From data breaches to sophisticated social engineering schemes, fraudsters have a lot of accessible consumer and business data to successfully perpetrate tax refund fraud.

The Federal Reserve Bank has published their Operating Circular No. 8 for Funds Transfers through FedNow and their Operating Procedures.

Many institutions struggle with the challenges associated with managing Third-Party Sender relationships.

Ideally, when an ACH Entry is Originated through the ACH Network, there will be no issues or hiccups in ensuring the successful processing and posting of that transaction.

This session will take a deeper dive into exception handling, focusing on how to properly use the extended return reason codes, including what codes require a completed Written Statement of Unauthorized Debit form and which do not.

Exception handling is a critical function within an RDFI.