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Validate and Verify! The Proper Use of Micro-Entries and Prenotes
1.8 AAP/APRP Credits
With Nacha's new WEB debit account validation rule in place, 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
- Appropriate uses of micro-entries and prenotes
- Returning micro-entries and prenotes
This session is ideal for ACH Operations, AAP Candidates, and Audit & Compliance staff.