Nacha Rules state that ODFIs take on all the warranties and responsibilities for their Originator’s compliance with the Nacha Rules. But what about the Originator?  What are their roles, responsibilities, and obligations?

This session reviews ODFI responsibilities and warranties according to the Nacha Operating Rules such as prerequisites to ACH Origination, Authorization, Warranties, and more.

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. 

We address common ODFI oversights and best practices for loss prevention and risk mitigation when the consumer becomes the Originator. 

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?