Track: Canadian Content

From Both Sides of the Border: ACH International Payments to Canada and Future Expectations

Monday, October 20, 2008
10:30 a.m. - 12:00 p.m.
Room: 409 AB

This session will provide practical tips for cross-border ACH payments to Canada. Hear about future industry expectations for cross-border ACH payments, and in particular, expected changes for U.S.-Canadian cross-border ACH payments. Ensure that your organization is ready to embrace the benefits of enhanced NACHA IAT format for cross-border payments in March 2009.

Speakers:

• Robert Williams, CTP, AAP
  Project Manager, Retail Payments Office
  Federal Reserve System

• Scott A. Bain
  Chief Financial Officer
  Quality Metalcraft Inc.

• Beth Bailey
  Vice President, Cash Management and Payment Services
  Scotiabank

• Daniel J. McCarty
  Senior Vice President, Treasury Management Services
  Comerica Bank

Objectives

• Describe the United States and Canada payments landscape
• Identify documentation requirements for originating cross-border recurring debits
• Identify specific processing needs and legal requirements involved in sending ACH payments to Canada, outlining variations from U.S. ACH payment
• Discuss future potential for ACH payments inbound into the United States and changes to the Canadian ACH format

Pre-Requisites

• High level understanding of the ACH payment systems for U.S. and for Canada

Take-Aways

• Summary of industry cross-border ACH payment survey results
• Outline and key benefits of NACHA IAT formats

CPA Field of Study: MAS