In-Depth Exploration into 2016 NACHA Operating Rules

Duration: 90 Minutes
As a financial institution sending and receiving electronic ACH payments, compliance with the NACHA Operating Rules is crucial. This session will identify the changes in rules that will happen in 2016 and highlight what considerations need to be addressed as you ensure you have made the changes to your policies and procedures to ensure you are in compliance with the changes in rules. Also addressed will be the rules changes that have been approved and will be effective by 2017 and 2018. Every financial institution that processes ACH payments are responsible for being in compliance with the NACHA Operating rules.
2016 NACHA Operating Rules
Instructor: Donna K Olheiser
Product ID: 501177
Objectives of the Presentation
  • Identify how ODFI's will continue monitoring unauthorized return rates - with a reduced threshold
  • Describe the New Administrative Return threshold and what monitoring means to you as an RDFI and ODFI
  • Outline how NACHA's Enforcement Authority fits with the Rules Enforcement Process and the National System of Fines
  • Define format details of the New Re-initiation process - are you in compliance with the changes?
  • Illustrate when the New Return Reason code (R62) is used by an ODFI to dishonor a return related to an unintended credit
  • Determine the only circumstances when the RDI can use New Return Reason code (R77) to contest a dishonored return
Why Should you Attend
In this 90-minute session you will understand the details about changes to the Rules that are happening in 2016 and in the near future along with what the changes mean to your institution. These changes affect you whether your financial institution sends ACH transactions, or simply receives them. This is definitely a "must-attend" session in 2016!

Areas Covered
  • Compliance and operational issues resolved with rules changes effective Jan 1 that clean-up some language and clarify certain pain-points in the rules
  • Audit requirements for DFI's reporting network administrative fees
  • ACH network risk topics to include TPS (Third Party Sender) obligations and NACHA's enforcement authority
  • Unauthorized Return Rate threshold being reduced - the new threshold and what this means to each DFI
  • Administrative and Overall Return Rate - what the new rates are and how they affect you as the DFI
  • Re-initiation Process being revised to change format requirements and ODFI's responsibilities
Who can Benefit
  • Banking Operations managers and staff
  • Compliance and Risk professionals
  • Treasury Management professionals
  • Aspiring and current AAP's (Accredited ACH Professionals)
  • Banking Managers/ Supervisors
  • Audit and Compliance Personnel / Risk Managers.
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
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' training experience. She has designed and facilitated over 100 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 and deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).

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.

She has over 24 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).
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