This webinar is designed to outline compliance with ACH Returns and help resolve the “confusion” while working on ACH returns. Identification of the ten most commonly used Return Reason Codes and their timeframes will be discussed. The return process can be complicated, this session will include details on "when, how, and why", while doing returns to remain in compliance with the NACHA Operating Rules. Included in this webinar will be an overview of the “entire” returns process (including timeframes and Return Codes), from your general returns to extended returns, dishonored returns, contested and corrected dishonored returns. The ACH Return process will be explained utilizing multiple examples to demonstrate.
Doing ACH Returns can be confusing and frustrating. Each day in ACH operations, some entries need to be returned, whether it’s NSF, stop payment, unauthorized, or even authorization revoked. This session will identify the rules and take the confusion and frustration out of doing ACH returns and remaining in compliance with the NACHA Operating Rules. Same-Day ACH (SDA) has also changed the ACH Return process (if you select to do your returns same day as settlement date), this session will include discussion outlining the details on “faster returns”. Common ACH Return Reason Codes will be discussed with time-frames, paperwork needed, and any other details pertinent when processing the ACH return Entry. Examples to outline the process will help bring the learning home.