Extending Reporting Time Limits
04/19/2020
Is the Pandemic a qualifying factor under Regulation E Extension of Time Limits? Is there a list of situations that qualify?
Rayleen M. Pirnie
Bio:
Rayleen M. Pirnie, AAP, CERP, 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 who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen’s specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. Her programs help organizations identify and mitigate risk and exposure.
She is an Accredited ACH Professional (AAP) and a Certified Enterprise Risk Professional (CERP) who has worked with all payment systems for over 20 years. Rayleen also holds a Bachelor of Science in Criminal Justice Administration.
Questions Answered
ACH: The Balancing Act (or ACH: Beyond the Rules)
04/19/2020
Aren’t all rules for ACH transactions covered in the NACHA Operating Rules and Guidelines?
ODFI Liability – up to 7 years
04/12/2020
If a customer doesn’t report an unauthorized ACH debit within 60 days of settlement, how long is the ODFI responsible for unauthorized consumer debits? Our customer couldn’t review statements, so they reported it to us outside of our return deadline.
Illegal and Unauthorized ACH Liability
04/12/2020
If we post ACH transactions by account number, as allowed under the ACH Rules, are we in compliance?
Overlapping coverage of laws
04/05/2020
Are government benefits payments subject to all of the rules in the ACH Rules Book?
ACH with mismatched name and account number
03/29/2020
What should we do when we receive an ACH credit, but the name and account number in the record don’t match the account titling or ownership?
ACH 101: Continuing Education
02/16/2020
Do employees outside of Operations really need to understand the ACH Network?
ODFI Liability – up to 7 years
02/09/2020
How long is the ODFI responsible for unauthorized consumer debits?
Is your bank an ODFI?
02/02/2020
We only process loan payments for our customers, where our customer can make loan payments using their account at another bank. Are we an ODFI or RDFI?
Warranties and Liabilities in the ACH Network
01/26/2020
Aren’t ODFIs responsible for everything in the ACH Network?