April 28, 2021
Same Day ACH - Risk Mitigation Best Practices (Three Part Series - Session 2)
11:00 am ET/ 10:00 am CT
Since the adoption of Same Day ACH in the United States in 2016, usage has continued to increase year after year. Businesses found Same Day ACH as a solution for quickly processing in a batch environment during the pandemic and while some feared usage might drop, the opposite has been true. With the success of Same Day and the number of transactions continuing to climb, it is critical that ODFI’s and RDFI’s understand that there are ACH Rules specific to Same Day entries. This series will start with the basic rules and processing and go all the way through the Rules changes that have been implemented and will occur throughout 2021 and 2022. You will learn about processing schedules, eligible items, identifying Same Day entries, funds availability requirements, steps for originating and more. If you are new to Same Day ACH or are currently an active participant in need of a deeper understanding of the Rules, join our payments expert to learn everything you need to know about Same Day ACH.
Session Two - Same Day ACH - Risk Mitigation Best Practices
Over the last several years, payments have begun to move faster, if not immediate. One of the primary reasons that financial institutions have delayed implementing Same Day ACH is RISK! While that is a legitimate concern, there are processes that can be put into place that can help mitigate those risks. Join us as we address risk mitigants, as well as areas that might need extra attention due to potentially increased risk.
AAP/APRP credits 1.2
11:00 am Eastern Time/ 10:00 am Central Time