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Course description

The ACH Rules are processing guidelines; they do not encompass every aspect of responsibility or compliance for ACH transactions. The latter is covered in laws and regulations. 

UCC4A plays a significant role in the ACH. Financial institutions and business Originators of ACH need to understand the complexities of this state law, how it applies to transactions, and how compliance obligations and liability for transactions is allocated. 

In this course, attendees will learn terminology used in UCC4A; identify the enforceability of payment orders; record procedures for unauthorized entries and security procedures; resolve issues relating to duplicate and erroneous entries; locate provisions impacting potential liability, including the statute of repose, choice-of-law, contract provisions, liability shift, commercially reasonable security, and more.


WHO SHOULD ATTEND:

This informative session is designed as an introduction to the Uniform Commercial Code 4A related to ACH transactions. Anyone who works with business customers or business ACH transactions will benefit from this program including Operations, Legal counsel, Lenders, Management, Compliance, etc. 

Instructor(s)

Rayleen Pirnie

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert. Her programs educate financial institutions and businesses on topics ranging from payments fraud to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.Always interested in Risk Management, Rayleen has supported many notable organizations over the years. She is a member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise. For 16 years Rayleen has spoken at national and regional conferences. Recent events include NACHAs Payments Conference, the American Bankers Association Risk Management Forum, the Security Matters annual conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City Risk Management Conference.

Course curriculum

  • 1

    Webinar

    • Access Webinar
  • 2

    Materials

    • Slides

    • Questions and Answers