According to the NACHA Operating Rules, the ODFI takes on all the warranties and responsibilities for each and every ACH Entry they transmit into the network, What does this mean? What about the Originator - What is their Role? Do they have responsibilities and obligations? Direct Deposit and Direct Payment via ACH are the two most common forms of ACH origination Entries; then there are your non-consumer or corporate payments, followed by your check conversion and other types of transaction such as WEB and TEL.
Originators and ODFI's NEED agreements in place to identify the responsibilities of each party when ACH transactions are submitted into the ACH network. Exposure limits need to be set and processing schedules determined. Same Day ACH - Do you have any Originators who are interested in sending?
This 90-minute information-filled session will include the elements of the ACH Originator-ODFI agreement, why they are needed and the purpose they serve. Included will be identifying Exposure Limits and ensuring that each Originator is in compliance with the NACHA Operating Rules when it comes to the elements within that agreement plus covering all authorization requirements.
What are the Originator's obligations and the warranties that the ODFI will carry when they transmit ACH Entries into the network?
How are Returns, Notifications of Change and Prenotes handled - are your procedures up to date? This session will identify how to remain in compliance with the NACHA Operating Rules during the transmission of ACH Entries.A "must-attend" session!
Why should you Attend?
Who will benefit?
This webcast will be of a valuable assistance to the below audience.
NACHA data, Same Day ACH Debits, Same-day Direct Deposits, NACHA, ACH Network, Bill Pay, ACH Cards, ACH Processing, ACH, RDFI, AAP's, emergency payrolls, Same-day payrolls, Expedited bill payments, Debit Returns, ACH Transactions, ACH Form, ACH Return Process, Unauthorized Entries
Donnas extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Donna's ability to engage the learner through the entire training event
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