Responding to ACH NOCs
04/09/2017
What happens when we send a Notification of Change (NOC)?
Rayleen M. Pirnie
Bio:
Rayleen M. Pirnie, AAP, CERP, is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. Her programs help organizations identify and mitigate risk and exposure.
She is an Accredited ACH Professional (AAP) and a Certified Enterprise Risk Professional (CERP) who has worked with all payment systems for over 20 years. Rayleen also holds a Bachelor of Science in Criminal Justice Administration.
Questions Answered
What a prenote can do
04/09/2017
Our customer wants to verify who owns an account. Can a pre-notification do that?
Unintentional same-day transactions
04/02/2017
We heard that some of the same-day ACH credits in Phase I were not intentional. What happened?
ACH Return Reason Codes
04/02/2017
Is every type of ACH return covered in the ACH Rules?
Increased Due Diligence and Risk Management
03/26/2017
We have a large debit originator who has already indicated they want to use same-day debits when Phase II rolls out. Is there any additional due diligence or risk management we need to consider?
Unintended credit to receiver
03/26/2017
Our business customer sent a reversal to correct a credit entry they accidentally sent, but the RDFI returned the correcting debit. Can we do anything?
Balancing ACH Rules with Laws and Regs
03/26/2017
Don’t the ACH Rules already cover everything we need to know about ACH handling and processing?
Preparing for Same-Day ACH Debits
03/19/2017
What are some things ODFIs will need to consider before offering Same-Day ACH debits?
Regulation E or ACH Rules?
03/19/2017
Don’t the ACH Rules cover everything we need to know about ACH revoked authorizations?
Why ACH SECs are important
03/12/2017
As an RDFI (Receiving bank), should we be concerned about which Standard Entry Class Code (SEC) the ODFI (Originating Bank) uses to send ACH transactions?