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$350.00 USD
Recording Date(s): August 6, 2025
Cost in Education Club tokens: 2 tokens
Speaker(s): UMACHA's Education Team
Length: 60 minutes
Description: Rules vs. Reality is an engaging session that explores real-world scenarios from actual member phone calls and emails. Its goal is to shed light on practical situations that financial institutions regularly encounter, providing a platform to better understand how the Nacha Rules can be effectively applied in practice. The session also encourages audience participation, fostering discussions on making informed judgment calls while balancing the letter of the rules with the realities of financial operations.
This session includes the following scenarios:
Continuing Education Credits:
Cost in Education Club tokens: 2 tokens
Speaker(s): UMACHA's Education Team
Length: 60 minutes
Description: Rules vs. Reality is an engaging session that explores real-world scenarios from actual member phone calls and emails. Its goal is to shed light on practical situations that financial institutions regularly encounter, providing a platform to better understand how the Nacha Rules can be effectively applied in practice. The session also encourages audience participation, fostering discussions on making informed judgment calls while balancing the letter of the rules with the realities of financial operations.
This session includes the following scenarios:
- After being requested to send an ENR Entry, a financial institution is left questioning what ENRs are, when they should be used, and what other methods of updating federal benefit Direct Deposit information are available
- After a member closes their account due to fraud, the RDFI inadvertently posts a debit received for the closed account to the new account, only to discover it was unauthorized and now needs to know how to resolve the issue
- After acting on an emailed request, a business quickly discovers it has fallen victim to Business Email Compromise and looks to its financial institution for guidance on what to do next
Continuing Education Credits:
- Qualifies for up to 1.2 AAP/APRP CECs
- 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.