Third-Party Service Providers and Third-Party Senders play a valuable role in helping businesses and other organizations benefit from originating ACH payments for services, such as paying employees or collecting rent, homeowners; association (HOA) dues, tuition, or other payments with ACH debits.
With the passing of the Third-Party Sender registration rule, identifying a sender versus a provider is more critical than ever. Failing to identify and register a Third-Party Sender has the possibility of resulting in fines, or at least unwanted attention, from NACHA and regulatory bodies. In this session, we help you analyze and identify which payments intermediary is involved and explain what obligations your Financial Institution has when utilizing Third-Party Service Providers.
This On Demand course may be selected as an elective for the ePayResources ACH Certification Program.
Please note that on-demand courses remain available for 90 calendar days after your registration is processed. Unlimited viewing is allowed within the 90-day period. Once the 90 days have passed, ePayU subscribers accessing Subscriber Content can simply re-register for the course at no charge and begin it again. If you are accessing Premium Content or are not an ePayU subscriber, you must pay an additional registration fee to access a course again after the original 90-day period.
AAP/APRP: Up to 0.8
Item Number - LMSR8004