EVENT: Handling Suspect International ACH Transactions (IATs) (Session Code: 490)
The International ACH Transactions (IAT) application was introduced into the ACH Network in September 2009. According to NACHA, approximately 30 million IAT transactions were processed in 2012 and even more are expected in the future. What percentage of these will your credit union receive? But more importantly, are you properly processing these entries? This session provides you with an overview of the rules surrounding IAT and highlights your responsibilities in the processing of IAT entries, including OFAC compliance obligations. Additionally, we’ll discuss recent ACH Rules changes related to IAT processing.

• Acceptance of IAT entries, including posting and availability
• Review the 2012 ACH Rules clarification on The Effect of Illegality
• What information needs to be screened
• Handling of suspect transactions and when to contact OFAC
• ACH Rules updates related to IAT

Illinois Pricing:
Affiliate: $ 100.00
Non-Affiliate: $200.00

Out of State Pricing:
Regular: $ 150.00

Contact: Drew Kayvani (Illinois Credit Union League)
Phone: 630-983-3418
Fax: 630-983-3212
Email: drew.kayvani@ilcusys.org

Speaker: Shelly Simpson
Speaker Bio:
Shelly Simpson, AAP, joined EPCOR in 2005 following an 11-year career with the Federal Reserve Bank of Kansas City. As the Payments Education Assistant Director with EPCOR, she designs and conducts education programs in support of ACH, cards and checks to over 2,300 financial institutions and corporate members throughout the central United States. Shelly also presents at regional and national industry conferences as an ACH payments expert and received her Accredited ACH Professional designation in October 2006.


Location 1:
Telephone - QB - June 27, 2013: 10:00 am CT
Duration: 11:00 am CT

Online registration for this event has ended.