Date & Time:
AAP Candidates, AAPs, ACH Personnel, APRPs, APRP Candidates, Compliance, Operations, Payments Personnel
When is it appropriate for an Originator, Third-Party Sender or ODFI to initiate an ACH Reversal? When is it OK for an RDFI to return a Reversal? June 2021 revisions to the Nacha Operating Rules address the improper use of Reversals, establish additional formatting requirements and provide direction to RDFIs for returning improper reversals. We’ll provide a review of ODFI and RDFI responsibilities in the processing of ACH reversing entries and discuss risk considerations and sound business practices for monitoring Originator reversal activity.