As a financial institution sending and receiving electronic ACH payments, compliance with the NACHA Operating Rules is crucial! There are changes in place for Third-Party Processers, it is important to know what these changes are and what they mean to you as the financial institution. This session will provide a brief overview of the Rules changes that have already taken place in 2016. Outlined will be any changes you should be making to your policies and procedures to ensure you are in compliance with the new Rules changes going forward in 2017! Also addressed will be the Same Day ACH Rules changes that have been approved that took effect in 2016 and continue into 2017 and 2018. Every financial institution who processes ACH payments are responsible for being in compliance with the NACHA Operating Rules.
These changes will affect you whether your financial institution sends ACH transactions, or simply receives them. If you are a Company who processes ACH transaction on behalf of another company (aka Third-Party) utilizing the ACH network to send transactions, these changes will affect you.
To ensure you know what the changes are and how to incorporate them into your day-to-day operations, this is definitely a “must-attend” session in 2017!