Webinars - Live

WSUD vs. Stop Payment: Definitions, Differences, Compliance

August 17 | 3:00 pm - 4:30 pm ET
Category:
Webinars - Live
Contact: Jordan Inkley at jinkley@mainecul.org

Is your staff prepared to deal with the challenges of ACH error resolution? Does that include stop payments and written statements of unauthorized debit (WSUD)?

 

When you understand the definitions and differences, you can provide better member service and avoid losses for your financial institution.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Understand the difference between stop payments for consumers versus non-consumers and what documentation is required for each situation
  • Use the appropriate return reason code for ACH returns utilizing the extended return timeframe
  • Define your institution’s ACH responsibilities under the Nacha Rules and Regulation E
  • Explain why an ACH transaction may not be able to be returned due to an accountholder’s dissatisfaction with the goods or services purchased
  • Distinguish between stop payments, unauthorized ACH transactions, and authorization-revoked ACH transactions

For more information or to register CLICK HERE