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May 19, 2021

Warranty Claims & Reversals / An In-depth Review of Two Significant Rules Changes

11:00 am ET/ 10:00 am CT

Webinar

The upcoming Limitation on Warranty Claims Rule change will significantly impact the length of time an RDFI can make a warranty claim against an ODFI for proof of authorization. This change can shift liability for some transactions from the ODFI to the RDFI.  Changes to Reversal Rules have been approved to help deter and prevent, as much as possible, improper use of reversals. Several changes make up this new Rule including a definition of an Egregious violation as a Class 2 or Class 3 Rules violations with sanctions for violations up to $500,000 per occurrence.   Both of these changes can negatively impact untrained DFIs.  This session will help you understand how to protect your liability and properly handle both warranty claims and reversals. 

 

AAP/APRP credits 1.2

Live Session

11:00 am Eastern Time/ 10:00 am Central Time

Member Price:$200

 

 

Click here to register

 

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Add to Calendar aCLuDhaqizCaPxAftmqF167204 05/19/2021 05/19/2021 true Warranty Claims & Reversals / An In-depth Review of Two Significant Rules Changes The upcoming Limitation on Warranty Claims Rule change will significantly impact the length of time an RDFI can make a warranty claim against an ODFI for proof of authorization. This change can shift liability for some transactions from the ODFI to the RDFI.  Changes to Reversal Rules have been approved to help deter and prevent, as much as possible, improper use of reversals. Several changes make up this new Rule including a definition of an Egregious violation as a Class 2 or Class 3 Rules violations with sanctions for violations up to $500,000 per occurrence.   Both of these changes can negatively impact untrained DFIs.  This session will help you understand how to protect your liability and properly handle both warranty claims and reversals.    AAP/APRP credits 1.2 Live Session 11:00 am Eastern Time/ 10:00 am Central Time Member Price:$200     Click here to register   Webinar

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