ACH Origination Compliance - Originator and ODFI Roles & Responsibilities

Duration: 90 Minutes
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This 90-minute information-filled session will include the elements of the ACH Originator-ODFI agreement, why they are needed and the purpose they serve. Included will be identifying Exposure Limits and ensuring that each Originator is in compliance with the NACHA Operating Rules when it comes to the elements within that agreement plus covering all authorization requirements.
ODFI Roles and Responsibilities
Instructor: Donna K Olheiser
Product ID: 502853
Objectives of the Presentation
  • Identify authorization requirements
  • Outline Originator's obligations
  • List minimum elements in the Originator-ODFI agreement
  • List minimum elements in the Originator-ODFI agreement
  • Illustrate Same Day identifier if used for Same Day
  • Describe the Pre-note Process and what that means to each party
  • Identify the NOC (COR Entry) process
Why Should you Attend
What are the Originator's obligations and the warranties that the ODFI will carry when they transmit ACH Entries into the network? How are Returns, Notifications of Change and Prenotes handled - are your procedures up to date? This session will identify how to remain in compliance with the NACHA Operating Rules during the transmission of ACH Entries.

Areas Covered
  • Minimum requirements in the Originator - ODFI agreement
  • Tips on setting exposure limits
  • Obligations of the Originator
  • Warranties of the ODFI
  • Prenote processing and the Originator/ODFI
  • NOC (COR Entry) processing - listing timeframes for each step
Who will Benefit
  • Banking Operations managers and staff
  • Treasury Management professionals
  • Compliance and Risk professionals
  • ACH managers
  • aspiring AAP's (Accredited ACH Professional)
  • Company / Business Owners (Originators)
  • Banking Managers/ Supervisors
  • Audit and Compliance Personnel / Risk Managers
Topic Background
According to the NACHA Operating Rules, the ODFI takes on all the warranties and responsibilities for each and every ACH Entry they transmit into the network, What does this mean? What about the Originator - What is their Role? Do they have responsibilities and obligations?

Direct Deposit and Direct Payment via ACH are the two most common forms of ACH origination Entries; then there are your non-consumer or corporate payments, followed by your check conversion and other types of transactions such as WEB and TEL.

Originators and ODFI's NEED agreements in place to identify the responsibilities of each party when ACH transactions are submitted. Exposure limits need to be set and processing schedules determined. Same Day ACH - Do you have any Originators who are interested in sending and updated procedures accordingly?
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Live Session - How it works
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  • 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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