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ACH Operational Considerations
(Courses listed in recommended order)
Onboarding ACH Originators
Webinar
Understanding the warranties and liabilities of the ODFI will help in making the right decisions as you onboard originating companies. Learn the best business practices and procedures to have in place and ensure that you are employing the appropriate level of due diligence for onboarding and monitoring ACH Originating companies.
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Online Account Opening and the Consumer Originator
On Demand
As financial Institutions (FIs) grow their product and service offerings to meet the needs of their account holders, they must also consider the related risks and potential for fraud. Knowing your customer and assessing their risk profile is important for consumers and companies alike. When your consumer account holder is allowed to open a new account online and/or send ACH transactions to an account at another FI, they are acting as an ACH Originator. We address common ODFI oversights and best practices for loss prevention and risk mitigation when the consumer becomes the Originator.
ODFI Responsibilities: Originating WEB and TEL Entries
Webinar
Electing to originate TEL and debit WEB entries can expose ODFIs to additional risk. How is that liability shared between the Originator and the ODFI and what controls can be implemented to mitigate risk from originating debit WEB and TEL entries?
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