Electronic payments now officially outnumber payments by check, according to the Federal Reserve. The fastest-growing piece of the electronic payments pie has been the ARC check conversion transaction. In a bid to solidify the Automated Clearing House's role in the payments industry, the National Automated Clearinghouse Association (NACHA) has made significant inroads into the traditionally paper-based payments sphere, making check conversions one of the industry's major success stories.

WEBINAR TIME: 11:30AM - 1:30PM PT 12:30PM - 2:30PM MT 1:30PM - 3:30PM CT 2:30PM - 4:30PM ET

NACHA has adjusting its rules to bring under better control industry players that have abused the ACH system, using commercial ACH transactions with consumer accounts, putting bankers in the middle between Regulation E and ACH rules that caused the banks to charge off large numbers of transactions.

Join BOL Guru John Burnett for "Making Sense of the ACH Rules" to learn about:

• ACH Standard Entry Class codes and what they mean
  
• Corporate vs. Consumer ACH payments
  
• The use of authorizations for recurring ACH payments
  
  • Cancelling authorizations
  
  
• Use of the ACH for check conversions at point of purchase and by lockbox operations
  
• Required notices for check conversions
  
• The Federal Reserve's Regulation E proposal for check conversion disclosures
  
• Stopping payment on ACH transactions
  
  • Three day notice (NACHA and Reg. E)
    
  • In time for action by the bank
  
  
• Stops on paper transactions converted to ACH
  
• Returning ACH transactions
  
  • Unauthorized
    
  • Payment stopped
    
  • Missed stops on ARC/RCK transactions
    
  • Which return code to use
  
  
• Need for WSUPP
  
• Time limits for returns
  
• ACH warranties
  
• Corporate transactions in consumer accounts
  
  • New NACHA rule protects banks
  
  
• Keeping current on rules changes

Location:	Webinar
Price:	$225 Early Bird - Registration one-week prior to the event
Sponsor:	BOL Learning Connect
Contact:	Carin Eisenhauer carin@bankersonline.com 888-229-8872
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