Federal Government Payment Processes – DNE’s and Reclamations
OVERVIEW Processing Federal Government ACH payments follow different Rules for certain processes such as the banks liability when a deceased person is receiving federal government benefit payments. Participants will learn about commercial vs. government reclamations, what the difference is and how to handle processing each one (there IS a difference!). Examples used throughout the session will apply the processes and guidelines discussed to help bring the details to real-life scenarios. This 90-minute session will discuss details about how processing federal government payments differ from the NACHA Operating Rules. Processing ACH payments from the federal government can be challenging. This webinar training will outline details on when account holders are deceased and what your responsibilities are to the federal government if they are receiving benefit payments. The NACHA Operating Rules still apply when processing these payments but the Green Book outlines exceptions when han...