Duration: 90 minutes including question and answer session.
Presenter(s): Ameerah Needham, AAP, APRP, director, payments education, ePayResources
Price: $299.00, On-Demand includes full audio presentation, question and answer session, and presentation slides.
Credits: Live webinar approved for 1.5 NASBA credit hours (Management Services).
Who Should Attend? Operations personnel, operations officers/supervisors, electronic payments operations, compliance staff, risk and fraud personnel, internal auditors, external auditors, AAP and APRP candidates, any individual interested in learning more about the warranties and indemnifications found in the NACHA Operating Rules
Every financial institution participating in the ACH Network provides general warranties to other participants in the processing of ACH entries. These warranties begin with the Originating Depository Financial Institution (ODFI) and flow downstream to the ACH operator then onto the Receiving Depository Financial Institution (RDFI). In turn, the RDFI makes warranties to the ACH operator and the ODFI for each entry it returns. For an ODFI, warranties extend to cover all origination activity, to include entries originated by external originators and any Third-Party Sender (TPS) or Third-Party Service Provider (TPSP). In addition to the general warranties, there are specific warranties as well. The specific warranties are based on the Standard Entry Class (SEC) code. With these warranties come indemnifications. The indemnifications place liability on the responsible party for any breach of warranty. Do you know what you are warranting? Do you understand the potential cost of the indemnification?
Please join Ameerah Needham, AAP, APRP, for this informative session as we discuss ACH warranties and indemnifications.
WHAT YOU'LL LEARN
Just a sampling of what this webinar will cover:
- Discover the differences between general and specific warranties
- Know which warranties and indemnifications apply to your financial institution
- Understand the warranties of an ODFI for its Originators, TPSPs, and TPSs
YOUR CONFERENCE LEADER
Your conference leader for "ACH Warranties & Indemnifications" is Ameerah Needham, AAP, APRP. Ameerah is director, payments education with ePayAdvisors. In this role, Ameerah works with the Payments Education team in developing and delivering payment-related education content. Ameerah also serves as director of payments risk and compliance for ePayAdvisors, where she conducts payments related audit, risk assessment and consulting services for financial institutions.
Ameerah has over eleven years of experience in the financial services industry. Before joining ePayAdvisors, she was the director of electronic payments for PrimeWay Federal Credit Union. As a member of the senior management team, she was responsible for project implementation and direct oversight of the electronic services department which included wire transfer operations, debit and credit card operations, ACH operations, ATM operations, share draft operations, remote deposit operations and online banking management.
She obtained her certification as an Accredited ACH Professional in 2017 and her Accredited Payments Risk Professional certification in 2018.
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CERTIFICATES OF PARTICIPATION
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