Updates to the NACHA Operating Rules in 2020 and 2021 - Are YOU in Compliance?

• OVERVIEW

There are always changes happening in the NACHA Rules each year! Are you compliant with these changes, do you know the details on the how and why the changes need to be followed? As a participant in the ACH Network, you are required to be in compliance with the NACHA Operating Rules, including any and all upcoming changes. This session will provide all the details on the recently approved amendments, which go into effect in 2020 and the future, including enhancements to Same Day ACH (SDA) and discovering the options now available when returning unauthorized Entries. Included will be necessary changes to Rules that continue to ensure quality ACH transactions are being transmitted and to manage the Risk in ACH, by NACHA supplementing the Data Security requirements and Fraud Detection standards for Originators of WEB debits; and adding to the existing account information security requirements for large Originators and Third-Parties.

• LEARNING OBJECTIVES

• Discover the amendments to the Rules on Expanding Same Day ACH and how these changes will affect you as a financial institution, including the recent extension to processing SDA transactions
• Identify the "already implemented" faster funds availability for ALL ACH Entries
• Describe the potential impact on Originators, ODFI's and Third-Parties 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
  • Supplementing the existing account information security requirements for large Originators and Third-Parties
• Review and outline of the most recent change to specifying the details of an unauthorized return by adding R11 to further define the "why"

• WHY SHOULD YOU ATTEND

To ensure compliance with the NACHA Operating 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 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. There are several pertinent changes to the NACHA Operating Rules, including a big change to differentiating between the reasons "why" an Entry is being returned as unauthorized.

This session will include the most recent approved changes to the ACH Contact Registry - is being created for financial institutions to be able to more easily connect with other financial institutions about ACH operations, exceptions and risk management. Effective July 1, 2020. This is a must-attend session, Register Today!

• WHO WILL BENEFIT?

• ACH operations staff, compliance staff, ACH Auditors
• Financial Institution professionals (new/current operations staff)
• Banking Operations managers and staff
• Compliance and Risk professionals
• Treasury Management professionals
• Aspiring and current AAP's (Accredited ACH Professionals)
• Company / Business Owners (Originators)
• Banking Managers/ Supervisors
• Third-Party Service Providers and Third-Party Senders
• Audit and Compliance Personnel / Risk Managers

• SPEAKER

• Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC
• Donna is an enthusiastic and energetic certified master trainer with over 14 years’ training experience and holds the Accredited ACH Professional (AAP) designation (achieved in 2004)
• She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing the ACH electronic payments, specially, and then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). 

For more detail please click on this below link:
http://bit.ly/37Z1rFW
Email: [email protected]
Tel: +1-(510)-868-1040

Others Details

For more detail please click on this below link: http://bit.ly/37Z1rFW Email: [email protected] Tel: +1-(510)-868-1040