Event Details*
Monday, April 03, 2023
Webinar; 1.2 AAP/APRP CEU Eligible
Level: Beginner
Event Registration**
Member Price: $225.00
Non-Member Price: $325.00
Federal government ACH payments are subject to the same rules as private industry ACH payments, but with exceptions. The federal government’s rules are found in the Code of Federal Regulations (31 CFR 210), also known as the Green Book. In January 2021, 6 out of the 9 chapters of the Green Book were updated and there are more updates coming. This session focuses on all the chapters of the green book, including pointing out the updates and how to apply the Green Book to your existing procedures.
Every financial institution that receives government benefit payments agrees to follow 31 CFR Part 210, but have you read it? It is not the easiest read, but the Green Book is another story. The Green Book is the comprehensive manual for financial institution to process federal government payments that were sent via ACH. It consists of 9 Chapters covering everything from enrolling recipients in receiving their benefit payments via ACH and how to handle reclamations. Understanding the entire Green Book and how to apply what it is saying to your processes is the key to limiting your liability.
NEACH has always worked closely with the Bureau of Fiscal Service and has gained some insight on their processing procedures and the common reasons that financial institutions are unable to limit their liability and suffer a financial loss. In this session, the speaker will review all 9 chapters of the Green Book and highlight the updates that occurred in 6 of the chapters. The session will also help the attendees apply what the Green Book states to their everyday operations and procedures to best position them to limit their liability and properly handle benefit payments.
At the conclusion of this session, attendees will be able to:
• Recognize what chapter of the Green Book they would go to for further clarification
• Identify changes they may have to make to be compliant with 31 CFR Part 210
• Recognize the steps they need to take to ensure they are limiting their liability upon receipt of a benefit payment
Speaker:
Sandy Ortins, AAP, APRP, NCP, SVP, Operations, NEACH
Audience:
• AAPs
• ACH Coordinator
• Compliance
• Electronic Banking
• Operations
• Risk/Compliance
You might also like:
• Green Book Hot Topics
• So Sorry for Your Loss
*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
** This event is part of the NEACH Education Club. Members who join the Club save $75 off the cost of this event.
Registration for this event is closed.