In this 60-minute session, the trainer will cover all the recently approved changes and details for returning an unauthorized transaction, including when to use a R10 or an R11 Return Reason Code. Examples used throughout the session will outline these changes, describe their effect on you as a participant in the ACH network, whether you are an RDFI or an ODFI.
Details on newly approved changes and options when doing ACH Returns for questionable items that don’t post (R17) and for unauthorized Entries, based on the specific detailed “reason” for the unauthorized Return Entry.
Differentiating between the specific reasons for sending an unauthorized Entry (using R10 or R11) is crucial when sending the right message back to the Originating company to help them further identify the specifics of “why” the Entry is being returned.
Identifying the details and how this additional unauthorized return reason code is being monitored by the ODFI to comply with their reporting requirements (as defined by NACHA) during a phased approach going into 2021, will be covered.
The trainer will use scenario-based examples to make the changes easy to understand and apply to the daily ACH operations tasks. This is a must-attend session, Register Today!
Why Should You Attend:
When a Receiver (account holder) at the RDFI states they have an ACH Entry that is unauthorized, the RDFI will comply with the request and by following the NACHA Operating Rules, send the Entry back as an unauthorized Return Entry. Specific Rules are outlined for this process during this 60-minute session with examples of how and what these changes will mean to the RDFI, the ODFI and the Originator of the ACH Entry being returned.Details on newly approved changes and options when doing ACH Returns for questionable items that don’t post (R17) and for unauthorized Entries, based on the specific detailed “reason” for the unauthorized Return Entry.
Differentiating between the specific reasons for sending an unauthorized Entry (using R10 or R11) is crucial when sending the right message back to the Originating company to help them further identify the specifics of “why” the Entry is being returned.
Identifying the details and how this additional unauthorized return reason code is being monitored by the ODFI to comply with their reporting requirements (as defined by NACHA) during a phased approach going into 2021, will be covered.
The trainer will use scenario-based examples to make the changes easy to understand and apply to the daily ACH operations tasks. This is a must-attend session, Register Today!
Areas Covered in the Webinar:
- Identify what an unauthorized transaction is and how this helps you when returning unauthorized transactions
- List the steps to the entire ACH Return Process - defining each step to remain in compliance with the NACHA Operating Rules
- List the options for unauthorized ACH Return Reason Codes (R10 & R11)
- Details on the most recent change to specifying the details of an unauthorized return by adding R11 to further define the “why”
- Outline the specifics when returning unauthorized ACH Entries regarding timing and details on any paperwork needed
- Describe the impact to the ODFI Reporting Requirements for R11 going forward during a phased approach in 2020 and 2021
Who Will Benefit:
- Financial Institution Professionals (New/Current Operations Staff)
- Banking Operations Managers and Staff
- Compliance and Risk Professionals
- Treasury Management Professionals
- Aspiring and Current AAPs (Accredited ACH Professionals)
- Company/Business Owners (Originators)
- Banking Managers/Supervisors
- Audit Personnel
Course Provider
Donna K Olheiser,
