Event Details*
Thursday, June 27, 2024
2:00 - 3:00 pm ET
Webinar; 1.2 NCP CEU Eligible
Level: Beginner
Event Registration**
Member Price: $150.00
Non-Member Price: $325.00
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.
In an ideal world, there would never be a need for a Financial Institution to get involved in transaction disputes between paying and receiving parties. Unfortunately, the world is far from perfect. There are multiple scenarios when a Financial Institution must get in the middle of situations to resolve stop payment requests for their account holders.
Financial institutions must act upon an account holder's request to stop a payment that may present against their account. It sounds simple, but many factors come into play depending on the stop-payment scenarios. Not all stop payments are the same, and understanding the account holder's intent is a critical first step. Many requirements must be met to process a stop payment correctly, such as how the request was received, what type of payment it is, what rules and regulations apply, and even what the institution's disclosures state.
In this session, we will explore the requirements of various stop payment types, including those for checks payments, learn of the differences between consumer and business stop payments, including the difference in associated requirements, and review applicable rules, regulations, and governance, such as those addressed in the Uniform Commercial Code. Attendees leaving this session should feel more confident in their ability to ensure stop payment practices, and procedures meet all applicable requirements.
Come join us as we dive into the world of stop payments and on checks.
Attendees will:
• Differentiate between consumer and business stop payment requirements
• Explain the requirements of the Uniform Commercial Code regarding business stop payment obligations
• Apply newfound knowledge to existing process and procedures
Speaker:
• Mark Dixon, AAP, APRP, NCP, Vice President, Education, NEACH
Audience:
• Anyone involved in check processing/RDC
• NCPs
• Operations
*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.