ACH Exception Processing

Date	Nov 29, 2017
Time	02:30 PM EDT
Cost	$200.00
Online

This session on exception item processing covers: RDFI responsibilities, excused delay, stop payments, written statements of unauthorized debit, reversals, recalls, rejects, and more! We delve into the differences between administrative and extended returns, the applicable time frames, responsibilities, warranties, risks, and limitations. Attendees gain an in-depth understanding of return time frames beyond standard two-day returns including documents required for extended returns.

Objectives of the Presentation

• Identify types of return reason codes (Administrative, Unauthorized, & Overall)
• Identify restrictions of return reason codes based on SEC codes
• Identify which return reason codes are used by participants
• Understand the return time frames
• Identify which entries qualify for extended return time frame
• Understand responsibility of DFI to provide requested documentation
• Understand when and who initiates reversals
• Identify reversal time frame

Why Should you Attend
Exception item processing is one of the largest potential areas for loss in financial institutions. With 70 return reason codes to choose from, understanding the requirements of exception item processing under the NACHA operating rules is critical to your institution.

Areas Covered

• Return reason codes
• Return time frames
• DFI responsibilities
• Required documentation
• Record retention

"If you need any assistance in registering this webinars please contact amardeep.b@onlinecompliancepanel.com or (510) 857 – 5789. We will be glad to help you."