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Payments Pulse - September 18th Edition

Payments Pulse
Payments Pulse, September 18, 2019
The Clearing House
Payments Pulse

Industry News & Resources

Nacha Statement Unauthorized ACH Reversals


ACH Network Volume 2Q 2019 (infographic)

Source: Nacha

Real Time Payments… Can I Receive Only? (video)

Source: Payments Professor


We Get Questions...

Q and A
Q.)  We received a wire with no name included, just account number. The account owners have received this wire many times before but they always included a name. Is it OK for us to accept this wire and post based solely on the account number?
A.)  Certain provisions of the Uniform Commercial Code, Article 4A, allow for a beneficiary bank to rely on the account number for posting of a wire transfer (UCC §4A-207 – Misdescription of Beneficiary). Considering the “unidentifiable person” reference and the individual organization’s risk appetite, an FI might choose to make a business decision to post solely on the beneficiary account number, regardless of what is or is not present in the beneficiary name field. Members are encouraged to consult with their internal risk and compliance teams to determine a best practice for their individual organization.
Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email education.services@theclearinghouse.org.

Reg E Error Resolution

Good news for those who were unable to attend our live Reg E Error Resolution webinar on September 11th! That session was recorded and is now available to order on-demand.
  • On-Demand Webinar

    Regulation E places obligations on financial institutions to investigate consumer disputes for unauthorized electronic transactions for ACH, ATM and debit card entries. Using real life scenarios, this session addresses error resolution compliance and procedures to handle disputes within the various payment systems.
Note: If you ordered this on-demand topic prior to September 17th, you received a recording from 2018. There have been no changes to Reg E during this time period; however, you can still order the 2019 recording at no charge. Remember, all TCHPA-presented workshops, webinars and on-demand recorded sessions are FREE for members of The Clearing House Payments Authority (TCHPA)!

Upcoming TCHPA Education

Please register in advance for all face-to-face sessions to allow our staff to arrange for meals, seating, and session materials for all attendees.
SEPT
26

AAP Prep One Day Review (Bath, MI)

SEPT
27

NCP Prep Talk: Steps to Preparing for the 2020 NCP Exam (Webinar)

OCT
09

NCP Alliance Meeting (Grand Rapids, MI)

OCT
09

AAP/APRP Alliance Meeting (Grand Rapids, MI)

OCT
9-11

Concepts 2019 (Grand Rapids, MI)

OCT
17

RDFI Rules, Federal Government Payments and
Regulation E

Concepts 2019 Michigan


October 9-11, 2019*
JW Marriott
Grand Rapids, MI


Learn first-hand about the strategies, solutions and innovative payment processes that others are using to grow, compete, and improve business operations. Hear from today’s payments industry experts, network with your peers, and earn continuing education credits.

Topics in Fraud, Risk and more:

  • Banking on Cannibas - Andrew Boettcher, State of MI, Department of Treasury
  • Third Parties: Managing Them and the Risks - Adrian Brown, The Clearing House Payments Authority
  • Managing Risk for A2A and P2P Payments - Meg Prieur, The Clearing House Payments Authority
Only $299 for this multi-day event. Reserve your seat now!

The JW Marriott is offering a discounted rate of $219 per night through September 17th. Make your reservations soon!

Exhibitors:

  • Federal Reserve Bank
  • Magic-Wrighter, Inc.
  • ProfitStars
  • ECCHO
  • TCHPA
* Welcome Reception on Wednesday Evening / Sessions all day Thursday, half day Friday. Pre-conference workshops are optional and reserved for accredited professionals only. Advance registration required.

RDC Forum, Chicago

    hosted by RemoteDepositCapture.com

Tuesday, October 15, 2019
at Microtrain Technologies
720 E. Butterfield Road
Lombard, IL 60148


Members of The Clearing House - Save $50!
Enter the coupon code TCHF at check out.

The RDC Forum Chicago is designed to deliver top notch education to the industry combined with networking in a candid and intimate setting. The sessions are approved for 6.6 NCP CE credits.

Register soon to get the best rate available! Complete Details

Real-Time Payments

What's in it for you?


Frequently Asked Questions

TCHPA: Professionals in every trade have an association they rely on for industry expertise, support and resources. We're the Association for Payments People®

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