Start Date: 1/19/2022 1:00 PM MST
End Date: 1/19/2022 2:30 PM MST
The IRS issues over 101 million tax refunds annually and over 80% of these are via Direct Deposit. The average refund is over $3,000. Each spring financial institutions are faced with the challenges associated with exception processing related to ACH tax refund payments. This session is designed to ensure efficient processing of ACH tax refunds and, more importantly, protect your financial institution from losses from incorrect payment handling. Topics will include name/account number mismatches, deceased recipients, posting to incorrect accounts, and other exception items.
WHO SHOULD ATTEND?
This session is ideal for ACH operations staff, AAP candidates, audit personnel, and compliance staff.