MorphMorph

Frequently Asked Questions

Check out the answers to frequently asked questions about QFD.

QFD Base FAQs

Accounting

ACH

ATM

Correspondence

Fees

Intake

Interest

Recovery

System

Users

Work

Compliance FAQs

General

Regulation E

Regulation Z

API FAQs

Core Banking

Ethoca & Verifi

LOB

Mastercom

DRE

Reporting

 


Accounting

We can support this functionality by enabling users to change the account number after the initial accounting call has failed.

All accounting adjustments are done via real-time API call. Depending on how the accounting was triggered, it can take a few minutes to kick off.

Execute Accounting Flow

By default, once a daily at the end of the business day.

ACH

Yes, the accountholder will receive a completed WSUD form when verbal attestation is agreed to.

ACH claims are always given Regulation E protection, regardless of transaction age or the span of transactions included on the claim. Under § 1005.6(b)(3), consumers are protected for the first statement, plus 60 days, and can be held liable for any subsequent transactions. Even still, § 1005.6(b)(4) required that timeframe be extended for “extenuating circumstances” though no definition is provided. Since QFD is unable to determine a cause for delay, all transactions are considered protected. There are configuration settings that can be modified to ensure some automation is stopped on aged transactions, however, if a user fails to take action by Reg45, QFD will resolve the claim and send a paid letter to the account holder.

ATM

Correspondence

Fees

Intake

Interest

Recovery

System

Users

Work

 

General

Regulation E

Regulation Z

 

Core Banking

Self-service

Ethoca & Verifi

LOB

Mastercom

 

DRE

Reporting