This session will provide all the details on the recently approved amendments, which go into effect in 2020 and the future, including enhancements to Same Day ACH (SDA) and discovering the options now available when returning unauthorized Entries. Included will be necessary changes to Rules that continue to ensure quality ACH transactions are being transmitted and to manage the Risk in ACH, by NACHA supplementing the Data Security requirements and Fraud Detection standards for Originators of WEB debits; and adding to the existing account information security requirements for large Originators and Third-Parties.
Objectives of the Presentation
Why Should you Attend
- Discover the amendments to the Rules on Expanding Same Day ACH and how these changes will affect you as a financial institution, including the recent extension to processing SDA transactions
- Identify the "already implemented" faster funds availability for ALL ACH Entries
- Describe the potential impact on Originators, ODFI's and Third-Parties in the ACH network with approved changes to other ACH Risk Management topics such as:
- Supplementing the fraud detection standard for Internet-initiated (WEB) debits
- Supplementing the existing account information security requirements for large Originators and Third-Parties
- Review and outline of the most recent change to specifying the details of an unauthorized return by adding R11 to further define the "why"
To ensure compliance with the NACHA Operating 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. There are several pertinent changes to the NACHA Operating Rules, including a big change to differentiating between the reasons "why" an Entry is being returned as unauthorized.
This session will include the most recent approved changes to the ACH Contact Registry - is being created for financial institutions to be able to more easily connect with other financial institutions about ACH operations, exceptions and risk management. Effective July 1, 2020. This is a must-attend session, Register Today!
Who will Benefit
- ACH operations staff, compliance staff, ACH Auditors
- Financial Institution professionals (new/current operations staff)
- Banking Operations managers and staff
- Compliance and Risk professionals
- Treasury Management professionals
- Aspiring and current AAP's (Accredited ACH Professionals)
- Company / Business Owners (Originators)
- Banking Managers/ Supervisors
- Third-Party Service Providers and Third-Party Senders
- Audit and Compliance Personnel / Risk Managers
As a financial institution, a third-party sender, or a third-party service provider, you must follow the NACHA Operating Rule each year - they are always changing! This webinar will provide all the details necessary to help each participant maintain compliance with all the Rules changes coming in 2020 and 2021!
Topics such as the already implemented "faster funds availability" for ALL ACH transactions, and the addition of a new window for Same Day ACH (SDA) allowing two more hours for the SDA functionality, going into effect in 2021, PLUS, details on increasing the per-transaction limit for each SDA Entry will also be discussed. RDFI's will need to change their process when returning unauthorized Entries with the reclassifying of Return Reason Code R11.
In addition, ACH quality and Risk management measures with Rules changes for supplemented security requirements for WEB debits AND the addition of supplementing the existing account information security requirements for large Originators and Third-Parties.
Register today for your chance to hear about the recently implemented rules change on the ACH Contact Registry - being created for financial institutions to be able to more easily connect with other financial institutions about ACH operations, exceptions and risk management. Effective July 1, 2020. PLUS - all the details on how these new Rules will impact your ACH Operations areas.