Nacha has created an Opt-In Program to better facilitate the return and recovery of potentially fraudulent unemployment benefits originally paid by ACH credits. The program is designed to help improve the recovery of funds that may have been disbursed to inappropriate parties.
The Opt-In Program is beginning with two participating Originating Depository Financial Institutions (ODFIs), participating on behalf of eight states: Florida, Idaho, Kansas, Minnesota, Montana, Nebraska, Utah and Wisconsin.
Receiving Depository Financial Institutions (RDFIs) do not need to opt in to return funds to the participating states.
For additional information and program documents, visit the Unemployment Benefits Return Opt-In Program webpage. For questions, or for additional ODFIs that want to participate in the program, contact Amy Morris, Senior Director, ACH Network Rules, at email@example.com.