Rules compliance can be confusing and when doing ACH Returns or NOCs, there are so many exceptions to the rules and so many things to remember. This webinar will help clear up that confusion by making the ACH return process simple while outlining the rules and using examples and scenarios to explain how the process works.
WHY SHOULD YOU ATTEND?
Frustration and confusion are experiences one may have when handling ACH Exceptions and doing Returns and Notifications of Change (NOCs). This session will help clear up the questions when wondering "What Return Reason Code do I use?" or "What form do I need to do this Return?" and even "How long is the Return Timeframe on this Entry?" Common Return Reason Codes will be discussed and details provided on Stop Payments, Unauthorized Returns, and the process involved when sending and/or receiving Notifications of Change.
AREA COVERED
- Common ACH Return Reason Codes
- Timeframes for general and extended returns
- Paperwork needed when doing certain types of Returns
- Stop payments for both consumer and corporate accounts will be discussed
- Unauthorized Entries, the timeframes, the WSUD, and scenarios to further define them
- Notifications of Change (COR Entries) process for all participants, the RDFI, ODFI, and Originator will be included
LEARNING OBJECTIVES
- List the most common ACH Return Reason Codes
- Identify the paperwork needed for top Payments, Authorization Revoked, and Unauthorized Entries
- Define the timeframes for all types of Returns, General, Extended, Dishonored and Contested Dishonored Returns
- Describe the similarities and differences in the Stop Payment process between consumer and corporate accounts
- Demonstrate through the use of scenarios how the ACH Return process can be simple
WHO WILL BENEFIT?
- ACH Operations Staff
- ACH Manager
- Compliance Staff
- Operations Staff
- Banking staff
Frustration and confusion are experiences one may have when handling ACH Exceptions and doing Returns and Notifications of Change (NOCs). This session will help clear up the questions when wondering "What Return Reason Code do I use?" or "What form do I need to do this Return?" and even "How long is the Return Timeframe on this Entry?" Common Return Reason Codes will be discussed and details provided on Stop Payments, Unauthorized Returns, and the process involved when sending and/or receiving Notifications of Change.
- Common ACH Return Reason Codes
- Timeframes for general and extended returns
- Paperwork needed when doing certain types of Returns
- Stop payments for both consumer and corporate accounts will be discussed
- Unauthorized Entries, the timeframes, the WSUD, and scenarios to further define them
- Notifications of Change (COR Entries) process for all participants, the RDFI, ODFI, and Originator will be included
- List the most common ACH Return Reason Codes
- Identify the paperwork needed for top Payments, Authorization Revoked, and Unauthorized Entries
- Define the timeframes for all types of Returns, General, Extended, Dishonored and Contested Dishonored Returns
- Describe the similarities and differences in the Stop Payment process between consumer and corporate accounts
- Demonstrate through the use of scenarios how the ACH Return process can be simple
- ACH Operations Staff
- ACH Manager
- Compliance Staff
- Operations Staff
- Banking staff
Speaker Profile
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience …
Upcoming Webinars
Understanding and Analyzing Financial Statements
Onboarding is Not Orientation: How to Improve Your New Hire…
Managing Toxic & Other Employees Who have Attitude Issues
Do's and Don'ts of Documenting Employee Behaviour, Performa…
Gossip-Free: Leadership Techniques to Quell Office Chatter
Outlook - Master your Mailbox - Inbox Hero Inbox Zero
Harassment, Bullying, Gossip, Confrontational and Disruptiv…
Excel & ChatGPT Synergy Masterclass: Unleashing Financial A…
Introduction to Microsoft Power BI Dashboards
Drive Recruiting Success with the Using Recruiting Metrics …
2025 EEOC & Employers: Investigating Claims of Harassment …
Impact Assessments For Supplier Change Notices
Mastering Job Descriptions: Legal and Practical Insights fo…
Effective Onboarding: How to Welcome, Engage, and Retain Ne…
What is in Store for Employers When Updating Employee Handb…
Designing Employee Experiences to Build a Culture of Compli…
Onboarding Best Practices for 2025: Proven Strategies to Po…
Accounting For Non Accountants : Debit, Credits And Financi…
Creating a Successful Job Rotation Program
The Anti-Kickback Statute: Enforcement and Recent Updates
FDA Compliance And Laboratory Computer System Validation
How To Create Psychological Safety in your Organization
Aligning Your HR Strategy with Your Business Strategy
Transforming Anger And Conflict Into Collaborative Problem …
How to Give Corrective Feedback: The CARE Model - Eliminati…
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Zero Acceptance Sampling to Reduce Inspection Costs
Identifying, Managing, and Retaining High Potential Employe…
AI at Your Service: Enhancing Your Microsoft OfficeSkills w…
Why EBITDA Doesn't Spell Cash Flow and What Does
FDA Recommendations for Artificial Intelligence/Machine Lea…
Project Management for Non-Project Managers - How to commun…
Dealing With Difficult People In Life & Work
Developing and Implementing Quality Culture in the Organiza…
2-Hour Virtual Seminar on the 6 Most Common Problems in FDA…
Enhancing Pivot Tables with Images: Visualize Your Data Lik…
How to Write Effective Audit Observations: The Principles f…
How to Write Contracts for Procurement Professionals
Uplifting the Credibility of HR: How to Build the Credibili…
Strategic Interviewing & Selection: Getting the Right Talen…
Performance of Root Cause Analysis, CAPA, and Effectiveness…
FDA Audit Best Practices - Do's and Don'ts
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
How to Manage the Legal Landmine of the FMLA, ADA and Worke…
Excel Lookup Functions: VLOOKUP, HLOOKUP, and XLOOKUP Made …