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ACH Warranties & Indemnifications
Ameerah Needham

Please join Ameerah Needham, AAP, APRP, for this informative session as we discuss ACH warranties and indemnifications.

Price: $299.00

Venue

This is a virtual event, accessible online. Access instructions will be provided after registration.
ACH

Every financial institution participating in the ACH Network provides general warranties to other participants in the processing of ACH entries. These warranties begin with the Originating Depository Financial Institution (ODFI) and flow downstream to the ACH operator then onto the Receiving Depository Financial Institution (RDFI). In turn, the RDFI makes warranties to the ACH operator and the ODFI for each entry it returns. For an ODFI, warranties extend to cover all origination activity, to include entries originated by external originators and any Third-Party Sender (TPS) or Third-Party Service Provider (TPSP). In addition to the general warranties, there are specific warranties as well. The specific warranties are based on the Standard Entry Class (SEC) code. With these warranties come indemnifications. The indemnifications place liability on the responsible party for any breach of warranty. Do you know what you are warranting? Do you understand the potential cost of the indemnification?

Please join Ameerah Needham, AAP, APRP, for this informative session as we discuss ACH warranties and indemnifications.

WHAT YOU'LL LEARN

Just a sampling of what this webinar will cover:

  • Discover the differences between general and specific warranties
  • Know which warranties and indemnifications apply to your financial institution
  • Understand the warranties of an ODFI for its Originators, TPSPs, and TPSs
Price: $299.00

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PRESENTER

Ameerah Needham

WHAT'S INCLUDED

  • Access your training anywhere, with a computer, tablet or smartphone.
  • Engaging and up-to-date training to support your career and your organization.
  • Handouts you can distribute to your board and staff.