Event Details*
Wednesday, February 14, 2024
2:00 - 3:00 pm ET
Webinar; 1.2 AAP/APRP CEU Eligible
Level: Intermediate
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.
Payments are governed by a combination of Federal and state laws in conjunction with rule frameworks. It is important for those handling payment functions to have a solid understanding of what these legal frameworks are and how they impact your obligations in a financial institution. Knowing these requirements enables professionals to be able to help with the creation of solid business decisions such as those related to service offerings, policy, process, and procedure. In this session, we explore Uniform Commercial Code (UCC) governance, specifically examining the requirements under UCC 3, UCC 4, and UCC 4A.
• In UCC 3 we cover negotiable instruments (checks) and will explore topics such as the definition of a negotiable instrument and what makes it qualify as a payment mechanism. Topics surrounding negotiation, transfer, and indorsement will be addressed along with enforcement, liability, dishonoring of items, and discharge of payment.
• In UCC 4 we will cover bank deposits and collections and will explore topics such as item collection (including warranties) and the role of depositing and paying institutions.
• In UCC 4A we cover funds transfers (ACH and Wires) and explore topics such as security procedures, erroneous payment, and sender, receiver, and bank obligations.
Having a good understanding of how UCC applies to payments is paramount for acting compliantly in the payment space. Come join us for this session where we explore the implications of UCC for payment processing.
Attendees will:
• Apply an understanding of what the Uniform Commercial Code is.
• Examine what the implications of UCC 3, 4, and 4A are.
• Create a plan to evaluate business practices to ensure compliance with UCC requirements.
Speaker:
• Mark Dixon, AAP, APRP, NCP, Vice President, Education, NEACH
Audience:
• AAPs
• ACH Coordinator
• ACH Origination
• ACH Receipt
• APRPs
• Anyone involved in check processing/RDC
• Audit Department
• BSA/Compliance
• NCPs
• Operations
• Payments Rules and Regulations
• Reg E
*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.