This is a 60-minute webinar.
9:00 am – 10:00 am HST
12:00 pm – 1:00 pm PT
1:00 pm – 2:00 pm MT
2:00 pm – 3:00 pm CT
3:00 pm – 4:00 pm ET
“Meaningful modernization.” You don’t hear those words every day – especially as they apply to tried and true ACH practices. But there are new consumer authorization processes that are effective September 17, 2021. Now is the time to prepare and update your procedures.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Explain the new standards for consumer authorizations
- Understand the changes to an oral authorization
- Distinguish when a TEP versus a WEB entry should be used
- Define a “standing authorization” and a “subsequent entry”
- Comply with new requirements for Written Statement of Unauthorized Debits
Modernization is coming to the ACH consumer authorization process, effective September 17, 2021. Now is the time to prepare for minimum standards for all consumer debit authorizations, new oral authorization standards, and introduction of a standing authorization into the rules. Even “Alexa” can now be part of an ACH authorization. This session will detail the new changes including:
- Authorization standards
- Oral authorizations
- Standing authorizations
- Subsequent entries
This course is eligible for 1.8 AAP credits.
Attendance certificate provided to self-report CE credits.
WHO SHOULD ATTEND?
This informative session is ideal for ACH operations staff, AAP candidates, audit personnel, and compliance staff.
- Sample consumer authorization
- Sample written statement of unauthorized debit
- Employee training log
- Interactive quiz
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NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.