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[webinar] Unauthorized ACH Returns – How to Remain Compliant with NEW Rules Changes
Presented By Global Wizdom
Wednesday, May 13th at 1:00pm EST
Online sale ends: 05/13/20 at 12:00pm EST
Live - webinar
Kellogg Center 26 West Dry Creek Circle, Suite 600
Littleton, CO 80120
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Donna K Olheiser

When a Receiver (account holder) at the RDFI states they have an ACH Entry that is unauthorized, the RDFI will comply with the request and by following the NACHA Operating Rules, send the Entry back as an unauthorized Return Entry. Specific Rules are outlined for this process during this 90-minute session with examples of how and what these changes will mean to the RDFI, the ODFI and the Originator of the ACH Entry being returned.
Details on newly approved changes and options when doing ACH Returns for questionable items that don’t post and for unauthorized Entries, based on the specific detailed “reason” for the unauthorized Return Entry.
Differentiating between the specific reasons for sending an unauthorized Entry (using R10 or R11) is crucial when sending the right message back to the Originating company to help them further identify the specifics of “why” the Entry is being returned.
Areas Covered in the Session:
•  Identify what an unauthorized transaction is and how this helps you when returning unauthorized transactions
•  List the steps to the entire ACH Return Process – defining each step to remain in compliance with the NACHA Operating Rules
•  List the options for unauthorized ACH Return Reason Codes (R10 & R11)
•  Details on the most recent change to specifying the details of an unauthorized return by adding R11 to further define the “why”
•  Outline the specifics when returning unauthorized ACH Entries regarding timing and details on any paperwork needed
•  Describe the impact to the ODFI Reporting Requirements for R11 going forward during a phased approach in 2020 and 2021
Speaker: Donna K Olheiser
Donna founded Dynamic Mastership, LLC in December 2014 in an effort to utilize her 24+ years’ experience in the financial services industry, by sharing her passion for training financial institutions and organizations on the Rules and processes for electronic payments (with her specialty being ACH payments). She holds the Accredited ACH Professional (AAP) designation (achieved in 2004).

Presented By

1:00pm to 3:00pm
Doors open at 1:00pm

General Admission: $159.00


Live - webinar<br> Kellogg Center 26 West Dry Creek Circle, Suite 600<br> Littleton, 80120





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