January 12, 2021
Compliance Coffee Break: New NACHA Account Validation Requirement Coming in March - Are You Ready?
These 30-minute "mini-webinars" feature Hudson Cook attorneys presenting on a variety of compliance topics, including auto finance, debt collection practices, mortgage and housing, credit reporting, and more. They take place at 2:00 pm Eastern on the second Tuesday of each month.
You may submit your questions ahead of time via the registration link or submit them via the questions box during the presentation.
January 12: New NACHA Account Validation Requirement Coming in March - Are You Ready?
An upcoming change to the NACHA Rules will impact your business if you allow consumers to authorize you to initiate ACH payments from their deposit accounts via the Internet or a mobile device (payments known under the NACHA Operating as "WEB Debit Entries"). NACHA will be requiring the payees to validate the account before submitting a one-time payment or the first in any series of recurring payments. There are various means a payee can utilize to accomplish this validation, but each comes with pros and cons. Ryan and Katie discuss the upcoming rule change and how to prepare.
Registration required. All fields with an asterisk (*) are required. Registration is offered and available primarily to clients of Hudson Cook, LLP. Please register using a company email address. Attempted registrations using personal email (Gmail, Yahoo, etc.) or academic email addresses (.edu) will not be accepted or will be canceled prior to the date of the webinar, as will registrations from lawyers at law firms, government employees or reporters. After registering and being approved, registrants will receive a confirmation email containing instructions on how to log in to the webinar.