Understanding International ACH Transaction

Why Should You Attend:

There are many ways of making payments internationally. International ACH is one that is often not understood but can be very advantageous for efficiently and cost-effectively making payments to other countries.

This webinar will explain what International ACH is, how it works and more about a new organization that is creating global standards to make it even easier. It will discuss the rationale for choosing International ACH and how it differs from US domestic ACH.

Areas Covered in the Webinar:

• International ACH – what is it?
• Customer benefits and value proposition
• Payment types
• When to use International ACH vs. wires
• How it works – process flow
• Differences between US ACH and International ACH
• International Payments Framework Association (IPFA) – what is it and how does it address International ACH issues.

Who Will Benefit:

• Payments professionals in companies and financial institutions
• Corporate treasury personnel
• Government regulators
• Technology providers of payment platforms
• Organizations that insure compliance with respect to payments

Jane Hennessy
International Banking and Payments Consultant, Oak Financial, Traxpay, Independent Consultant

Jane Hennessy, worked at Wells Fargo for nearly 22 years where she was an Executive Vice President, International Group, until May 2012. Ms. Hennessy was the head of strategy and information management, marketing, cross-sell, and International Personal Banking. She also managed product management/ product development, alliances, and three significant bank mergers for the International Group. Prior to joining the International Group, she was a group personnel manager in Wholesale Banking.

She is a member of the Board of Directors of Oak Financial Software Corp. which is a start-up focused on financial services for the Latino segment. She is a member of the Traxpay Corporate Banking Advisory Board and a consultant specializing in international banking and payments.

She has an M.S. in psychology and a B.S. in mathematics from Michigan State University, and an M.B.A. from Santa Clara University in California. She is the past Chair of the Global Payments Forum, and Founding Co-Chair of the International Payments Framework LLC. Jane served on the West Coast Advisory Board for the Institute of International Education.

She has spoken extensively at conferences and seminars on wide variety of banking and technology topics, ranging as examples, from “Changes in Payment Trends – A Regional Perspective” in Beijing to “Driving Trusted Federation” in London. She also conducts training on business etiquette, communication skills and time management.

Topic Background:

Many organizations – large businesses, small businesses, non-profits and governmental agencies – have a need to make payments to organizations in other countries and that need is increasing as more companies do business globally. Today they may only be aware of methods which are expensive (such as wires) or those which may take a long time for the recipient to have access to the funds (such as checks). There is a viable alternative for payments to a number of countries which is both cost effective and predictable. You could save significant amounts of money by utilizing International ACH.

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