ACH Return Responsibilities of ODFI, RDFI, ACH Originators and ACH Operators

Due to ever changing regulatory landscape for financial institutions, rules & regulations keep changing or new ones are added, that address back-office functionality. Nacha operating rules describe and outline the path to follow. 

This payments webinar is intended to provide ODFI, RDFI, ACH Originators, and Operators with network requirements for returning ACH transactions. Participants will learn the appropriate return reason codes based on their role in the transaction and the event that results in the return (e.g., system return or consumer/business-initiated return).

Both an ODFI and an RDFI are considered to be an ACH Operator, which means that they have gone through a level of certification through NACHA, the National Automated Clearing House Association. The ACH return, generally, is sent by the RDFI, but the ODFI or ACH Operator may sometimes send an ACH return message in rare cases. 

This webinar is ideal for deposit and treasury operational and sales teams, compliance, and internal auditors who want to gain a better understanding of the return process. We will go over each aspect in detail and discuss how it relates to your roles and responsibilities.

• Understand the basics of ACH & Nacha
• Be able to discus the flow of funds through institutions
• Be able to know the difference between the various ACH terms

• Network Rules and Guidelines for Handling Returns
• Handling Dishonoured Returns
• Handling Contested Dishonoured Returns
• ODFI Requests for Returns
• Request for Authorizations and Permissible Returns
• Best Business Practices

• Deposit Operations/Electronic Banking 
• Client Facing Teams 
• BSA and Fraud 
• Treasury Sales and Operations 
• Compliance Officers 
• Internal Audit 
• Information Security/Technology 
• Senior Management
• Payments Professionals