ACH Appendix 8: Are you meeting all of the requirements? PART 2 of 3

NACHA intends to adapt to the ever-changing payments environment by regularly adding to and amending the Rules. Additionally, NACHA's authority to initiate enforcement proceedings for a potential violation of the Rules has been expanded.

To help you ensure that your organization is up-to-date on ACH payments requirements, InfoSight invites you to join our three-part educational series focusing on the new and forthcoming ACH Appendix Eight requirements. We'll examine current and upcoming Rules, including each Rule's impact, technical information, recommendations and best practices.

To watch this webinar in full and get access to parts 1 and 3, click here: http://www.infosightinc.com/LPs/webin...

• Part One: An Examination of ACH 8.1 General Audit and 8.2 Verification Requirements
   • ACH Appendix 8: Are you meeting all o...  

• Part Two: An Examination of ACH Appendix 8.3 and the Responsibilities and Obligations of RDFIs in Verification Requirements

• Part Three: An Examination of ACH Appendix 8.4 and the Responsibilities and Obligations of ODFIs in Verification Requirements
   • ACH Appendix 8: Are you meeting all o...  

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PART TWO

The NACHA Operating Rules and Guidelines require that all participating depository financial institutions, third-party senders and third-party service providers that provide ACH services must conduct an annual ACH audit of the following items relating to the receipt of ACH entries. This 60-minute session will arm RDFIs with inside information on how to best comply with NACHA verification requirements including:
• Account numbers validation within Pre-notification entries.
• COR Entries and Notifications of changes (NOCs)
• Acceptance of all types of entries
• Appropriate handling of XCK entries
• Proper settlement and posting of credit and debit entries
• Proper information related to consumer and non-consumer accounts
• Proper timing of return entries
• Handling of late or dishonored returns
• Handling of returned credit entries
• Handing of Stop payment orders
• Proper usage of written statements of unauthorized debits (WSUDs)
• Proper disclosures for UCC 4A compliance
• Proper handling of addenda records

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