The ACH environment is changing rapidly and it is critical that you understand the requirements of NACHA rule changes that become effective in 2010. This webcast will take an in-depth look at the specific requirements of each rule amendment and how these changes will affect you, your Originating customers, and your Receiving customers.
Key 2010 Rule Amendments to be Covered Include:
- ACH Risk Management Program rule requirements for ODFIs and RDFIS
- Significant changes to ACH stop payment procedures
- Elimination of Written Statement Under Penalty of Perjury form
- New "Written Statement of Unauthorized Debit" form and form requirements
- Additional ACH self-audit requirements for 2010
We'll also summarize key learnings since implementation of the International ACH Transaction (IAT) Standard Entry Class Code in September, 2009, with suggestions as to how best to comply with OFAC requirements associated with these unique transactions. This session is a "must" to learn how to avoid unnecessary rules violations, customer dissatisfaction, and financial losses because of non-compliance.
Suggested Prerequisite(s): Introduction to ACH; ACH Operating Rules
Level: Basic
Audience: Financial Institution, ACH staff processing ACH entries, audit and compliance
Renewal Credits: 1.5 hr Webinar = 1.8 AAP
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Mar. 4
3:00 - 4:30
Members
$95 / Phone Line
Non-Members
$195 / Phone Line
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