Events

OVERVIEW

According to the NACHA Operating Rules, the ACH Return process with current timeframes will remain the way it has been even though we are in the midst of the three-phase implementation of Same Day ACH. With the new Same Day ACH landscape, the additional processing windows “can” change the way Returns are processed (if the RDFI chooses to utilize this feature) to receive faster settlement on the returns without being subjected to the Same Day fee.

WHY SHOULD YOU ATTEND

As an RDFI are you utilizing the full potential of the “return process” in the NEW Same Day Environment?  You CAN do “Same Day” Returns WITHOUT having to pay the 5.2 cent fee for each Same Day Entry. Same Day Returns do NOT pay the fee but can receive settlement for the returns as soon as the same day.

AREAS COVERED

• Timeframes for returning ACH Entries 
• Overview of Legacy ACH Return Process & Rules
• Same Day ACH – Changes in Returns Process
• Settlement for Returns using the legacy ACH process
• Same Day ACH Entry Returns (NSF – Debits)
• Scenarios (multiple) to help identify “how” this new (same day window) opportunity for Returns “can change” your Returns process 
• Same Day Returns are not just for Same Day Entries!

WHO WILL BENEFIT

• ACH Operations staff
• Compliance Officers (Auditors)
• ACH Managers
• Electronic Payments Professionals
• AAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits

LEARNING OBJECTIVES

• Identify the timeframes Returns can be done in the legacy ACH system 
• Define the difference when doing Returns between the legacy ACH system and the Same Day environment – timeframes and settlement
• List the settlement times when Returns can settle if done on Same Day vs. next day
• Describe how the RDFI can benefit from doing Same Day Returns vs. next day returns
• Outline the process using scenarios to identify the benefits and processes involved

For more detail please click on this below link:

https://goo.gl/XohyrX

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