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Payments Pulse
Payments Pulse, December 12, 2018
The Clearing House
Payments Pulse

Payments Industry News

Banking Perspectives – 4th Quarter 2018


Real-Time Payments… Are You Ready to Take the Plunge?

Source: PaymentsJournal.com

The Deceptive State of Americans’ Finances

Source: JackHenry.com

FedACH Exception Resolution Service

Source: FRBServices.org

REMINDER: Delivery of the 2019 ACH Rules


  • Every financial institution member will automatically receive one 2019 ACH Rule Book (membership benefit) which will be addressed to the attention of your ACH Department. Many have already been delivered.
  • If you placed an order for additional rule books, online access codes or digital apps, they will be delivered separately and prior to year-end (many in the next 7-10 days).
  • Rules access codes and digital apps will be delivered via email and will include a sample instructional message that can be shared with your staff and/or Origination customers.


We Get Questions...

 Q and A
Q.)  Is it ok to deposit business checks into the owner’s personal account?
A.)  A Bank of First Deposit makes a warranty in UCC 3 & 4 to the Paying Bank that it is "entitled to enforce" the check, meaning it provided value to the named payee. A BOFD breaches that warranty if a check payable to a named payee is deposited into any account other than an account titled under that specific payee’s name. In addition, depositing a check payable to a business into a personal account, or cashing a check payable to a business, has Bank Secrecy Act implications and could result in the depositary bank facilitating money laundering or income tax evasion on the part of its accountholder.
Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email education.services@theclearinghouse.org.

Reminder for AAPs – Report Continuing Education Credits / MDC Code


Are you planning to submit your Accredited ACH Professional (AAP) continuing education credits to NACHA prior to year-end? Remember, as a member of The Clearing House Payments Authority, you are also entitled to member rates on the NACHA.org website. Each year NACHA assigns a new discount code and asks that prior to making a purchase on their site you update your profile with this information.

Your 2018 NACHA Member Discount Code (MDC) is:

4TCHPA18
(case sensitive)

NACHA will soon assign TCHPA’s 2019 MDC. Upon receipt, it will be published on the members-only page of our website and here, in your Payments Pulse e-newsletter.

Upcoming Education

DEC
18

Regulation E: Preparing for the Prepaid Rule

NACHA Webinar
Register via TCHPA for Significant Savings

2019 NCP Exam Prep

The Unofficial Guide to Becoming an NCP

On-Demand Training Library

Professionals in every trade have an association they rely on for industry expertise, support and resources. We're the Association for Payments People®

Copyright © 2018 The Clearing House Payments Company L.L.C.
115 Business Park Dr.
Winston-Salem, NC 27107
United States
The Clearing House
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