Online Safety Community

Simplifying ACH Returns – Faster Returns in a Same-Day Environment

Event Details

Simplifying ACH Returns – Faster Returns in a Same-Day Environment

Time: December 6, 2017 from 1pm to 2:30pm
Location: 26468 E Walker Dr, Aurora, Colorado 80016-6104
Street: 26468 E Walker Dr, Aurora, Colorado 80016-6104
City/Town: Aurora
Website or Map: https://goo.gl/XohyrX
Phone: 7209961616
Event Type: online, webinar
Organized By: Training Doyens
Latest Activity: Nov 9

Export to Outlook or iCal (.ics)

Event Description

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

 

Email: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

 

Comment Wall

Comment

RSVP for Simplifying ACH Returns – Faster Returns in a Same-Day Environment to add comments!

Join Online Safety Community

Attending (1)

Take our poll!

Take our poll!

Latest Activity

Training Doyens posted events
8 minutes ago
John Robinson posted blog posts
19 hours ago
Alex posted a blog post

Recycling dangers and how to avoid them

Image credit: Mark Riechers viawww.unsplash.comThere is a danger that we try to recycle absolutely everything these days, when realistically not everything can be recycled.  We are also predispositioned to recycle all our household waste, but there are a few dangers we should all be aware of. We recycle paper, glass, plastic, tin cans, cardboard, food, electrical items, clothing, footwear and plenty of other consumables.  However, some of these items can…See More
21 hours ago
Training Doyens updated an event
Thumbnail

HR Auditing: Important Issues for 2018 at 26468 E Walker Dr, Aurora, Colorado 80016-6104

January 16, 2018 from 1pm to 2:30pm
OVERVIEWThere are numerous external and internal forces and factors that have an impact on organizations.  Increasingly this list includes the strategic, tactical, and legal activities of managing their human capital. Like the management of their financial capital, effective management of organizations’ human capital plays a critical role in determining their success. And like the benefits of financial audits, HR audits provide management with a method of determining whether human capital is…See More
22 hours ago

Forum

Occupational Health and Safety 5 Replies

Health and safety are important aspects of an organisation’s smooth and effective functioning.  Did you know that workplace health & safety injuries cost Australian businesses over $60 billion…Continue

Tags: Safety, and, Health, Occupational

Started by WHS Solutions. Last reply by Tara safe Nov 16.

QlikView for its Safety Strategic Business Intelligence Solution Worldwide

QlikTech (NASDAQ:QLIK), a leading…Continue

Tags: Qlikview, safety

Started by nicolewells Nov 15.

What's your favorite motivational/safety quote? 102 Replies

Favorite Motivational Quote: If you want something, you'll find a way - If not, you'll find an excuse.Favorite Safety Quote: Don't learn safety by accident!Continue

Started by Michelle Sears. Last reply by David Collins Nov 14.

Business Intelligence with Big Data happens at Unipê

the college center of João Pessoa will preserve the 1st assembly at big records, geared toward professionals inside the regions of administration, economics, public control and facts technologies.…Continue

Tags: qliksensetraining, qliksenseonline, qliksense

Started by Soujanya Naganuri Nov 1.

Road Safety Solutions 13 Replies

The Road Safety Signs ,Barriers,Humps,Hazard Markers and Visual Warnings are some of the important marks to be observed. Signs such as "keep left",stop, "give way" should not be casually treated.…Continue

Tags: safety, gear, wear, Equipment, &

Started by Enna Henry. Last reply by Barry Oct 26.

Badge

Loading…

© 2017   Created by Safety Community.   Powered by

Badges  |  Report an Issue  |  Terms of Service