This comprehensive manual explains the requirements of the Nacha Operating Rules & Guidelines and covers topics such as authorizations, disclosures, processing, funds availability, settlement, error resolution, returns, reversals, retention, audit, all Standard Entry Class Codes and more. It also provides a general overview of related Federal Regulations as well as helpful compliance tips, a resource list, and glossary of terms.
This newly revised 11th Edition is an excellent resource for anyone getting familiar with the Rules or as a companion for reviewing the Rules. It is clearly organized to show how the Rules apply to various participants in the system; Originators, ODFIs, Operators, RDFIs and Receivers. It will help answer many routine questions that would otherwise require researching numerous other regulatory publications.
This manual is an invaluable tool for any candidate studying for the AAP or APRP exams and for those preparing for ACH annual audits or examinations by regulatory agencies.