Free Webinar Series Presented by ACH Direct, Inc. Continues with "Unauthorized Entries and Stop Payments"
(ALLEN, TX – June 8, 2011) It happens. From time to time organizations receive a returned transaction that is marked as unauthorized or their customer simply stops the payment. They need to know the details on why and when an entry is returned as unauthorized and what their roles and obligations are as a Company. In addition they should know the difference between a Stop Payment and an unauthorized transaction, as well as what they should do when an item is returned as Stop Payment.
The fourth in a series of eight free webinars, presented by ACH Direct in conjunction with UMACHA about all things ACH, continues with "Unauthorized Entries and Stop Payments" on Tuesday, June 21, 2011 at 1pm CST.
"It is important for merchants to learn how to properly handle ACH / Electronic Checks returns so their business so can act as efficiently as possible." said Jeff Thorness, President and CEO of ACH Direct. "We're happy to continue our partnership with UMACHA and offer this comprehensive series free to anyone interested in learning how to implement and best leverage the capabilities of the ACH Network."
Participants should register in advance for this and every webinar at www.achdirect.com. Each session will take place from 1:00 p.m. to 2:30 p.m. Central Time and will include time for questions and answers.
Additional series topics and dates are as follows:
July 19, 2011 – e-Check Conversion Products
Requirements for Originators (Companies) for WEB (Internet Initiated Entries) and TEL (Telephone Initiated Entries) will be discussed in detail.
August 16, 2011 – WEB and TEL Entries
A paper check converted to an ACH transaction, specifically ARC, POP and BOC will be examined in this session.
September 13, 2011 - Check Basics / Check 21
This session will cover basic information on how a check travels; the participants in the check process; the regulations and an overview of Check 21.
October 18, 2011 – Remote Deposit Capture (RDC) Basics / Corporate Capture
Join us to hear the corporate benefits of using RDC; company warranties; how to avoid duplicate processing; secure storage and destruction of the paper check will be discussed.
About ACH Direct, Inc.
ACH Direct is a premier payment processor specializing in helping businesses reduce costs and improve operational efficiencies through the automation of payment acceptance and disbursement functions. ACH Direct features a comprehensive suite of payments products and services including credit card, debit card, and ACH / eCheck processing for virtually every payment method and sales channel. Additional information about ACH Direct can be found at www.achdirect.com.
Financial institutions and corporate members across the Midwest choose UMACHA as a key resource to enhance their understanding of electronic payments. Its mission is to support its members and other stakeholders in payment system participation through education and training, marketing and operational support, information dissemination and consulting, with a particular emphasis on the ACH network.
For more information contact:
Contact: Jay Alsup