Recording Date(s): March 4, 2025

Cost in Education Club tokens: 3 tokens

Speaker(s): Various Payment Association Staff Members

Length: 90 minutes

Description: This session explores the role of rules and agreements in check handling and governance. This session will provide an overview of the rules, regulations, and laws that form the check governance framework, highlighting their impact on financial institutions and payment processing. We will compare the ECCHO Rules to the Federal Reserve Bank’s Operating Circular 3, examining key differences and their implications for check clearing and settlement. Additionally, we will review essential provisions of the ECCHO Rules related to forward collection, returns, and check adjustments, along with a discussion of Rule 8 and Rule 9 claims. The session will also cover the ECCHO Rules governing the processing of Canadian checks, offering valuable insights into cross-border check handling.
 
Important Note: This content is part of the 2025 National Check Professional (NCP) Exam Prep Series and may therefore include references to other webinars in the series, as well as study resources provided by ECCHO for those enrolled in the NCP Exam.

Continuing Education Credits: 1.8 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.