Unveiling the NEW NACHA Rules Changes for 2020 and the Future!

Duration 90 Mins
Level Basic & Intermediate & Advanced
Webinar ID IQW20E0518

  • Define amendments to the Rules on Expanding Same Day ACH and how these changes will affect you as a financial institution, including the recent extension on expanding SDA timeframe
  • Describe the potential impact on participants in the ACH network with approved changes to other ACH Risk Management topics 
  • Supplementing the fraud detection standard for Internet-initiated (WEB) debits
  • Allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity
  • Supplementing the existing account information security requirements for large Originators and Third-Parties
  • Details on the most recent change to specifying the details of an unauthorized return by adding R11 to further define the “why”
    Will include details on 2019 operations bulletins as issued by NACHA

Overview of the webinar

The NACHA Operating Rules need to be followed by all financial institutions that process ACH transactions. This webinar will provide all the details necessary to help them stay in compliance with a review of the changes recently implemented in 2019, plus NEW amendments going into effect for 2020 and 2021, two of which were recently approved for Unauthorized Returns and the ACH Contact Registry!
Topics such as the addition of a new window for Same Day ACH (SDA) allowing two more hours for the SDA functionality. Included will be the details on improving Funds availability for Same Day and non-Same Day ACH transactions. Details on increasing the per-transaction limit for each SDA Entry will also be discussed.
In addition, details on additional options when doing ACH Returns for questionable items that don’t post and for unauthorized Entries. Plus, information on the updates “already in effect” for funds availability.
Register today for your chance to see how these new Rules will impact your ACH Operations areas.

Who should attend?

  • ACH Operations Staff
  • Compliance Staff
  • ACH Auditors
  • Aspiring AAP’s (Accredited ACH Professional) 
  • Banking Staff

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) by expanding Same Day ACH and raising the dollar limit on SDA transactions (effective in 2020/2021)
Details on the MOST RECENT changes to how an RDFI process Returns for Unauthorized Entries will be covered. Changes with the Rules affecting ACH Quality and Risk Management such as supplementing Data Security requirements and Fraud Detection standards for WEB debits.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 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 updated funds availability (effective in 2019), changes to SDA (effective 2020 and 2021), changes to Data Security requirements and Fraud Detection Standards for web debits, and processing unauthorized Returns are changing effective April 1, 2020!
This is a must-attend session, Register Today!

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.

07-21-2020 - Unveiling the NEW NACHA Rules Changes for 2020 and the Future.pdf
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