Vendor Guru Q&A - Operations

Latest Operations - ACH Topics

NSF Fees on Subsequent Presentments

06/03/2002

After an item has been presented for a third time, the third presentment being ACH, should the customer, legally, have to pay an insufficient funds fee to a bank?

Is there a time frame to return an unauthorized draft on account?

05/20/2002

Where can I find information on the time frame’ to return an unauthorized draft on account?

STATUS OF ELECTRONIC CHECKING: We're Getting There!

05/01/2002

Check Conversion at Lockbox

HIPAA Requirements Are Opportunity for Banks to Serve Health Care Customers, According to NACHA and ABA

04/29/2002

Banking Associations Team on Industry Education

Direct Deposit is a Success for U.S. Employees and Businesses, NACHA Tells House Subcommittee

04/22/2002

Direct Deposit is a very successful electronic payment product that provides numerous benefits to both employees and employers, according to testimony submitted today by NACHA - The Electronic Paym

NACHA Streamlines Rule Enforcement System

04/15/2002

The Electronic Payments Association has approved changes to streamline the National System of Fines rule compliance system as well as increase the amount of the fines.

STATISTICS, FACTS, & SUCH

04/01/2002

The three states with the highest rates of reported identity theft in 2001 were the District of Columbia, California, and Nevada.

When the Direct Deposit Recipient and Account Owner Don't Match

04/01/2002

Is there a regulation that prohibits us from accepting direct deposits, when the person on the direct deposit is not on the account the money is going into? (ie. child support payments, rent payments)

Stupid Fee Tricks

04/01/2002

Can we charge a fee to our customer for a stop payment involving an ACH transaction they would claim to be unauthorized?

Small Businesses Targeted for Internet Banking

02/01/2002

Banks are increasingly targeting small businesses in their Internet marketing efforts, according to Microbanker, which has studied the sites of banks over the last year and recently surveyed the co

Technical 314a Fields

12/03/2023

Does the FinCEN 314a list have specified field definitions? i.e., field lengths.

One Sig Card for All Accounts

12/03/2023

Is it required to have a new signature card for each new account under an existing a person's CIF? If not, is there an example of a CIF card just for the signatures?

Data inconsistencies and payment channels

12/03/2023

How do aging payment solutions lead to data inconsistencies and processing issues across your deposit channels?

Unauthorized or Chargeback?

11/26/2023

A cardholder let's, lets call him Grandson A, use grandma's card to make a Temu purchase. Her other grandson, B, never had authorization to use the card. Grandma begins to get unauthorized or unfamiliar charges from Google and CashApp on her account. She states she thinks Grandson B took her card out of her purse, made the transactions, and placed the card back. Are we able to file a chargeback on the charges based off the her assumption that Grandson B took the card info?

Batch processing and transaction efficiencies

11/26/2023

Is batch processing still the best way to manage daily transactions?

Latest Operations - ACH Topics

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