DEFINITION of 'Accredited Automated Clearing House Professional - AAP'

Accredited Automated Clearing House Professional (AAP) is 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.

BREAKING DOWN 'Accredited Automated Clearing House Professional - AAP'

To pass the Accredited Automated Clearing House Professional (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.

NACHA serves a dual mandate. Firstly, it administers the ACH Network, which most readers will know from Direct Deposits and Direct Payments occurring as ACH transactions. Secondly, NACHA serving as a not-for-profit association supporting the broad payments industry. As stewards of one of the world's largest electronic payment systems, NACHA's influence continues to grow. The Automated Clearing House Network, ACH, moves more than $41 trillion and 24 billion electronic financial transactions annually.

To address the growing threat of cybersecurity, NACHA's newest designation, Accredited Payments Risk Professional (APRP), recognizes professionals for their exceptional payments systems risk expertise. To earn the APRP designation, individuals must demonstrate a comprehensive knowledge of risk management strategies, concepts, and mitigation techniques within the payments ecosystem.

RELATED TERMS
  1. NACHA

    NACHA is a non-profit association that oversees the Automated ...
  2. Automated Clearing House - ACH

    An automated clearing house (ACH) is an electronic funds-transfer ...
  3. Clearing House Funds

    Clearing House Funds is money that passes between Federal Reserve ...
  4. Night Cycle

    An option created in 1979 to process Automated Clearing House ...
  5. Accredited Investor

    Accredited investor has the financial sophistication and capacity ...
  6. Finality Of Payment

    Finality of payment refers to when a payment to another party ...
Related Articles
  1. Managing Wealth

    How to become an accredited investor

    Accredited investors have more opportunities that non-accredited investors but, surprisingly, there is no set process for becoming one.
  2. Retirement

    Designations No Retirement Planner Should Be Without

    Advance your career and gain clientele by adding a few choice certifications.
  3. Tech

    Is the Payment Processing Industry Evolving? (PYPL, TGT)

    Learn about the many changes in commerce and payment systems that are happening in the rapidly evolving payment processing industry.
  4. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  5. Financial Advisor

    Designations For The Buy Side

    For those interested in picking securities and financial planning, these certifications could be just what your buy-side financial career needs.
  6. Personal Finance

    Getting Accredited For A Career In Credit Analysis

    We go through the education and certifications you need to join this growing field.
  7. Financial Advisor

    Should Financial Advisors Pursue the CFA?

    There is a certain prestige that comes with obtaining your CFA, but is it needed?
  8. Personal Finance

    Automating Your Bill Payments

    Automation can be a painless (and free) way to remove the stress of bill scheduling from your life - if you do it right.
  9. Small Business

    What Affirmative Action Means for Businesses

    Learn what affirmative action may mean for your business. Find out how an affirmative action plan (AAP) is enforced by the federal government.
RELATED FAQS
  1. What's the difference between cash-on-delivery differ and delivery against payment?

    Find out more about cash on delivery and delivery versus payment transactions and the difference between these two types ... Read Answer >>
  2. What is the difference between portfolio management and financial planning?

    Understand the difference between financial planning and portfolio management, and learn which financial professionals can ... Read Answer >>
  3. If I already hold a professional certification am I eligible for any exemptions from ...

    No. To obtain a CFA designation, you must complete all levels of the CFA program regardless of whether you hold a professional ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A yield curve is a line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but ...
  2. Portfolio

    A portfolio is a grouping of financial assets such as stocks, bonds and cash equivalents, also their mutual, exchange-traded ...
  3. Gross Profit

    Gross profit is the profit a company makes after deducting the costs of making and selling its products, or the costs of ...
  4. Diversification

    Diversification is the strategy of investing in a variety of securities in order to lower the risk involved with putting ...
  5. Intrinsic Value

    Intrinsic value is the perceived or calculated value of a company, including tangible and intangible factors, and may differ ...
  6. Current Assets

    Current assets is a balance sheet item that represents the value of all assets that can reasonably expected to be converted ...
Trading Center