NEW! Reversals and Your Role in Them

When:  Aug 10, 2017 from 14:00 to 15:00 (ET)
What recourse does an ODFI or Originator have when an erroneous file or item has been sent through the ACH network? Do you, as a financial institution, allow your Originator to originate reversals, or do you do them on their behalf? Reversals hit upon a number of risks such as operational, credit, and compliance. This session will focus on the Rules surrounding reversing entries and files including timing, formatting and originator responsibilities.