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Michigan Credit Union League

Education News

CUNA will offer a webinar on Unauthorized ACH Transactions  Jan. 6 from noon-1pm. (ET) will explore how the rules implemented in 2015 lowered the unauthorized return rate threshold to 0.5% and established new return rate levels for administrative and overall returns. A rule change being implemented in 2016 brings about an incentive fee being paid by Originating Depository Financial Institutions (ODFI) that originate transactions that are returned unauthorized. These fees are passed to the Receiving Depository Financial Institutions (RDFI) to help offset the costs of exception processing and customer service. This webinar is beneficial for ACH operations, treasury/cash management, branch personnel, compliance officers and Accredited ACH Professional (AAP) candidates. Registration is $219.

 

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2015-12-21 00:00:00