Type:
Webinar
Duration:
60 Minutes
Member Fee:
$0
Non-Member Fee:
$349
Audience:
AAP Candidates, AAPs, ACH Personnel, Audit, Compliance, General ACH, Operations, Payments Personnel, Risk, Sales, Senior Payments Personnel, Treasury
This session covers the most commonly used Standard Entry Class (SEC) codes, including definition and purpose. SEC codes drive the NACHA rule requirements. Attendees will learn the appropriate use of SEC codes and ODFI obligations for originating consumer and non-consumer transactions, and the RDFIs responsibilities for processing and returning ACH entries based on the SEC code.