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Reclamations: Commercial vs. Government

Description

Event Details*
April 1, 2019 to December 31, 2019
On-Demand; 1.2 AAP CEU Eligible

Event Registration**
Member Price:         $195.00
Non-Member Price:  $295.00

One of the most commonly asked question on the NEACH Rules Hotline concerns reclamations.  Financial Institutions face the challenge of large dollar losses due to benefit payments on a daily basis.  The one area of reclamations where the financial institution does not need to suffer a loss, is in the private sector (commercial) benefit payments.  However, with companies sending demand letters that are sounding more like the federal government, it is sometimes intimidating to say "NO", we will not honor this demand letter.  In this session, we will review the rules and liabilities for both commercial and government reclamations, and discuss the options you have as an RDFI to say "No" on taking a 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 $65 off the cost of this event.
**Receive 90 day access on this session beginning on requested start date.


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