How To Process ACH Unauthorized Debits And Stop Payment Returns

with
Kimberly Ellis
Live Session
$149.00
  • August 4, 2021, 2:30 pm   EST
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

ACH expert Kim Ellis will explain the details of WSUD and stop payment processes and documentation. You will learn how to handle these transactions in your institution.

What You Will Learn

  • How can you determine if an ACH entry is a consumer or non-consumer transaction?
  • What ACH transaction and return transaction flows must you follow?
  • How is the WSUD used?
  • What should stop payment forms include?
When:
Wednesday, August 4, 2021; 2:30 PM Eastern
Scheduled for 60 minutes including question and answer period.

Training Overview

Unauthorized Debits and Stop Payments - Learn the current rules and processing requirements.

Recent ACH rule changes attempt to stop fraud by updating requirements for statements of unauthorized debits. Consumer receivers in ACH may have debit items returned to the originator if they were not properly authorized or if the consumer has revoked their authorization.

You need to understand the current requirements for those returns, the Written Statement of Unauthorized Debit (WSUD), and consumer stop payments. 

  • How can you determine if an ACH entry is a consumer or non-consumer transaction?
  • What ACH transaction and return transaction flows must you follow?
  • How is the WSUD used?
  • What should stop payment forms include?

Who Should Attend?

  • Compliance officers

  • Internal and external auditors

  • ACH auditors

  • Operations officers and managers

  • ACH operations staff

Expert Presenter

Kim Ellis

  • Director of Education at UMACHA
  • 17 years of banking experience, focusing on deposit operations and compliance management
  • AAP
  • Works with business customers in the community bank market
  • Provides assistance and support for ACH and cash management services
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