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12.30.11
The
National Check Payments Certification Program is intended, in part,
to recognize an elevated level of payments acumen among payment
professionals.
Since 2005, the check payment system
has undergone sweeping changes unlike anything previously seen in
U.S. payments history. The processing of paper checks is now truly
de minimis and the check system has only a small transition left to
become a fully electronic payment system. According to the 2010
Federal Reserve Payments Study, during 2009 approximately 3% of
checks were cleared as paper transactions. This means 97
percent of forward collection is now accomplished using image
exchange and other electronic
methods.
Through the certification process, National Check Professionals (NCPs) will demonstrate a working knowledge of every significant aspect of the new check payment system including products and operations, relevant rules and laws that govern checks, industry standards and fraud and risk mitigation considerations. Additionally, NCPs will explore those characteristics of check payments that make checks unique among payments and that continue to provide lasting value for tens of billions of payments each year valued at tens of trillions of dollars.
For more information, please visit: http://www.eccho.org/ncpc
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