Product Page - Check Operations Bundle (Four Webinars)
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$890.00 USD
Recording Date(s): 2024/2025
Cost in Education Club tokens: Ineligible
Speaker(s): UMACHA's Education Team, featuring a speaker from ECCHO
Description: This webinar bundle provides a comprehensive look at the legal framework and warranties involved in check processing, including check returns, adjustments, and other claims. Participants will gain insights into best practices for handling check fraud through case studies and recommendations. Additionally, the bundle features an update from ECCHO on Rule 9, offering clarity on its implications, along with an overview of X9 standards. Whether you're looking to enhance your understanding of legal responsibilities, improve fraud detection strategies, or stay informed on industry standards, this bundle delivers essential knowledge for payments professionals.
This bundle includes the following webinars:
Additional Information:
Cost in Education Club tokens: Ineligible
Speaker(s): UMACHA's Education Team, featuring a speaker from ECCHO
Description: This webinar bundle provides a comprehensive look at the legal framework and warranties involved in check processing, including check returns, adjustments, and other claims. Participants will gain insights into best practices for handling check fraud through case studies and recommendations. Additionally, the bundle features an update from ECCHO on Rule 9, offering clarity on its implications, along with an overview of X9 standards. Whether you're looking to enhance your understanding of legal responsibilities, improve fraud detection strategies, or stay informed on industry standards, this bundle delivers essential knowledge for payments professionals.
This bundle includes the following webinars:
- Check Basics: Legal Framework and Warranties - 60 min
- During this session, we will discuss the legal framework of check processing – the federal regulations and state laws that prescribe the rights and responsibilities of participants, including warranties that are made. This session also explores considerations for accepting and paying checks, as well as a review of special considerations that are unique to handling checks drawn on the United States Treasury.
- Continuing Education Credits: 1.2 AAP/APRP/NCP CECs
- Check Exceptions: Returns, Adjustments, and Claims - 60 min
- Despite downward trends in check processing volume, financial institutions continue to be challenged with the operational nuances involved in handling check returns, adjustments, and claims where one financial institution must deal directly with another financial institution for resolution. Join us as we discuss the differences between check returns and adjustments – including a review of scenarios when you can return and when you can adjust – as well as how certain fraud-related claims are handled.
- Continuing Education Credits: 1.2 AAP/APRP/NCP CECs
- ECCHO Rule 9 Update and X9 Overview - 30 min
- Join ECCHO for a discussion on the recent updates to ECCHO Rule 9, which took effect on March 1, 2024. These changes streamline the warranty process, allowing warranties to flow directly from the Bank of First Deposit (BOFD) to the Paying Bank. In addition, ECCHO will provide an overview of ongoing X9 industry standards activities, offering valuable insights into the evolving check processing landscape.
- Continuing Education Credits: 0.6 AAP/APRP/NCP CECs
- Tackling Check Fraud: Case Studies and Best Practices - 60 min
- Join us as we review a variety of check fraud case studies and determine how liability is allocated between the Bank of First Deposit and the Paying Bank – both in theory and in reality – based on cases that have gone through the court system. With check fraud continuing to be on the rise, understanding the nuances between types of frauds can help your financial institution protect its assets and mitigate against the risk of check fraud.
- Continuing Education Credits: 1.2 AAP/APRP/NCP 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.