ACH Warranties & Indemnities

Compliance Frontline & New Accounts Human Resources Information Technology Operations

On-Demand Webinar:

StreamedJul 2, 2024Duration60 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Do you know the difference between an ACH warranty and an indemnity?

What happens if you can’ t settle a dispute with another financial institution? This webinar will answer these questions, plus address ACH authorizations, NOCs, and situations where checks are converted to ACH debits. Don’t miss this practical program.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Distinguish between a warranty and an indemnity within the scope of ACH payment processing
Explain what the Originating Depository Financial Institution’s (ODFI) authorization warranty is and how a Receiving Depository Financial Institution (RDFI) can use the breach of authorization warranty claim process to attempt to recover disputed funds
Understand the warranties made by an RDFI when transmitting a Notification of Change and the repercussions when an operational error results in an erroneous Notification of Change
Detail the ODFI’s warranties when processing check conversion entries and describe how an RDFI can use the breach of warranty process to recover funds when a check has posted to a receiver’s account as both a physical check and a converted ACH check entry
Define what Nacha’s System of Fines is and describe how it can be used when ACH Network participants are not complying with the Nacha Operating Rules

WEBINAR DETAILS

Regardless of whether you are an ODFI, RDFI, or both, your institution makes warranties and indemnities to other ACH Network participants every day. This program will address what these are and the importance of understanding them. It will take a deep dive into ACH authorizations, Notifications of Change, and transactions where an eligible source document (i.e., check) is converted to an ACH debit.

You’ll also learn what to do when you are unable to resolve a dispute with another financial institution regarding an asserted breach of warranty. This session is ideal for treasury management and ACH operations staff.

WHO SHOULD ATTEND?

This informative session is designed for payment operations professionals, including ACH operations specialists, ACH operations managers, treasury management specialists, treasury management managers, and others in similar payment operations roles.

TAKE-AWAY TOOLKIT

Article: Proof of Authorization Complaints Keeping System of Fines Busy
Sample document: breach of ACH authorization warranty claim letter
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.

Presented By

Eric Wester