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Payments Education

ACH Prenotes and NOCs

Type: On Demand
Duration: 55 Minutes
Date & Time:

Course #:
Member Fee: $0
Non-Member Fee: $349
Audience: AAP Candidates, ACH Personnel, APRP Candidates, Audit, Compliance, Operations, Payments Personnel, Risk

Prenotes allow Originators and ODFIs to verify an account number for a Receiver prior to sending a live dollar transaction, but did you know that RDFIs are responsible for ensuring every Prenote received contains a valid account number and that Originators can send live entries as soon as the third banking day following settlement of a Prenote?  Did you know that the RDFI accepts liability for the Notifications of Change (NOCs) that they send?  Are you handling them in a timely manner? Attendees will leave with a better understanding of Prenotes and NOCs.