Event Details*
Thursday, February 01, 2024
On-Demand; 1.2 AAP/APRP CEU Eligible
Level: Beginner
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 responsibilities related to received Return Entries that are both compliance- and risk-related; your Originators have responsibilities too. In this session, we’ll talk about ACH Return Reason Codes and what some of them mean for your Originators, including unauthorized returns and stop payments. We’ll discuss potential responses to Returned Entries such as Reinitiated Entries, Return Fee Entries, and Dishonored Returns. Return rate monitoring should be part of your institution’s ACH risk management, so we’ll explore why return rate monitoring is important and how it differs between corporate and internal (consumer) origination.
Attendees will:
• Identify the reasons that Return Entries may be received by an ODFI
• Examine an Originator’s responsibilities for Return Entries
• Demonstrate an understanding of the importance of developing policies and procedures for handling incoming Return Entries
Speaker:
• Mary Mumper-Morrison, AAP, APRP, CAMS, Director, Education, NEACH
*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.