ACH exception processing can be confusing, with many exceptions to the rules and details to remember for returns and Notifications of Change (NOCs). This 90-minute webinar simplifies the ACH return process, laying out the rules and using examples and scenarios to show how it works.
You'll review the most common return reason codes, timeframes for general, extended, dishonored and contested dishonored returns, and the paperwork needed for certain returns. The session explains stop payments on consumer and corporate accounts, unauthorized entries and the WSUD, and the NOC (COR entry) process for the RDFI, ODFI and Originator.
WHY SHOULD YOU ATTEND?
Questions like which return reason code to use, which form a return needs, and how long the return window is cause daily frustration in ACH operations. This session answers them clearly so you can process exceptions correctly and on time.
It suits ACH operations staff and managers, compliance staff, operations staff and banking staff.
AREA COVERED
- Common ACH return reason codes
- Timeframes for general, extended, dishonored and contested dishonored returns
- Paperwork needed for certain types of returns
- Stop payments for consumer and corporate accounts
- Unauthorized entries: timeframes, the WSUD and scenarios
- The Notification of Change (COR entry) process for the RDFI, ODFI and Originator
LEARNING OBJECTIVES
- List the most common ACH return reason codes
- Identify the paperwork needed for stop payments, revoked authorizations and unauthorized entries
- Define the timeframes for general, extended, dishonored and contested dishonored returns
- Compare the stop payment process for consumer and corporate accounts
- Process Notifications of Change as RDFI, ODFI or Originator
- Use scenarios to apply the ACH return process
WHO WILL BENEFIT?
- ACH Operations Staff
- ACH Manager
- Compliance Staff
- Operations Staff
- Banking staff
Questions like which return reason code to use, which form a return needs, and how long the return window is cause daily frustration in ACH operations. This session answers them clearly so you can process exceptions correctly and on time.
It suits ACH operations staff and managers, compliance staff, operations staff and banking staff.
- Common ACH return reason codes
- Timeframes for general, extended, dishonored and contested dishonored returns
- Paperwork needed for certain types of returns
- Stop payments for consumer and corporate accounts
- Unauthorized entries: timeframes, the WSUD and scenarios
- The Notification of Change (COR entry) process for the RDFI, ODFI and Originator
- List the most common ACH return reason codes
- Identify the paperwork needed for stop payments, revoked authorizations and unauthorized entries
- Define the timeframes for general, extended, dishonored and contested dishonored returns
- Compare the stop payment process for consumer and corporate accounts
- Process Notifications of Change as RDFI, ODFI or Originator
- Use scenarios to apply the ACH return process
- ACH Operations Staff
- ACH Manager
- Compliance Staff
- Operations Staff
- Banking staff