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NACHA: Authorization & Stop Payments Teleseminar

Date: Tue, 10/30/2012 - 17:52

Submitted by Rusty_H
on Tue, 10/30/2012 - 17:52

Posts: 6 Credits: [Donate]

Total Replies: 1


Feeling frustrated that my local branch manager hadn't heard of the ACH Revocation letter I set out to do more research.

This teleseminar given by the NACHA (the Electronic Payments Association) is a simple Q&A document that clearly defines what a bank must do when a consumer presents them with an ACH Revocation letter. It also focuses on the difference between a Stop Payment and an Authorization Revoked.

Here's the document from January 2010: http://tinyurl.com/97c8x9w


Tomorrow I'm going heavily armed with information. The more you know...