NEW NACHA Operating Rules for 2019 and Beyond

Duration 90 Mins
Level Intermediate
Webinar ID IQW18L1230

  • Define the recently approved amendments to the Rules on Expanding Same day ACH and how these changes will affect you as a financial institution
  • Outline the specifics of suggestions (request for Information) in the future to Same Day ACH where NACHA was requesting feedback from the industry
  • Overview of possible changes where FI’s can use the ACH Network for Messaging Entries and how this could benefit the ACH exception processing going forward
  • Provide details on the proposed changes to the annual ACH Rules Compliance Audit and Appendix 8, this was the recent open RFC that closed earlier this year (July 20, 2018)
  • Describe the potential impact on participants in the ACH network with proposed changes to other ACH Risk Management topics such as:

o   Limiting the length of time an RDFI can make a claim against an ODFI’s authorization warranty

o   Differentiating among types of unauthorized returns

o   Supplementing the fraud detection standard for Internet-initiated (WEB) debits

o   Allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity

o   Supplementing the existing account information security requirements for large Originators and Third-Parties

Overview of the webinar

Recent approved amendments to the NACHA Operating Rules include expanding Same Day ACH functionality. These changes will affect day-to-day ACH processing in 2019 and 2020.Included will be details on an RFC from NACHA on ACH Messaging Entries and how these could be utilized in the ACH Network. How this may affect exception processing in the future will be discussed.In addition, other proposed changes could affect the Annual ACH Rules Compliance Audit and Appendix 8; including other related topics on ACH Quality and Risk Management.

Who should attend?

  • ACH Operations staff
  • Compliance Officers
  • ACH Managers
  • Electronic Payments Professionals

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) (effective in 2019 and 2020).Included will be specifics on “potential” Rules Changes based on recent proposals by NACHA (National ACH Association). The trainer in this session will identify not only the possible changes to the NACHA Operating Rules but how this could affect you as a participant in the ACH Network.

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.

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