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Reversals and Your Role in Them

Description

Event Details*
Friday, April 01, 2022
On-Demand; 1.2 AAP/APRP CEU Eligible
Learning Level: Beginner

Event Registration**

Member Price: $225.00
Non-Member Price: $325.00


What recourse does an ODFI or Originator have when an erroneous file or duplicate Entry has been sent through the ACH network? Do you create reversals? What are the requirements surrounding Reversals? Reversals hit upon a number of risks such as operational, credit, and compliance. This session will focus on the Rules surrounding reversing entries and files, including timing, formatting and originator responsibilities.


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:

Elyssa Morgan, AAP, APRP, Senior Director, Membership, NEACH


Audience:
• ACH Coordinator
• Cash Management
• Electronic Banking
• Operations
• Associate Members
• Corporate Members
• Financial Institutions


You might also like:
• RDFI Exceptions 101
• RDFI Exceptions 201



*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.


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