RW Advantage - Webinars

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Event Name:Payment Agreements for ACH and RDC - 2-Part Webinar Series
Date:Friday, February 24, 2017 11:00am CST
Presented By:BankersHub
Panelist(s) Info: Paul Carrubba, Attorney- Banking and Finance - Adams and Reese LLP
Credits:2.4 AAP Credits, 2.0 CPE Credits

Part One: ACH Agreements, Authorizations, and Disclosures: Complying with the Rules

As an ODFI of ACH, you should understand the warranties and liabilities as an Originator or Third Party Sender. The ODFI/Originator agreement details the rights and responsibilities of each entity in the ACH payments stream. What is your responsibility as a financial institution for errors, contingency events, non-compliance, security requirements and other NACHA Rule requirements?

This webinar will take attendees through the following legal and compliance responsibilities:

  • NACHA Operating Rules Requirements
  • Authorization Requirements
  • ODFI/Originator/Third Party Sender responsibilities
  • Uniform Commercial Code 4A – Security Procedures

Part Two: RDC Remote Deposit Capture Agreements for Commercial, Consumer and the Mobile Device

Remote Deposit Capture, just like other payment collection systems have guidance, laws and rules that are required for a financial institution to mitigate the risks and ensure compliance with its RDC Program. This webinar will cover FFIEC Guidance on remote deposit capture which includes all types of remote capture (i.e. merchant, mobile, ATM etc.).

This webinar will take attendees through the following legal and compliance responsibilities:

  • A comprehensive review of FFIEC Guidance on Remote Deposit Capture
  • Federal Reserve Bank laws
  • Electronic Check Clearing House Organization (ECCHO) rules
  • Check 21
  • Uniform Commercial Code
  • Agreements between you and your customers (commercial and consumers)
  • Regulation J, and
  • Regulation E for consumer entries that are converted to ACH.

These sessions will provide a legal and compliance perspective of a financial institutions responsibilities in gathering such documents during the account opening process.