NOTICE NCP, THE NCP LOGO, AND THE NCP PROGRAM ARE TRADEMARKS OR REGISTERED TRADEMARKS OF THE ELECTRONIC CHECK CLEARING HOUSE ORGANIZATION.

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2 This document provides a simple cross reference of the main topics found in the 2018 NCP Core Training sessions and related details in the 2018 Program Reference and Examination Prep (P.R.E.P.) Guide. Where appropriate, links to additional materials are included. It is recommended that all NCP Class Instructors and exam candidates review the entire P.R.E.P. Guide with attention to the sections referenced in this document. NOTICE NCP, THE NCP LOGO, AND THE NCP PROGRAM ARE TRADEMARKS OR REGISTERED TRADEMARKS OF THE ELECTRONIC CHECK CLEARING HOUSE ORGANIZATION. ECCHO AND THE ECCHO LOGO ARE REGISTERED TRADEMARKS OF THE ELECTRONIC CHECK CLEARING HOUSE ORGANIZATION. Questions? Contact: NCP Connection ncpc@eccho.org Or call: Toll Free: For information on the NCP Exam, visit the ECCHO website at: These materials may not be reproduced or published, in whole or in part, without the express permission of ECCHO. Copyright 2017 by the Electronic Check Clearing House Organization

3 1 Check Fundamentals & Check Processing 1. General check payments definitions 2. Parties to the check 3. MICR Line; Routing Number (RT); Fractional Form 4. Settlement & Float 5. Need for Rules Rules and Regs Overview 1. Exhibit 15: Glossary of Terms 2. C.2. Check Payments Parts and Parties to the Check 3. C C.4. Item Processing Overview; J.3. Settlement, Reconciliation & Float Management 5. E. Rules and Agreements; Ref s: White paper Need for rules 2 Regulations: Uniform Commercial Code 1. Warranty & Indemnity in Payments 2. Negotiable Instrument and the Check 3. General Provisions 4. Transfer & Presentment Warranties 5. Finality of Payment 1. E. Rules & Agreements; G. Warranties & Indemnification; Ref s: White paper Need for rules 2. C.1. Check Payments What is a Check; F. 2. Regulatory Environment UCC 3. F Exhibits Exhibit 15: Glossary of Terms 3

4 3 Regulations: Regulation CC* 1. Reg CC Overview 2. Definitions 3. Funds Availability 4. Indorsements 5. Returns - Paying & Depositary Bank responsibilities 6. Warranties 7. Check 21 - Substitute check 1. F. 3. Regulatory Environment: Reg CC 2. F. 3. See Subpart A; Exhibit 15: Glossary of Terms 3. F. 3. See Subpart B 4. F. 3. See Subpart C 5. F. 3. See Subpart C 6. F. 3. See Subpart C; Exhibit 5 Exhibit 8 7. F. 3. See Subpart D *Updates to Regulation CC (eff. July 2018) are not in effect for this 2018 exam window and therefore not addressed in 2018 training or 2018 NCP Exam. See P.R.E.P. Guide, Exhibit 16 for highlights of the final rule. 4 Standards and Formats 1. X (IRD Standard) 2. X (MICR Standard) 3. X (Image Standard) 4. Universal Companion Document (UCD) 5. X : Select Record Formats: Forward Presentment (20- series record types) Returns (30-series record types) 1. K. 2. Standards Commonly Used Check Standards 2. K K K. 5. Technical Reports X9 TR K. 6. Electronic Indorsements; Supplemental Doc 4.1: X ; File Example Record Types 4

5 5 Image Exchange: Rules and Agreements Part I 1. Rules and Agreements & ECCHO Rules Overview 2. Clearinghouse Rules 3. Forward Presentment & Warranties 4. Returns & Warranties 5. Adjustments and Matrix 6. Rule 8 and Rule 9 7. Exchange of Images of Canadian Items 1. E. 2. Rules And Agreements ECCHO Operating Rules and Commentary 2. H. 2. Image Exchange: Private Sector & Fed: ECCHO Rules Key Provisions 3. H H H H H Image Exchange: Rules and Agreements Part II 1. Rules and Agreements & Fed OC3 Overview 2. Items Fed Does Not Handle 3. Electronic Access 4. Cash Letter Processes 5. Presentment 6. Returned Checks 7. Fed-ECCHO Rules Comparison 1. E. 3. Rules And Agreements Federal Reserve OC 3 2. H. 3. Image Exchange: Private Sector & Fed: Federal Reserve Rules OC3 & Reg J 3. H H H H H. 1. General Comparison; H. 4. Image Exchange Rules Key Differences 5

6 7 Image Exchange: Processes 1. Image Exchange Trends 2. Check Processing Definitions 3. Day 1 Processes 4. Day 2 Processes 5. Image Returns / Return Reasons 6. Electronic Records J. 1. Check Operations Overview; Exhibit 15: Glossary of Terms 3. J. 6. Check Operations Day 1 - Image Exchange Process 4. J. 8. Day 2 Exceptions Image Process 5. L. Exceptions: Returns and Return Reason Codes 6. K. 6. Standards Electronic Indorsements 8 Exceptions Returns and Adjustments 1. Returns vs Adjustments 2. Types of Image Returns 3. Reasons for Return 4. Common Adjustment Types 5. ECCHO Adjustments 6. FRB Adjustments 1. J. 6. Check Operations Day 1 - Image Exchange Process; L. Exceptions: Returns and Return Reason Codes 2. L. 4. Types of Returns 3. L. 5. Identification of Type of Return; Exhibit 9 Return Reason Codes" 4. Exhibit 11 ECCHO Adjustment Matrix; FRB Adjustments: justments/quick_reference_guide.html 5. H. 2. Image Exchange: Private Sector and Federal Reserve ECCHO Rules 6. H. 3. Federal Reserve Rules 6

7 9 Check Products 1. Types of Checks 2. Cashiers Checks and Declaration of Loss 3. Check Products 4. Remote Deposit Capture (RDC) 5. ACH Check Conversion 6. Cash Management Products 1. M. 2. Check Products Types of Checks 2. M M M. 3. Remote Deposit Capture (RDC) 5. M. 4. Check Conversion 6. M. 5. Cash Management Products 10 Fraud, Risk and Risk Mitigation Part I 1. Latest Fraud Studies 2. Fraud Preventive Measures 3. Types of Fraud 4. RDC Risk Management 5. FFIEC and Remote Deposit Capture 1. I. 1. Fraud and Risk Fraud 2. I I I. 3. Regulations, Guidance and Compliance 5. I. 4. Remote Deposit Capture (RDC) and FFIEC Guidance 11 Fraud, Risk and Risk Mitigation Part II 1. FFIEC Guidance 2. IT Examination Handbook 3. Retail Payments Risk 4. Business Continuity Planning 1. I. 3. Fraud and Risk Regulations, Guidance and Compliance 2. I.3.; 3. I I. 3. Exhibit 15: Glossary of Terms 7

8 Links to all current NCP Exam reference materials may be found on the ECCHO/NCP webpage at: For more information, visit the ECCHO website at: These materials may not be reproduced or published, in whole or in part, without the express permission of ECCHO. Copyright 2017 by the Electronic Check Clearing House Organization

9 Copyright 2017 by the Electronic Check Clearing House Organization