ACH Returns can be complicated and requires attention to detail.  In the ACH network, for years, returns have been sent – typically with financial institutions processing exception items on Day 2; why not change that now in the new Same Day ACH environment?  There are many opportunities with the extra settlement windows for exception processing to change (if the RDFI wants to) – this session will identify the options and it’s up to the participant whether they will utilize the option or not.

The Return “Rules” aren’t changing – the difference is that there are now extra windows of opportunity to “transmit a Return Entry” earlier…on the same day this Entry is an exception.  For example, unable to locate account, account closed, NSF, Unauthorized are all reasons an entry can be returned…why not return that entry (that’s on the exception report) on the day it “is” an exception processing item. Examples of these types of returns and the “what if’s” are included to differentiate between the returns processed next day AND Returns processed “Same Day”.

Course Objectives:

As an RDFI are you utilizing the full potential of the “return process” in the NEW Same Day Environment. You CAN do “Same Day” Returns WITHOUT having to pay the 5.2 cent fee for each Same Day Entry. Same Day Returns do NOT pay the fee but can receive settlement for the returns as soon as the same day.

Using the “Same Day Return” function is not mandatory, and Returns can still be completed like they are today (processing exception items/returns on Day 2).  But, if you knew that you “could” get same settlement for a return done on the same day of settlement – this is not JUST about returning “same day” entries on the same day…this is taking any ACH item on any given day (the exception or rejects report) and returning it that very same day!

Course Outline:

• Identify the timeframes Returns can be done in the legacy ACH system and the Same Day environment
• Define the difference when doing Returns between the legacy ACH system and the Same Day environment – timeframes and settlement
• List the settlement times when Returns can settle if done on Same Day vs. next day
• Describe how the RDFI can benefit from doing Same Day Returns vs. next day returns
• Outline the process using scenarios to identify the benefits and processes involved

What You Get:

• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points

Who Will Benefit:

•  ACH Operations staff
•  Compliance Officers (Auditors)
•  ACH Managers
•  Electronic Payments Professionals
•  AAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
•  Financial Institution Professionals (New/Current Operations Staff)
•  Banking Operations Managers and Staff
•  Compliance and Risk Professionals
•  Treasury Management Professionals
•  Aspiring and Current AAPs (Accredited ACH Professionals)
•  Payroll Processors
•  Company/ Business Owners (Originators)
•  Anyone who wishes to enhance their knowledge of new rules