NEW - NACHA Operating Rules 2020 and Beyond!
Learn how the Same Day ACH expansion, the higher per-entry limit and related Nacha risk management amendments affect financial institutions, originators and third parties.
Speaker
Donna K Olheiser
ACH payments trainer · Dynamic Mastership, LLC · Accredited ACH Professional (AAP)
Overview
Every ACH Network participant must comply with the Nacha Operating Rules. This 90-minute Nacha Operating Rules webinar explains a set of amendments that expanded Same Day ACH, added another processing window and raised the limit for a single Same Day ACH entry from $25,000 to $100,000.
It also covers changes to the annual ACH Rules compliance audit and Appendix 8, and risk management amendments: a supplemented fraud detection standard for WEB debits, account information security requirements for large originators and third parties, and the ability for RDFIs to flag a return as questionable or part of anomalous activity.
You'll see how each change affects financial institutions, third-party senders and third-party service providers.
Why attend: Rule changes alter how you process Same Day ACH entries, manage risk and complete your annual audit. Missing them puts your institution or business out of step with the Nacha Operating Rules. This session suits ACH operations, compliance and audit staff, banking operations managers, risk and treasury management professionals, current and aspiring AAPs, originators, and third-party service providers and senders.
What’s covered
- Amendments expanding Same Day ACH and how they affect financial institutions
- The added Same Day ACH processing window
- Raising the single Same Day ACH entry limit from $25,000 to $100,000
- Changes to the annual ACH Rules compliance audit and Appendix 8
- Supplementing the fraud detection standard for internet-initiated (WEB) debits
- Letting RDFIs indicate that an original transaction was questionable or part of anomalous activity
- Supplementing account information security requirements for large originators and third parties
- Other minor rules changes and what they mean for network participants
Who should attend
What you get
About the speaker
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna 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 specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna 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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