Managing Stop Payments - 2022
Presented by
John Burnett
Recorded on May 17, 2022
Have you completed this webinar? Please tell us what you think.
The use of ACH transactions by consumers has made it more important than ever that bankers understand the relationship between Regulation E's stop payment provisions and ACH rules. It's also important that bank employees understand the relationship between revocations of preauthorized EFTs and stop payments.
Bankers must also understand the differences between the use of their systems' stop payment functionality and the actual right to stop payment. Not all payments can be stopped, and it's important that bankers know which items will almost always get them into trouble if the bank refuses payment. Failure to understand this concept can lead to lawsuits, increased legal costs, and significant losses.
In this webinar, John will cover:
· The most common payment methods
Participants in the webinar will better understand how to respond when their customer says, “Stop that payment!”
John Burnett
Access Webinar
Slides
Materials
Questions and Answers