Type:
Webinar
Duration:
60 Minutes
Member Fee:
$0
Non-Member Fee:
$349
Audience:
AAP Candidates, AAPs, Accounts Payable and Receivable, ACH Personnel, Compliance, General ACH
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.