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Exploring the 2017 NACHA Operating Rules Changes
- 2017 Third-Party Sender Registration – new Rule with details
- 2016 significant Changes and how they affect each participant
- Details on the Return thresholds and the Rules Enforcement process surrounding them
- Charges for unauthorized entries, what are the return reason codes to monitor
- Disclosure Requirements for POS Entries
Overview of the webinar
As a financial institution sending and receiving electronic ACH payments, compliance with the NACHA Operating Rules is crucial! There are changes in place for Third-Party Processers, it is important to know what these changes are and what they mean to you as the financial institution. This session will provide a brief overview of the Rules changes that have already taken place in 2016. Outlined will be any changes you should be making to your policies and procedures to ensure you are in compliance with the new Rules changes going forward in 2017! Also addressed will be the Same Day ACH Rules changes that have been approved that took effect in 2016 and continue into 2017 and 2018. Every financial institution who processes ACH payments are responsible for being in compliance with the NACHA Operating Rules.
These changes will affect you whether your financial institution sends ACH transactions, or simply receives them. If you are a Company who processes ACH transaction on behalf of another company (aka Third-Party) utilizing the ACH network to send transactions, these changes will affect you.
To ensure you know what the changes are and how to incorporate them into your day-to-day operations, this is definitely a “must-attend” session in 2017!
Who should attend?
- ACH Operations staff
- Compliance Officers
- ACH Managers
- Electronic Payments Professionals
- AAPs – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
- Anyone who wishes to enhance their knowledge of the new rules
Why should you attend?
This webinar will outline the upcoming 2017 NACHA Rules Changes and review in detail the significant 2016 NACHA Rules changes and. Topics covered include the new (recently approved) Third-Party Sender Registration rule details, effective in 2017; PLUS 2016 Significant Rules changes including unauthorized entry charges for ODFIs, changes to return thresholds for ODFI, and Same Day ACH requirement (which is a three-phase process Sept 2016 thru Mar 2018). The NACHA Operating Rules need to be followed by all financial institutions who process ACH transactions. This webinar will provide all the details necessary to help them stay in compliance with all the changes coming in 2016 and 2017!
Faculty - Ms.Donna Olheiser
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ experience. She has designed and facilitated over 150 training sessions each year with her expertise being the rules for companies and financial institutions when processing electronic (specifically ACH) payments, then scheduling the events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).
Ms. Olheiser is also an experienced project manager managing education programs for organizations per their requests on processing electronic payments while developing personalized training programs for financial institutions. She has over 23 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, Ms. Olheiser 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).
Her 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. Ms. Olheiser’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.