Product Page - AAP Summer Series #05: Rules & Responsibilities of an ODFI
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$450.00 USD
Recording Date(s): July 25, 2023
Cost in Education Club tokens: 3 tokens
Speaker(s): UMACHA’s Education Team
Length: 90 minutes
Description: Originating Depository Financial Institutions (“ODFIs”) play a critical role in ensuring the ACH Network continues to operate effectively. From understanding an ODFI’s responsibilities when onboarding new ACH Originators to the authorization warranties made for each Entry originated into the ACH Network, this session explores a wide range of obligations and Rules applicable to ODFIs. This session also explores an ODFI’s obligation when processing prenotifications, Micro-Entries, Reversals, and Commercial Reclamations. Finally, the session wraps up with reminders about the reporting obligations each ODFI has to Nacha regarding Direct Access Debit Participants, Third-Party Senders, and the ACH Contact Registry. Whether you are an aspiring AAP or you are looking for a better understanding of an ODFI’s processing obligations, this session is for you!
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: Originating Depository Financial Institutions (“ODFIs”) play a critical role in ensuring the ACH Network continues to operate effectively. From understanding an ODFI’s responsibilities when onboarding new ACH Originators to the authorization warranties made for each Entry originated into the ACH Network, this session explores a wide range of obligations and Rules applicable to ODFIs. This session also explores an ODFI’s obligation when processing prenotifications, Micro-Entries, Reversals, and Commercial Reclamations. Finally, the session wraps up with reminders about the reporting obligations each ODFI has to Nacha regarding Direct Access Debit Participants, Third-Party Senders, and the ACH Contact Registry. Whether you are an aspiring AAP or you are looking for a better understanding of an ODFI’s processing obligations, this session is for you!
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.