Description
This training is designed to provide network requirements for returning ACH transactions for the ODFI, RDFI, ACH Originators and Operators. Attendees will learn the correct return reason codes based on their role in the transaction and the event results in the return (e.g., system return or consumer/business-initiated return). This training is great for deposit and treasury operational and sales teams, compliance, internal auditors to bring insight to the return process.
Topics include:
- Network Rules and Guidelines for handling returns
- Handling Dishonored Returns
- Handling Contested Dishonored Returns
- ODFI requests for returns
- Request for Authorizations and Permissible returns
- Best Business practices
Who Should Attend?
- Deposit Operations/Electronic Banking
- Client Facing Teams
- BSA and Fraud
- Treasury Sales and Operations
- Compliance Officers
- Internal Audit
- Information Security/Technology
- Senior Management
- Payments Professionals (May submit AAP/AAPR Continuing Education Credits
Speaker: Kelly Rozier, AAP, APRP, Associate, Payments, Compliance and Financial Crimes
