Processing ACH Reclamations from the Federal Government can be challenging! Chapter 5 of the Green Book has been updated, making it mandatory for Financial Institutions to respond to all reclamations, which must be submitted through the Automated Reclamation Processing System (ARPS) located in Treasury’s Pay.gov web portal (except for responses by DFAS and any Treasury-approved exceptions).DNEs (Death Notification Entries) need special handling; details are covered.This session will identify how to complete the Federal Reserve Bank FedMail® Request Form (PDF) to get signed up for this email service. Misdirected payments are ALWAYS a HOT topic – what to do and your liability as a financial institution will be included in this VERY detailed session. Comparison of Federal Government Reclamations vs Commercial Reclamations is demonstrated using scenarios.Areas Covered Chapter 5 of the Green Book has been updated, making it mandatory for Financial Institutions to respond to all reclamations must be submitted through the Automated Reclamation Processing.System (ARPS) Detailed processes on handling Death Notification Entries (DNE’s) Timeframes to return ACH Entries for deceased account holdersDescribe Return Reason Codes when returning benefit payments for deceased account holdersHow to handle and process Federal Government ReclamationsTimeframes for responding to Government ReclamationsDifference between handling Commercial Reclamations and Federal Government ReclamationsWho Should AttendBank operations staffNew employees in the payments industryBank managers and payment professionals CEO’s and CFO’sRisk, Compliance, and Audit personnelAspiring AAPs and current AAPs for AAP CE Credits Why Should You Attend Automated Clearing House (ACH) Reclamation is a recovery procedure used by the U.S. Department of the Treasury, Bureau of the Fiscal Service, to obtain a refund (reclamation) from a presenting financial institution for federal government payments.Reclamation notices (ACH Reclamation - FMS Form 133) are generated by the Fiscal Service Regional Financial Center. This session will identify how to complete the Federal Reserve Bank FedMail® Request Form to sign up for this email service. When processing ACH Federal Government payments, they differ slightly from the Nacha Operating Rules when it comes to benefit payments and the liability of the RDFI (Receiving Depository Financial Institution). Chapter 5 of the Green Book has been updated making it mandatory for Financial Institutions to respond to all reclamations must be submitted through the Automated Reclamation Processing System (ARPS). Also noted in the Green Book -- Note: We will no longer accept remittances related to reclamation responses. Included will be a discussion on the process for deceased account holders and your responsibilities to the Federal Government if they are receiving federal government benefit payments. This 90-minute session will provide the details on what is different, how the Federal Government has adopted the Nacha Operating Rules, and what the exceptions to those Rules incorporate for the Federal Government. You will learn what the Green Book is and how this valuable on-line tool will help you with processing DNE’s and Government Reclamations. Commercial Reclamations differ from Federal Government Reclamations; the speaker will cover the difference between the two, which also discusses the liability for the RDFI when handling both these types of reclamations. Examples used throughout the session will apply the rules discussed to help bring the details to life.Topic BackgroundThe U.S. Department of the Treasury, Bureau of the Fiscal Service (Fiscal Service), Defense Finance and Accounting Service (DFAS) and the Federal Reserve Bank of Philadelphia have implemented an email delivery option for ACH reclamations. When financial institutions are processing federal government ACHH transactions, the Nacha Operating Rules still apply when processing these payments but the Green Book outlines exceptions when handling DNEs (Death Notification Entries) and Federal Government Reclamations. Knowing what to do when receiving a DNE (Deth Notification Entry) and how to respond to a Federal Government Reclamation is crucial; details are included in this session. Included will be a side-by-side comparison of Commercial vs. Government Reclamations, to understand the differences and how to handle them.