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Exception Handling of Tax Refunds Made via the ACH

Type: On Demand
Duration: 30 Minutes
Date & Time:

Course #:
Member Fee: $0
Non-Member Fee: $279
Audience: AAP Candidates, ACH Personnel, APRP Candidates, Audit, Compliance, Operations, Payments Personnel, Risk


Tax refund time comes with challenges for financial institutions when posting and returning refunds made through the ACH.  Scenarios are used in this session to show attendees how to handle refunds that post to the correct account number, but wrong tax payer, and the potential fraud indicator when an account receives multiple tax refunds.  Learn what the IRS and individual states are doing to combat tax refund fraud.