This webinar is designed to take the “confusion” out of doing ACH Returns when using the seven most commonly used Return Reason Codes. The Return process can be complicated, this session will include details on when, how, and why when doing Returns using the seven most common Return Reason Codes. Included will be an overview on the “entire” Returns Process (including timeframes and Return Codes), from your General Returns to Extended Returns, Dishonored Returns, Contested and Corrected Dishonored Returns. And the Return process - explained simply; utilizing multiple examples to demonstrate.
Doing ACH Returns can be confusing and frustrating. Each day in ACH operations, there are Entries that need to be returned. The reasons could range anywhere from insufficient funds to stop payments to unauthorized or even authorization revoked. This session will help clear things up and take the confusion and frustration out of doing ACH returns. The seven most common ACH Return Reason Codes will be discussed with time-frames, paperwork needed and any other details pertinent when processing the ACH return Entry. Examples to outline the process will help bring the learning home.