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1.Supplementing the fraud detection standard for Internet-initiated (WEB) debits
2.Allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity (R17)
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 (effective in 2020 and beyond). Plus, details on the most recent approved amendment to the Rules on the ACH Registry and the additional requirements for the ODFI and new responsibilities for the RDFI (effective in 2020)
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 2020 thru 2021).
Details on how an RDFI can return a questionable item using Return Reason Code R17 and changes to the process or Returning Unauthorized Entries (introducing a re-purposed Return Reason Code R11) plus other minor Rules topics will be covered. Changes that have already affected the Annual ACH Rules Compliance Audit and Appendix 8 (effective in 2019 for all ACH Annual Audits). Included will be other Rules Changes with topics on ACH Quality and Risk Management (such as supplementing Data Security requirements and Fraud Detection standards for WEB debits).