Event Details*
Thursday, February 01, 2024
On-Demand; 1.2 AAP/APRP CEU Eligible
Level: Advanced
Event Registration**
Member Price: $150.00
Non-Member Price: $325.00
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.
As an ODFI you have an obligation to educate your Originators on how to properly originate Reversal File/Entries, and if there is a circumstance where that is not done correctly, you also run the risk of a rule’s violation. As the gate keeper of the Network, it is imperative that you understand the rules, for you to inform your Originators of the Rules.
As the RDFI you are walking the balancing act of customer/member service and the rules that state you post on account number. When duplicate or erroneous files/entries are submitted into the Network, as the RDFI, you must walk that tight rope of service, waiting to see if a Reversal is sent and running the risk that the administrative return time frame expires. This session will also update the participants on any rule updates that may affect Reversals based on the feedback from the 2023 Request for Comment on the Nacha Risk Management Framework.
In this session attendees will:
• Define Reversals
• Differentiate between a File Reversal and an Entry Reversal
• Understand the requirements for sending Reversals
• Identify the risks associated with Reversals
Speaker:
• Mark Dixon, AAP, APRP, NCP, Vice President, Education, NEACH
Audience:
• AAPs
• ACH Coordinator
• ACH Origination
• ACH Receipt
• Associate Members
• BSA/Compliance
• Operations
• Originator/TPS Education
• Payments Rules and Regulations
*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.
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.