Type:
On Demand
Duration:
32 Minutes
Member Fee:
$0
Non-Member Fee:
$279
Audience:
AAP Candidates, AAPs, ACH Personnel, APRPs, Audit, BSA Investigators_Analysts, BSA Officers, Compliance, General ACH, IT Personnel, Operations, Payments Personnel, Retail/Frontline, Risk, Risk Managers, Senior Payments Personnel
Tax refund time comes with challenges for financial institutions when posting and returning refunds made through ACH. Scenarios are used in this session to show attendees how to handle refunds that post to the correct account number, but wrong tax payer, and the potential for fraud when an account receives multiple tax refunds. Learn what the IRS and individual states are doing to combat tax refund fraud.