Details
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
None at this time.