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This brief course introduces Micro-Entries as defined by the Nacha Operating Rules and explains their proper formatting, compliance obligations, and appropriate use cases. Learners will explore how Micro-Entries support account validation-without confirming account ownership-and the importance of fraud detection and authorization requirements, especially for debit Entries. This self-paced session is designed to be completed in under 20 minutes.

Available to ePayResources Members Only

AAP Credits: Up to .3

Item Number - LMSR3044

In this second part of Navigating the Instant Payment Rails, Part 2: A Smooth Ride, we focus on how to effectively conduct a self-audit for the RTP Network. We will review considerations for outsourcing your instant payment audits and risk assessments.

We also discuss required monitoring such as continuous operations and transaction volume; importance of fraud reporting that includes reporting to TCH and utilizing the FRB's Fraud Classifier model; recommendation of an instant payment risk assessment; required RTP self-audit for The Clearing House; FedNow audit; and insights on key audit finding areas such as policies, procedures, transaction monitoring, and data security.

Complete your understanding of the instant payment rails with session one, Navigating the Instant Payment: All aboard! of this two-part series.

Item Number: LMSR2530