Customer service and operations staff struggle each day with the question from their customer – “What does my account holder want me to do…Stop this payment, return it, or they may be saying they revoked the transaction, -- what are the next steps?” What form do I need, what do I nned to look for or be sure of when assisting my account holder with these delicate situations.
This session will help answer those struggles and concerns to help the front-line and operations staff determine when to use what form, and what the timeframe is to be able to Stop a Payment vs. outright returning an Entry as unauthorized, vs. authorization revoked. These two topics continue to be the number one issues in the exception processing of ACH transactions on a daily basis.