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2020 / 2021 NEW NACHA Rules Changes: Discover the Impacts and Develop Strategies for Your Rules Compliance
- Define the recently approved amendments to the Rules on Expanding Same day ACH and how these changes will affect you as a financial institution
- Provide specifics on the changes to the annual ACH Rules Compliance Audit and Appendix 8
- Describe the potential impact on participants in the ACH network with approved changes to other ACH Risk Management topics such as:
- Supplementing the fraud detection standard for Internet-initiated (WEB) debits
- Allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity
- Describing how returning an unauthorized Entry can now be more specific by re-defining a Return Reason Code for RDFI use
- Supplementing the existing account information security requirements for large Originators and Third-Parties
- Plus, the very recent RFC (Request for Comment) on ACH Registration and what this may mean to you in the future
Overview of the webinar
To remain in compliance with the Rules, participants in the ACH network need to ensure they are up-to-date on recent changes and newly approved amendments to the Rules.
This session will cover all the newly approved details and how these changes affect you as a participant in the ACH network, whether you are an ODFI, an RDFI or a TPS or TPSP. There are several pertinent changes to the NACHA Operating Rules, including a change to the annual ACH Rules Compliance Audit which went into effect Jan 1, 2019.
There are multiple changes in the Rules pertaining to Data Security ad Risk Management Topics. Plus, details on the most recent RFC with information on Registration Requirements.
You don’t want to miss this session! Register Today!
Who should attend?
- ACH Operations staff
- Compliance Officers
- ACH Managers
- Electronic Payments Professionals
- AAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
Why should you attend?
Each participant in the ACH Network is required to be in compliance with the NACHA Operating Rules. This session will provide the details on the recently approved amendments on enhancing Same Day ACH (SDA) by expanding Same Day ACH and raising the dollar limit on SDA transactions (effective multiple dates 2019 thru 2021).
Details on how an RDFI can return a questionable item and other minor Rules topics will be covered. Changes that will affect the Annual ACH Rules Compliance Audit and Appendix 8; including other related topics on ACH Quality and Risk Management such as supplementing Data Security requirements and Fraud Detection standards for WEB debits.
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.