A2Z of ACH - Authorizations, Revocations, and NOCs - Part 2

Why Should You Attend:

Obtaining a proper, valid authorization is one of the most important steps a business can take. Proper authorizations reduce returns, legal disputes, compliance issues, and losses, but each type of transaction has different authorization criteria. All the different requirements can be confusing. And remember, your business also has authorization-related obligations that range from providing proof of authorizations to consumer data protection.

In this course, the instructor will examine sound business practices of the authorization process, from developing to collecting, storing and protecting. When consumers revoke their authorization, businesses have new obligations under the ACH Rules. The revocation inactivates the authorization you have for the consumer, for which the course will evaluate tried and true practices for businesses to collect and act on revocations.

At times, accounts for your customers or business partners change so you will receive Notifications of Change (NOCs). Properly handling NOCs requires understanding what is being communicated to you and acting properly on this new information. The instructor will dissect an NOC and help attendees determine what actions are required.

In addition to course materials, attendees will receive a Quick Reference Standard Entry Class Code Guide. We encourage attendees to keep your ACH Rules book handy. You can get a copy from your financial institution, a regional payments association in your area, or order one from www.nacha.org.

Webinar Series:

Learning Objectives:

• Recognize authorization requirements for different types of ACH transactions
• Summarize authorization handling requirements
• Discover sound business practices to manage revocations
• Identify Notification of Change obligations

Areas Covered in the Webinar:

• Authorizations
• Define a valid, proper authorization
• Unique requirements for different Standard Entry Class Codes
• Sound business practices to manage the authorization process
• Protecting consumer information
• Responding to a request for an authorization
• When you may need a new authorization
• Notifications of Change
• What they are
• How to handle when you receive one
• When action is required
• Revocations
• When consumers revoke their authorization
• Sound business practices for handling revocations
• What the ACH Rules require
• Other considerations

Who Will Benefit:

• Financial Institution Executives and Professionals
• Banking Operations Managers and Staff
• Treasury Management
• AAPs (Accredited ACH Professionals)
• Payroll Processors
• Company /Business Owners (Originators)
• Banking Managers/ Supervisors
• Third-Party Service Providers and Third-Party Senders
• Audit and Compliance Personnel / Risk Managers
• Professionals from Financial Institutions
• Treasury Management
• Any business that currently uses ACH and wants to expand their knowledge
• Businesses who plan to expand their use of ACH and want to explore transaction options
• Businesses exploring ACH for the first time

Instructor Profile:

Rayleen M. Pirnie, AAP, is CEO and founder, RP Payments Risk Consulting Services, LLC, based in Missouri. She is a nationally recognized payments risk and fraud expert. Her programs educate financial institutions and businesses on topics ranging from payments fraud to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.

With her avid interest in risk management, she has supported many notable organizations over the years. She is a member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise.

For 16 years, Ms. Pirnie has spoken at national and regional conferences. Recent events include NACHA’s Payments Conference, the American Bankers Association Risk Management Forum, The Security Matters Annual Conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City Risk Management Conference. She holds a Bachelor’s of Science in Criminal Justice Administration and is an Accredited ACH Professional (AAP).

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