Industry News & Resources
Pymnts.com
Source: Levvel Research
Source: U.S. Faster Payments Council
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We Get Questions...
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Q.) We received an unemployment credit via ACH from the State of Arizona and a few days later it was determined to be a fraudulent transaction. We returned it using return code R17 (questionable transaction) but it was dishonored as untimely. We’re not sure what to do next. We don’t want to give these funds to the account holder (over $5,000). Shouldn’t the State want the funds back once the payment is deemed fraudulent?
A.) Yes. The State most likely wants the payment back but their ODFI’s exception processing system may have automatically dishonored the item based on timing alone. It’s best to contact the ODFI at this point and explain the situation. They will probably instruct you to contest the dishonored item and suggest the code to use so their ACH department will allow it to post. You can find the ODFI’s phone number in the Fed’s routing directory by inserting the first 8 digits of the trace number in the search field on the home page.
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Concepts 2020 – A ‘Come As You Are’ Virtual Payments Conference
No travel, no hotel, no leaving the house, no kidding!
Thursday, October 22nd, 9:45am - 5:00pm ET
Friday, October 23rd, 9:00am - 1:00pm ET
Learn first-hand about the strategies, solutions and innovative payment processes that others are using to grow, compete, and improve business operations. This annual event brings together payments professionals who are looking for guidance from today’s industry experts and for continuing education credits.
Agenda
Exhibitors
Topics include payments innovation, financial crimes, cannabis banking, real time payments, fraud and risk, business continuity and more.
Register today!
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TCH Payments Authority Team Update
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On September 1, 2020 Lisa Iselli AAP, APRP, was promoted to Manager of Member Success, with responsibility for all aspects of membership, including support services, monthly billing and onboarding new members.
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Anne LaPine, AAP has moved to a new role as Manager of Payments Outreach and Training, providing oversight for TCHPA’s education program and member communications.
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Adrian Brown, AAP, APRP is now Manager of Payments Consulting & Compliance. This is an ever growing aspect of our work and one that is deserving of Adrian’s full attention.
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AAP Exam Test Window Extended
The testing window for the 2020 AAP exam opens on Monday, October 5. Nacha has been working closely with their testing partner to monitor the availability of testing centers and appointments. Although the pandemic has impacted many locations, meeting the needs of 2020 AAP candidates remains a high priority. In order to provide more flexibility with appointments Nacha has extended the test window until Saturday, November 14, providing candidates three additional weeks to schedule testing appointments.
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TCHPA Education
Scheduled Sessions:
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ACH Rule Changes
Nacha Contact Registry Deadline Approaching
The ACH Contact Registry was created for financial institutions (FIs) to be able to more easily connect with other FIs about ACH operations, exceptions and risk management. In order for the ACH Contact Registry to be a valuable network-wide resource, all participating FIs in the ACH Network need to participate. The ACH Contact Registry Rule became effective on July 1, 2020. Compliance with registration requirements must be completed by October 30, 2020. Additional details…
Supplementing Fraud Detection Standards for Web Debits
Effective March 19, 2021 |
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No-Charge Rules Training for TCHPA Members:
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Real-Time Payments
The RTP® network - What's in it for you?
If you’ve got questions, look no further.
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RTP Calculator
Estimates the number of RTP transactions your financial institution might receive each month based on asset size.
RTP Self-Audit (No Charge)
RTP Participants are required to complete an annual self-audit to verify compliance with the RTP Participation and Operating Rules.
RTP Update(Webinar)
November 19, 2020
Join TCHPA as we welcome Steve Ledford, SVP of Product Management at The Clearing House for an RTP® network update. We'll review 2020 milestones, including RTP® network growth and advancements in innovation, as well as provide a look ahead at what's planned for 2021.
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Member Support
Remember, when you need support from The Clearing House Payments Authority (TCHPA), you can reach our Member Services staff directly by calling 800-875-2242 and choosing option 3, or by emailing education.services@theclearinghouse.org. Although our staff is working remotely due to the COVID-19 pandemic, we’re still available to provide the support you need in a timely manner! |
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