Same Day ACH -- Credits are in Motion - Debits are Coming - How this Will change things and What's Your Strategy?

Duration: 90 Minutes
Same Day ACH credit Entries were implemented during phase 1 of a 3-phase process September 2016. Debits are coming - September 2017! Debit Same Day transactions will change many things from the Originator to the Receiver. Debit origination, Bill Pay, ACH Cards and on-line debit payments are all examples of transactions that can use Same Day. Attending this session will outline how the Originator and Receiver of these types of debit payments will be affected. Debit Returns - timeframe for the RDFI remains the same, however they can be returned Same Day for earlier settlement.
Same Day ACH
Instructor: Donna K Olheiser
Product ID: 502889
Objectives of the Presentation
  • Describe how Debit Same Day ACH Entries are processed in the new environment starting September 2017
  • Outline the benefits for the Originator to utilize Same Day ACH for their debit processing
  • Define the Return process that is available Same Day without paying the 5.2 cent Same Day fee
  • Identify the different types of debit transactions that can benefit from Same Day processing
  • Describe how the Receiver could be affected by the Same Day debit transactions
  • Illustrate how the RDFI can help the Receiver understand how their accounts can be affected by Same Day debits
Why Should you Attend
Same Day credits are here - this 90-minute session will focus on when debits are added, and the impact this may have on ACH Processing -- for example, when a consumer pays their credit card bill online with the card issuer, uses an "ACH Card" (a card issued by a 3rd party and tied to a consumer checking account; i.e. Target Debit Card), or authorizes a debit to their account. Today, this ACH debit, if authorized today or my ACH card used today, the earliest it can debit my account is tomorrow, debits are next day...Fast Forward to Phase 2 (September 2017) depending on the time of day when I use my ACH Card, and when the company processes the payments, this debit could hit my account today (Same Day)?

This process changes the way Originators will process debits, can send Same Day and receive the money sooner and the Receiver, their account could be debited the Same Day they authorize the payment. As the RDFI are you prepared to answer questions from account holders due to overdrafts that may result from Same Day debits? This session will use examples and scenarios to help identify how Same Day debits will change the way payments are originated, received and returned.

Areas Covered
  • How Same Day debits will affect the different participants in the ACH network (i.e. Originator and Receiver)
  • Using Same Day features to do Returns without paying the Same Day fee of 5.2 cents
  • What does the addition of Same Day debits mean to your daily processing and procedures for the RDFI and ODFI
  • How the Originator can benefit from Same Day ACH debits and how authorization requirements may be affected
  • The importance of preventing accidental Same Day debits by knowing how Effective Entry Date affects the Entry
  • With the availability of debit Entries that are Same Day - how the RDFI needs to look at their exception processing
Who will Benefit
ACH operations staff, treasury professionals, AAP's for AAP CE (Continuing Education) Credits, ACH auditors (internal and external), CFO's to pass on to their staff, Bank Management, companies who process electronic payments for themselves and for other companies (i.e. payroll processors)
$300
Recorded Session for one participant
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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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