Product Page - Onboarding & Reviewing ACH Originators
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$450.00 USD
Recording Date(s): November 16, 2022
Cost in Education Club tokens: 3 tokens
Speaker(s): UMACHA's Education Team
Length: 90 minutes
Description: Under the Nacha Operating Rules, ODFIs must conduct due diligence sufficient to form a reasonable belief that their Originator or Third-Party Sender (TPS) has the capacity to perform its obligations as outline in the Rules. This is incredibly important for an ODFI to acknowledge because the ODFI remains responsible for all entries transmitted bearing its routing number. Conducting a sufficient review of each originating party at onboarding, as well as on a periodic basis, will help ensure ODFIs avoid entering into undesirable ACH origination relationships. This webinar will discuss the warranties an ODFI makes to the rest of the network on behalf of its originating parties, best practices for on-going Originator education, & periodic review considerations.
Continuing Education Credits: 1.8 AAP/APRP CECs
Additional Information:
Cost in Education Club tokens: 3 tokens
Speaker(s): UMACHA's Education Team
Length: 90 minutes
Description: Under the Nacha Operating Rules, ODFIs must conduct due diligence sufficient to form a reasonable belief that their Originator or Third-Party Sender (TPS) has the capacity to perform its obligations as outline in the Rules. This is incredibly important for an ODFI to acknowledge because the ODFI remains responsible for all entries transmitted bearing its routing number. Conducting a sufficient review of each originating party at onboarding, as well as on a periodic basis, will help ensure ODFIs avoid entering into undesirable ACH origination relationships. This webinar will discuss the warranties an ODFI makes to the rest of the network on behalf of its originating parties, best practices for on-going Originator education, & periodic review considerations.
Continuing Education Credits: 1.8 AAP/APRP CECs
Additional Information:
- Upon completion of the purchase, the purchaser will be immediately prompted to download a PDF or zip file. Each PDF will contain a link to view the purchased webinar(s). Access to the recorded webinar(s) is limited to 60 days following the purchase.
- UMACHA is required to collect Sales & Use tax, in addition to Municipal tax (city tax), on the services that are provided in the state of South Dakota, and recorded webinars in the state of Minnesota.