Accredited Automated Clearing House Professional - AAP

Filed Under » , ,
Dictionary Says

Definition of 'Accredited Automated Clearing House Professional - AAP'

A professional designation awarded by NACHA (The Electronic Payments Association) to individuals who are experts in electronic payments. Successful applicants earn the right to use the AAP designation with their names for five years, which can improve job opportunities, professional reputation and pay. Every five years, AAP professionals must complete 60 hours of continuing education or successfully retest in order to continue using the designation.
Investopedia Says

Investopedia explains 'Accredited Automated Clearing House Professional - AAP'

To pass the AAP exam, applicants should understand ACH rules and regulations, operational requirements, ACH products and applications, the electronic payments cycle, risk management, marketing ACH services, providing ACH-related customer service and more. It is also helpful to have at least two years of professional experience working with ACH payments. Individuals with the AAP designation may work for financial institutions such as banks and credit unions as well as federal or state government entities that process electronic payments.

Articles Of Interest

  1.

    The Evolution Of Banking

    Banks are a part of ancient history. Find out how this system of money management developed into what we know today.

  2. The Gold Standard Revisited

    Think the value of gold is unshakable? Read this chronicle of its rise and fall.

  3. Your First Checking Account

    This owner's manual will show you what to expect from your bank.

  4. Choose To Beat The Bank

    From internet banking to credit unions, it's in your power to cut fees and maximize service.

  5. Cut Your Bank Fees

    Find out how to get the bank to pay you for using their services, not the other way around.

  6. What Was The Glass-Steagall Act?

    Established in 1933 and repealed in 1999, the Glass-Steagall Act had good intentions but mixed results.

  7. CFP, CLU Or ChFC - Which Is Best?

    The designation you choose will depend on which areas of financial planning you want as your focus.

  8. Be A Financial Planner From Home

    Now may be a good time to explore the possibility of working as a finanical planner from your home.

  9. Inside The e-PRO® Real Estate Certification

    The e-PRO® curriculum focuses on the most recent developments in real estate technology. Here's everything you need to know about it.

  10. Top 10 Cities For A Career In Finance

    Moving to one of these financial hot-spot destinations could set your career in motion.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  2. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  3. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  4. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  5. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.

  6. Chartalism

    A non-mainstream theory of money that emphasizes the impact of government policies and activities on the value of money.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=fff853f004a990ed375957146cf517f8