Processing Federal Government ACH payments follow different Rules for certain processes such as the banks liability when a deceased person is receiving federal government benefit payments. Participants will learn about commercial vs. government reclamations, what the difference is and how to handle processing each one (there IS a difference!). Examples used throughout the session will apply the processes and guidelines discussed to help bring the details to real-life scenarios.
This 90-minute session will discuss details about how processing federal government payments differ from the NACHA Operating Rules. Processing ACH payments from the federal government can be challenging. This webinar training will outline details on when account holders are deceased and what your responsibilities are to the federal government if they are receiving benefit payments. The NACHA Operating Rules still apply when processing these payments but the Green Book outlines exceptions when handling DNEs (Death Notification Entries) and federal government reclamations.
WHY SHOULD YOU ATTEND
You will learn what the green book is and how this valuable on-line tool will help you with processing DNE’s and federal government reclamations. What is the Bank’s liability when receiving Federal Government benefit payments and the person is deceased – there is full and limited liability? Knowing the difference and what you NEED to do when an account holder passes will be covered. Commercial reclamations have less liability and differ greatly from processing federal government reclamations; the speaker will cover details on each, including the difference between the two types of reclamations.
WHO WILL BENEFIT
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