WEbinar
A True Breakthrough in Bank Account Validation
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In this webinar, panelists Amy Morris, Sr. Director of ACH Network Rules at Nacha, and James Cook, Vice President of Product Management at Accelitas, discussed the challenges and opportunities of managing ACH transactions and the transformative power of predictive data and real-time insights.
These key takeaways from the webinar shed light on the evolving landscape of ACH returns management and the innovative strategies reshaping the industry.
Understanding ACH Returns vs. Reversals: the panelists explained the key differences between returns and reversals, why they occur, and how addressing these distinctions can minimize transaction complexities.
The Power of Data-Driven Insights: an in-depth look at current trends in ACH returns, with a particular focus on administrative returns and how organizations can leverage data to predict and prevent them.
The Ripple Effect on the ACH Network: the discussion highlighted how exceptions and returns impact the ACH Network, participants, and their reputations, emphasizing the need for proactive management strategies.
Real-Time Account Validation (BAV): panelists explored why real-time validation is critical for reducing ACH returns, improving transaction accuracy, and enhancing customer satisfaction.
Cost-Saving Solutions with Predictive Data Models: the conversation emphasized how predictive analytics can lower costs, streamline compliance efforts, and provide a better overall experience for consumers.
This webinar provides actionable insights for organizations looking to reduce risk, cut costs, and stay competitive in the evolving ACH landscape. By watching, you’ll gain the knowledge needed to optimize your operations and enhance customer trust.
Speaker Bios
Amy Morris, Sr. Director of ACH Network Rules | Nacha
Morris leads and participates in multiple working groups that address issues in the payments industry. In addition to collaborating with industry participants on changes to operating Rules, she also assists in educational activities and provides rule and operational guidance to network participants. Amy has over twenty years of experience in the financial services industry, specializing in electronic payments, previously working at Navy Federal Credit Union, FIS, and Visa.
James Cook, VP Product Management | Accelitas
Early in his career, James realized that being in a finance department was just counting numbers and not making business decisions. So, he moved into product management, where he could enjoy high-pressure problem-solving in risk-driven marketplaces. His experience in payments, identity management, fraud prevention, and data analytics (First Data, Fiserv, LexisNexis), made him extremely qualified for the mission at Accelitas. Because he can wear more hats and have more direct impact at Accelitas, James believes he can better leverage his experience in more productive ways.