Product Page - ACH Return Reason Codes Explained
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$450.00 USD
Recording Date(s): July 19, 2023
Cost in Education Club tokens: 3 tokens
Speaker(s): UMACHA's Education Team
Length: 90 minutes
Description: With 70 different Return Reason Codes utilized in the ACH Network, it can be challenging to stay on top of what the most appropriate Return Reason Code is to use in a given situation. Which return reason codes require a Written Statement of Unauthorized Debit (“WSUD”)? How many days do we have to process a return? What about the Return Reason Codes that have unusual time frames that don’t fall into the standard or extended return time frames? This session will answer all these questions and more, including an overview of dishonored returns, contested dishonored returns, and returns that are processed by the ACH Operator or Gateway. This session is ideal for both treasury management and ACH operations staff who are newer to their role, or experienced staff looking for a refresher on the fundamentals of Return Reason Codes.
Continuing Education Credits:
Cost in Education Club tokens: 3 tokens
Speaker(s): UMACHA's Education Team
Length: 90 minutes
Description: With 70 different Return Reason Codes utilized in the ACH Network, it can be challenging to stay on top of what the most appropriate Return Reason Code is to use in a given situation. Which return reason codes require a Written Statement of Unauthorized Debit (“WSUD”)? How many days do we have to process a return? What about the Return Reason Codes that have unusual time frames that don’t fall into the standard or extended return time frames? This session will answer all these questions and more, including an overview of dishonored returns, contested dishonored returns, and returns that are processed by the ACH Operator or Gateway. This session is ideal for both treasury management and ACH operations staff who are newer to their role, or experienced staff looking for a refresher on the fundamentals of Return Reason Codes.
Continuing Education Credits:
- Qualifies for up to 1.8 AAP/APRP CECs
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