Product Page - Rule Breakers: How Nacha's System of Fines and Arbitration Resolve Issues
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$450.00 USD
Recording Date(s): December 13, 2023
Cost in Education Club tokens: 3 tokens
Speaker(s): UMACHA’s Education Team
Length: 90 minutes
Description: Of course, we know you would never break the rules… but what happens when you are party to an ACH transaction where another financial institution does not appear to be complying with the Nacha Operating Rules? This may come in the form of an Originator and ODFI not responding appropriately to a Notification of Change by making the requested changes, or perhaps a financial institution is not providing requested documentation – like an RDFI providing a Written Statement of Unauthorized Debit or an ODFI providing proof of authorization for an ACH Entry. And what about when the breach of warranty process goes nowhere because the respondent is not cooperating? During this session, we will explore Nacha’s System of Fines and Arbitration processes and discuss how they can be used to help resolve issues of non-compliance and disputes between financial institutions.
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: Of course, we know you would never break the rules… but what happens when you are party to an ACH transaction where another financial institution does not appear to be complying with the Nacha Operating Rules? This may come in the form of an Originator and ODFI not responding appropriately to a Notification of Change by making the requested changes, or perhaps a financial institution is not providing requested documentation – like an RDFI providing a Written Statement of Unauthorized Debit or an ODFI providing proof of authorization for an ACH Entry. And what about when the breach of warranty process goes nowhere because the respondent is not cooperating? During this session, we will explore Nacha’s System of Fines and Arbitration processes and discuss how they can be used to help resolve issues of non-compliance and disputes between financial institutions.
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.