Risk Management and Handling Federal ACH Payments

Tuesday, August 8, 2017, 2:00 PM - 3:00 PM ET

The liability to an RDFI when handling federal benefit payments is dramatically different than when receiving commercial ACH payments. Compliance with treasury requirements is critical in mitigating the increased risk of handling federal benefit payments. This session will address RDFI responsibilities and liabilities upon receipt of notification of death or a Death Notification Entry (DNE) for a federal government beneficiary, and provide guidelines for handling payments after learning of the death of an account holder.