2017 Lunchtime Learning Series
Individual Session Descriptions:
Tax Refunds Are Coming! Are You Ready?
Friday, February 17, 2017, 12:00 p.m. – 12:30 p.m. CT
What tools may an RDFI use to handle ACH tax return exceptions? We discuss the RDFI's liability for ACH tax refund Entries and methods to use to mitigate damage to account holder relationships and to the balance sheet. We also cover the opt-in program put in place by NACHA and the IRS and the tools available to help simplify your process and prevent fraud.
Reclamations: Federal vs. Commercial, What Is the Difference?
Friday, March 17, 2017, 12:00 p.m. – 12:30 p.m. CT
Did you know that the Reclamation process covered in the NACHA Operating Rules has nothing to do with Federal Government Reclamations? There are different requirements for Federal Reclamations as opposed to requirements for commercial Reclamations. Join us for this Lunchtime Learning session to understand the difference in your responsibilities and liabilities when it comes to the two types of Reclamations.
ACH vs. Reg E Returns, What You Need to Know!
Friday, April 21, 2017, 12:00 p.m. – 12:30 p.m. CT
The ACH Rules and Regulation E have different mechanisms and timelines regarding returns, thus creating a potential "gray area" with respect to consumer error resolution. Let us clarify the differences between the financial institution's obligations under Regulation E and the ACH Rules.
Faster Payments Overview
Friday, May 19, 2017, 12:00 p.m. – 12:30 p.m. CT
As payment professionals, we should have an understanding of the payment channels and the evolution of theses systems. Join us as we cover the Federal Reserve's Faster Payments Task Force, Same Day ACH, and The Clearing House's Real-Time Payments.
Digital Currencies, What Are They?
Friday, June 16, 2017, 12:00 p.m. – 12:30 p.m. CT
As payment professionals, we should have knowledge of the different payment channels and how they work, impact other payments channels, and conflict with other payments channels. Join us as we explore digital, or virtual, money technology from mining to exchange and the risk involved with these types of payments.
ODFI Warranties, Are You at Risk?
Friday, July 21, 2017, 12:00 p.m. – 12:30 p.m. CT
AS an ODFI, did you know that you are responsible for all Entries initiated into the ACH Network with your routing number? This includes what your corporate Originators create. Join us as we explain your general warranties and ways to limit your liability before the warranties are made, before the ACH Entries are placed in the ACH Network.
EMV: Crossing the Finish Line!
Friday, August 18, 2017, 12:00 p.m. – 12:30 p.m. CT
EMV, which stands for Europay, MasterCard, and VISA, is smart chip technology that has become the global standard for credit card and debit card payments. Join us as we review what has happened since EMV was implemented, where we are headed with the final states, and how to limit your liability for fallback transactions.
NACHA Registrations: Direct Access & Third-Party Senders
Friday, September 15, 2017, 12:00 p.m. – 12:30 p.m. CT
In the past, ODFI's were required to register their Direct Access Debit Participant status with NACHA. On September 29, ODFIs will be required to register Third-Party Sender (TPS) status, whether the ODFI has no TPS relationships or one or more TPS relationships. If either of these registrations--Direct Access Debit Participant or Third-Party Sender--are not filed, an ODFI commits a Class 2 Rules violation and is subject to enforcement under the National System of Fines. Join us to understand your responsibility to register TPS status to remain compliant with NACHA Rules.
How Cyber-secure Are You?
Friday, October 20, 2017, 12:00 p.m. – 12:30 p.m. CT
Cyber security is an increasingly critical threat, and cyber attacks against financial institutions and their Originators are on the rise. Cyber threats are real and are becoming more difficult to manage because of the constantly evolving methods and sophistication of cyber criminals. Join us for this webinar to learn useful tips about how your institution should prepare for and manage against these cyber attacks.
WSUD vs. Stop Pay, What is the Difference?
Friday, November 17, 2017, 12:00 p.m. – 12:30 p.m. CT
Without a doubt, the issue of when it is appropriate to obtain a stop payment order or to return an Entry when a Written Statement of Unauthorized Debit has been previously filed remains a source of confusion for many financial institution. Join us for this Lunchtime Learning session to find out the difference and when the Return Reason Codes R07 and R08 are to be used.