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Error resolution can be tricky! When you’re dealing with unauthorized transactions, there are certain processes to go through. Whether you’re returning within the timeframes of the Nacha Operating Rules, or outside that timeframe , following Regulation E, you ...
The U.S. Department of the Treasury, Bureau of the Fiscal Service (Fiscal Service), Defense Finance and Accounting Service (DFAS) and the Federal Reserve Bank of Philadelphia have implemented an email delivery option for ACH reclamations. When financial inst ...
As payments continue to evolve, so does the ACH Network. In an effort to continually update the Nacha Operating Rules, Nacha had put out a RFC (Request for Comment) on adding a fourth window of opportunity for SDA (Same Day ACH) payments to allow more functio ...
Each participant in the ACH Network is required to follow the Nacha Operating Rules and be compliant. Minor topics changes included within these updated Rules: General Rule for WEB Entries Definitions of Originator Originator Action on Notification of ...
Each participant in the ACH Network is required to follow the Nacha Operating Rules and be compliant, even when it pertains to Risk. Effective March 20, 2026 – Phase 1 for Risk Management (part of a larger package) to help reduce the incidence of successful f ...
As an operations or front-line person, each day you struggle with the question – “When do I use a Stop Pay form and when do I need a Written Statement of Unauthorized Debit (WSUD)?” In the back room, processing these types of ACH transactions brings up the que ...
Each participant in the ACH Network is required to follow the Nacha Operating Rules and be compliant. There were several NEW amendments recently passed (in 2022 – in case you missed them) which will change the ACH Network processes – these are a big deal to en ...
The NACHA Operating Rules are always changing, updates are currently in place due to the ongoing COVID-19 situation! Operations Bulleting #7 outlines the details of the Rules and changes at financial institutions with extensions of effective dates in light of ...
Financial institutions have responsibilities and liabilities under Regulation E for consumer accounts when there are unauthorized transactions. However, the consumer account holder has some liability too. This webinar training will explore the limits of liabil ...
In this 90-minute session, Returning Unauthorized transactions using Reg E or the Nacha Operating Rules when returning transactions that are unauthorized. We will also discuss and define the limits of liability and who is liable for what amount while providin ...