. Tinucci is Assistant Director of Asset Management, University of Colorado. He manages the banking relationships for the university and serves as an internal consultant for the implementation of best practices in treasury. Joe has long been an active member of the Association of Financial Professionals (AFP), currently serving on the AFP Payments Advisory Group and the Exchange Editorial Advisory Board, as well as president of the Colorado Treasury Management Association. Mr. Tinucci is also an adjunct faculty member at the University of Denver and is the vice chairman of The EC Institute, a national effort to create a certification program in e-commerce.

Fees