Recorded: April 7, 2016

Length: 60 Minutes

Part 2 of a 3-Part Series

The NACHA Operating Rules and Guidelines require that all participating depository financial institutions, third-party senders and third-party service providers that provide ACH services must conduct an annual ACH audit of the following items relating to the receipt of ACH entries. This 60-minute session will arm RDFIs with inside information on how to best comply with NACHA verification requirements including:

• Account numbers validation within Pre-notification entries.
• COR Entries and Notifications of changes (NOCs)
• Acceptance of all types of entries
• Appropriate handling of XCK entries
• Proper settlement and posting of credit and debit entries
• Proper information related to consumer and non-consumer accounts
• Proper timing of return entries
• Handling of late or dishonored returns
• Handling of returned credit entries
• Handing of Stop payment orders
• Proper usage of written statements of unauthorized debits (WSUDs)
• Proper disclosures for UCC 4A compliance
• Proper handling of addenda records

This 60-minute session will arm RDFIs with inside information on how to best comply with NACHA verification requirements.

Presenter: Don Caniglia, Senior Security Consultant with InfoSight, Inc.

Don has more than 40 years of direct experience in Banking and S&L operational Audit, IS Audit, Systems Support and Information Security, with the last 10 years providing IT Audit, Security and Compliance, Risk and Governance consultation services. Don works closely with InfoSight customers to design and implement information security programs. Don performs many seminars and has presented more than 500+ instructional sessions to customers.

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