Federal government ACH reclamations can be hard to process correctly. This 90-minute ACH government reclamations webinar explains how the Green Book adapts the Nacha Operating Rules for federal benefit payments, and where its exceptions apply.
Chapter 5 of the Green Book requires financial institutions to submit all reclamation responses through the Automated Reclamation Processing System (ARPS) on Treasury's Pay.gov portal, apart from DFAS responses and Treasury-approved exceptions. Remittances tied to reclamation responses are no longer accepted.
You'll learn how to handle Death Notification Entries (DNEs), return timeframes and reason codes for deceased account holders, and RDFI liability, with a side-by-side comparison of commercial and government reclamations and worked examples.
Federal government payments follow the Nacha Operating Rules with important differences for benefit payments and RDFI liability, and mistakes can leave your institution liable. This session explains your responsibilities when a benefit recipient dies, how to use the Green Book online, and how commercial and government reclamations differ.
It suits bank and ACH operations staff, new payments employees, managers, CEOs and CFOs, risk, compliance and audit personnel, and current and aspiring AAPs.
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience as the education service director at a Regional Payments Association (RPA), where she managed and facilitated the entire education program for nearly 800 financial institution members. Prior to that, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).