Validate and Verify: Proper use of Prenotification & Micro-Deposits
Does your institution know your rights and obligations? In this session, we will explore the proper initiation and handling of micro-entries and prenotes. (Rec. 5/26/22)
Recorded: May 26, 2022
With Nacha's new WEB debit account validation rule in place, and the recent passage of the rules related to micro-deposits RDFIs can expect to see an increase in the number of micro-entries and prenotes received. Does your institution know your rights and obligations? In this session, we will explore the proper initiation and handling of micro-entries and prenotes. Properly handling these items can help to reduce the number of future exception items and reduce future headaches.
This session will cover:
- Micro-entries and Prenotes defined
- Formatting requirements
- Appropriate uses of micro-entries and prenotes
- Returning micro-entries and prenotes
Your registration includes:
- A copy of the presentation materials
- Unlimited video replay
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