Same Day ACH (SDA) – Compliance as the RDFI and Opportunities for the ODFI and Originator

Duration 90 Mins
Level Basic & Intermediate & Advanced
Webinar ID IQW21F0611

  • Describe changes with SDA in 2021 (+2022 dollar limit increase)
  • Outline the opportunities for Originator and ODFI
  • Identify the added responsibilities for the RDFI when receiving SDA Entries (including w/third window)
  • List the benefits for Originators and ODFI’s with the addition of a third processing window
  • Define the fund's availability requirements for the RDFI when receiving SDA Entries to remain compliant
  • Provide suggestions on procedure changes needed based on these updated Rules to SDA

Overview of the webinar

In this 90-minute session, Same Day ACH (SDA) will be explained in its entirety. With SDA fully implemented and due to recently implemented changes to the Rules, SDA has expanded with a third window for processing SDA transactions with an increase in the dollar limit for a single SDA transaction (possibly a change again for the limit).

History for Same Day ACH (SDA); was implemented in three phases, beginning in Sept 2016 and ending in March 2018. With SDA in the ACH Network gave the Originator and ODFI an opportunity to send and settle payments on the same day for a small fee. 

NEW changes to the Rules have an impact on Originators, ODFI’s and RDFI’s – this session will outline the benefits (possibilities) and impacts that these changes bring to ACH operations (processing).

Who should attend?

  • Bank operations staff
  • New employees in the payments industry
  • Bank managers and payment professionals
  • CEO’s and CFO’s
  • Risk, Compliance and Audit personnel
  • Aspiring AAP’s and current AAP’s for AAP CE Credits

Why should you attend?

Recently approved amendments to the NACHA Operating Rules are expanding Same Day ACH by adding a third window in which Same Day ACH (SDA) Entries can be transmitted.  To remain in compliance with these changes and take advantage of the opportunities this change brings, it is crucial to know the impact of these changes and what they mean.  This session will outline the newly implemented changes and identify the impacts for all ACH participants affected by these changes, including funds availability relating to SDA vs ACH legacy payments.

The dollar limit on an SDA Entry increased from $25,000 to $100,000; this will affect ACH processing by adding more Entries (most likely B2B payments) into the network. Discussion during this session will include the impacts to the business and electronic payments going forward and how participants can take advantage of this change and benefit from making this a service available to their business customers. Plus details on NEW change to SDA effective in 2022 with the dollar limit being raised to $1million!

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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