The payments ecosystem now has its first group of credentialed experts who can effectively help manage payments risk for organizations that provide payment services, as well as businesses and other end users that use those services.
SAN DIEGO (PRWEB) May 01, 2018
NACHA—The Electronic Payments Association® announced it has awarded the new Accredited Payments Risk Professional credential to 204 recipients who passed the inaugural APRP exam administered in March.
The credential signifies risk management expertise across payment methods, including ACH, check, wire, debit, credit and prepaid cards, and emerging and alternative payments.
“It is our honor to congratulate each newly minted APRP for passing a rigorous exam by demonstrating a critical understanding of risk management across all payment types,” said Jane Larimer, chief operating officer at NACHA. “We are gratified by the overwhelmingly positive response from the payments industry in recognizing the importance of a credential that highlights individuals with comprehensive risk management expertise.
“The payments ecosystem now has its first group of credentialed experts who can effectively help manage payments risk for organizations that provide payment services, as well as businesses and other end users that use those services,” Larimer said.
Launched in October 2017, the APRP is designed to allow payments industry participants to demonstrate a comprehensive knowledge of risk management strategies, concepts, and mitigation techniques within the payments ecosystem.
Building on the success of the Accredited ACH Professional (AAP) program – of which more than 4,500 professionals currently hold the credential – NACHA has worked in conjunction with its 11 Regional Payments Association members and other financial services organizations in a cross-industry effort to develop the APRP program.
The new APRPs were recognized at an AAP & APRP Reception during PAYMENTS 2018, the industry’s premier event for payments system stakeholders, in San Diego. The conference concludes on May 2.
To be awarded the APRP credential, individuals must pass a comprehensive exam administered by NACHA. The exam tests an individual’s knowledge of subjects including the fundamentals of payments risk management, payments systems, payments risk policy and governance, payments risk management systems and controls, physical and information security, and the regulatory environment.
Those considering the next exam window in July 2019 should contact their RPA to learn more about training opportunities to help them prepare. Visit regionalpaymentsassociations.org.
To complement training and exam prep offered by the RPAs, APRP prep courses have been incorporated into the curriculum of The Payments Institute (TPI), which will take place July 22-25 in Atlanta. TPI is a university-style program that provides intensive course work aimed at helping professionals achieve a higher understanding of payment systems. Registration is available here.
For more information about the APRP program, visit nacha.org/aprp. Registration for the 2019 APRP exam will open in late summer.
NACHA—The Electronic Payments Association
NACHA—The Electronic Payments Association is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U.S. and across geographies. Through development of rules, standards, governance, education, advocacy, and in support of innovation, NACHA’s efforts benefit the providers and users of those systems. NACHA leads groups focused on API standardization, authors the Quest Operating Rules for EBT and is also the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2017, there was a total of nearly 26 billion ACH transactions. Of these, 21.5 billion ACH payments valued at $47 trillion moved across the ACH Network, and more than 4 billion were on-us transactions within financial institutions. Visit nacha.org for more information, and connect with us on LinkedIn, Twitter, Facebook and YouTube.