This webinar will provide all the details on the most recent and upcoming NACHA Operating Rules changes that affect you as a participant in the ACH network, whether you are an ODFI, an RDFI or a TPS (Third-Party Sender) or TPSP (or Third Party Service Provider). Multiple Rules Changes, NACHA Operations Bulletins, Supplements to the Rules along with examples and explanations of what they each mean to you as a participant will be discussed.
As a participant in the ACH Network (ODFI, RDFI, TPSP and TPS) you need to ensure you are in compliance with the NACHA Operating Rules while processing ACH transactions. This webinar will include all the intricate details and what they mean to you, to help you make changes and continue to remain inn compliance with these Rules.
Included will be topics such as (1) Enhancements to SDA (Same Day ACH) Functionality; (2) Improving Funds Availability for ALL ACH transactions. (3) A makeover of the Annual ACH Rules Compliance Audit; (4) Enhancing ACH Quality by allowing an RDFI more options and flexibility when doing ACH Returns by adding functionality of R11 and R17 Return Reason Codes; (5) Continuing to improve the Quality of the ACH Network by supplementing the already existing requirements for Originators when doing WEB Debit Origination; and (6) Improving Risk Management abilities by adding to the ACH Security Framework by requiring larger Originators, TPSP and TPS to further protect deposit account info from potential data breaches.
In addition, an outline of any pending RFC (Request for Comment), Industry updates, or other possible NACHA Rules Changes in the foreseeable future.Areas Covered in the Webinar:
VP of Education, Dynamic Mastership
Donna has over 24 years of experience in the financial services industry which includes 9 years' experience as the Education Service Director at a Regional Payments Association (RPA), where she managed and facilitated the entire Education program for nearly 800 financial institution members. Prior to that, Donna spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).
Donna's extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Donna's ability to engage the learner through the entire training event helps the adult learner apply what they've learned during and after each training session.
Each year the NACHA Operating Rules change and as a participant in the ACH Network you are required to follow these Rules. After many approved amendments to the Rules from enhancing Same Day ACH (SDA) by expanding the timeframe to submit them to increasing the dollar limit on SDA transactions, including improving funds availability for ALL ACH Entries (not just SDA Entries.
An RDFI accepts all types of Entries and can Return, changes are being made to allow for more options and flexibility when doing Returns in an effort to further notify the Originator/ODFI of the specific reason for a Return Entry. Details on how two Return Reason Codes R11 and R17 will be utilized in the future. NACHA continues to improve the quality of the ACH Network by adding additional enhancements to the Rules, such as supplementing Data Security requirements for Originators, TPS and TPSP, plus adding more details to the requirements for Originators of WEB debits regarding “commercially reasonable fraudulent transaction detection systems”.
Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. TrainBanking would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.
Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.
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