Processing ACH Reclamations from the Federal Government can be challenging! Chapter 5 of the Green Book has been updated making it mandatory for Financial Institutions to respond to all reclamations must be submitted through the Automated Reclamation Processing System (ARPS) located in Treasury’s Pay.gov web portal (except for responses by DFAS and any Treasury-approved exceptions). The Nacha Operating Rules still apply when processing these payments but the Green Book outlines exceptions when handling DNEs (Death Notification Entries) and Federal Government Reclamations. A side-by-side comparison of Commercial vs. Government Reclamations will be included to know what the difference is and how to handle each one.

Why Should You Attend:

Processing ACH Federal Government payments differ slightly from the Nacha Operating Rules when it comes to benefit payments and the liability of the RDFI (Receiving Depository Financial Institution). Chapter 5 of the Green Book has been updated making it mandatory for Financial Institutions to respond to all reclamations must be submitted through the Automated Reclamation Processing System (ARPS).

Also noted in the Green Book -- Note: We will no longer accept remittances related to reclamation responses.

Included will be discussion on the process for deceased account holders and your responsibilities to the Federal Government if they are receiving federal government benefit payments.

Course Objectives:

This 90-minute session will provide the details on what is different and how the Federal Government has adopted the Nacha Operating Rules and what the exceptions to those Rules incorporate for the Federal Government. You will learn what the Green Book is and how this valuable on-line tool will help you with processing DNE’s and Government Reclamations. Commercial Reclamations differ from Federal Government Reclamations; the speaker will cover the difference between the two, which also discusses the liability for the RDFI when handling both these types of reclamations. Examples used throughout the session will apply the rules discusses to help bring the details to life.

Course Outline:

• Chapter 5 of the Green Book has been updated making it mandatory for Financial Institutions to respond to all reclamations must be submitted through the Automated Reclamation Processing System (ARPS)

• Detailed processes on handling Death Notification Entries (DNE’s)

• Timeframes to return ACH Entries for deceased accountholders.

• Describe Return Reason Codes when returning benefit payments for deceased account holders.

• How to handle and process Federal Government Reclamations.

• Timeframes for responding to Government Reclamations.

• Difference between handling Commercial

• Reclamations and Federal Government Reclamations

What You Get:

• Training Materials

• Live Q&A Session with our Expert

• Participation Certificate

• Access to Signup Community (Optional)

• Reward Points

Who Will Benefit:

• Bank operations staff

• New employees in the payments industry

• Bank managers and payment professionals

• CEO’s and CFO’s

• Risk, Compliance and Audit personnel