The NACHA Operating Rules are always changing, updates are currently in place due to the ongoing COVID-19 situation! Operations Bulleting #7 outlines the details of the Rules and changes at financial institutions with extensions of effective dates in light of the current situation; and confirms some Rules changes with current effective dates remaining.
Details necessary to help participants in the ACH Network ensure compliance with NEW amendments already in effect for 2021, PLUS the changes for 2022.
Plus, an overview of the most recent amendments with effective dates in 2021 on “Limitation on Warranty Claims”, “Meaningful Modernization”, and “Reversals and Enforcement”. Included will be the NEWLY APPROVED increase to SDA Dollar Limit” PLUS the “Third-Party Roles and Responsibilities” – BOTH effective in 2022.
Discussion on a potential change regarding “Account Information Improvements Through the ACH Network” is part of this webinar.
Register today for your chance to see how these new Rules will impact your ACH Operations areas.
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. Discussion on the Operations Bulletins issued by Nacha will outline the updates to different Rules with our current situation and COVID-19. Recent RFC (Request for Comment) and an RFI (Request for Information) on even more possible changes will be discussed. Included will be the most recent amendment that affects all financial institutions using the ACH Network. Have you met the requirements for the ACH Contact Registry? (The portal became available on July 1, 2020)
This session will also cover the newly approved details and any recent updates by NACHA, plus how these changes affect you as a participant in the ACH network, whether you are an ODFI, an RDFI or a TPS or TPSP. Changes such as Data Security requirements (effective date has been extended) and how Originators are affected by the Fraud Detection Standards for web debits. In addition, the processing of Unauthorized Returns has changed effective April 1, 2020, for phase 1 (phase 2 went
into effect April 1 of 2021) – As the RDFI, are you prepared for the proper use of R10 and R11 (what to do if you’re not ready), and as the ODFI, are you aware of changes to the ODFI Reporting Requirements for R11 and the Unauthorized Entry Fee?
This is a must-attend session, your ACH operations process IS CHANGING! Register Today!