October 26, 2012 - 9:28am
#1
We currently offer limited PPD origination where with a signed authorization the credit union originates on behalf of the consumer members. We recently have discovered that there are a few businesses that have signed up for this service (with the transactions being initiated as CCD transactions). Does anyone else provide this service to their members? If so, what documentation do you require from the businesses to document signing authority on the RDFI's account?Thanks!
