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Each day the RDFI and ODFI perform special ACH payment exception processing duties - these duties paired with each of their responsibilities, obligations and warranties will be the focus of this 1-Day (3-Part Series) webinar. So what is an exception and how do you protect your bank and remain compliant with the ACH Rules. Join us to review all of the exceptions, from returns to notifications of changes to DNE and more. The speaker will also discuss the Prenote Rules and how same day ACH affects Prenote Entries. Included will be the new Rules on Reinitiation and the formats for these Entries; and the Reversal Entry Process with details Return Reason Codes
to be used. Each of the three sessions will cover a different set of processes based on flow of transaction and participant involved. Be sure to attend all three (90-minute) sessions to get the full effect of how each participant in the network have different obligations, warranties and responsibilities for each one of these processes. The trainer during each session will outline what you need to know to help ensure you're in compliance with the NACHA Operating Rules.
Key Learning Objectives- Identify the responsibilities for the RDFI accepting ACH entries and their right to return
- Outline the obligations of the ODFI/Originator when initiating prenote entries
- Define the warranties of the RDFI when sending NOCs
- Describe the new rules, details and return reason codes relating to reinitiation of entries by the ODFI
- List the process, timeframes and RDFI warranties when transmitting extended returns
- Illustrate the new rules process relative to reversal entries, including the return reason codes being used for this process
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 | Donna K Olheiser
Donna, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is a Certified Master Trainer with over 14 years' training experience. She has over 24 years of experience in the financial services industry which includes 9 years' experience as the education service director at a Regional Payments Association (RPA). | |
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