Details
August 25, 2021
Meaningful Modernization Change is Coming to the Rules
5 Amendments to the Nacha Rules effective September 17, 2021
Webinar - 11:00 am ET/ 10:00 am CT
Will Your Originators Need to Review Consumer Debit Authorization Language to Ensure the Minimum Data Elements are Included?
The Rules and process for handling transactions will continue to change within ACH as Nacha looks to improve the user experience. These Rules will be effective September 17, 2021, and are intended to provide clarity with new authorization requirements and flexibility with for the different types of ACH SEC codes. This session will provide you with the minimum data elements and specifically the five Rules will:
- Explicitly define the use of standing authorizations for consumer ACH debits
- Define and allow for oral authorization of consumer ACH debits beyond telephone calls
- Clarify and provide greater consistency of ACH authorization standards across payment initiation channels
- Reduce the administrative burden of providing proof of authorization
- Better facilitate the use of electronic and oral Written Statements of Unauthorized Debit
AAP/APRP credits 1.2
Live Session
11:00 am Eastern Time/ 10:00 am Central Time
Member Price:$200
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08/25/2021
08/25/2021
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Meaningful Modernization Change is Coming to the Rules
Will Your Originators Need to Review Consumer Debit Authorization Language to Ensure the Minimum Data Elements are Included?
The Rules and process for handling transactions will continue to change within ACH as Nacha looks to improve the user experience. These Rules will be effective September 17, 2021, and are intended to provide clarity with new authorization requirements and flexibility with for the different types of ACH SEC codes. This session will provide you with the minimum data elements and specifically the five Rules will:
Explicitly define the use of standing authorizations for consumer ACH debits
Define and allow for oral authorization of consumer ACH debits beyond telephone calls
Clarify and provide greater consistency of ACH authorization standards across payment initiation channels
Reduce the administrative burden of providing proof of authorization
Better facilitate the use of electronic and oral Written Statements of Unauthorized Debit
AAP/APRP credits 1.2
Live Session
11:00 am Eastern Time/ 10:00 am Central Time
Member Price:$200
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Webinar - 11:00 am ET/ 10:00 am CT
None at this time.
