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New NACHA Operating Rules Changes 2020 and Beyond! - Webinar

  • ID: 4899853
  • Webinar
  • October 2019
  • Region: Global
  • 60 Minutes
  • Compliance Online
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Why Should You Attend:

As a participant in the ACH Network (ODFI, RDFI, TPSP and TPS) you need to ensure you are in compliance with the NACHA Operating Rules while processing ACH transactions. This webinar will include all the intricate details and what they mean to you, to help you make changes and continue to remain inn compliance with these Rules.

Included will be topics such as (1) Enhancements to SDA (Same Day ACH) Functionality; (2) Improving Funds Availability for ALL ACH transactions. (3) A makeover of the Annual ACH Rules Compliance Audit; (4) Enhancing ACH Quality by allowing an RDFI more options and flexibility when doing ACH Returns by adding functionality of R11 and R17 Return Reason Codes; (5) Continuing to improve the Quality of the ACH Network by supplementing the already existing requirements for Originators when doing WEB Debit Origination; and (6) Improving Risk Management abilities by adding to the ACH Security Framework by requiring larger Originators, TPSP and TPS to further protect deposit account info from potential data breaches.

In addition, an outline of any pending RFC (Request for Comment), Industry updates, or other possible NACHA Rules Changes in the foreseeable future.

Areas Covered in the Webinar:

Define the new and recently approved (or changed) amendments to the Rules on Expanding Same Day ACH (SDA) and how these changes will affect you as a financial institution or participant in the ACH Network
Expand on the Changes to the Annual ACH Rules Compliance Audit and what that means to you!
Describe the potential impact and change to procedures that participants in the ACH network will experience based on the approved changes to other ACH Quality and Risk Management topics such as:
Supplementing the fraud detection standard for Internet-initiated (WEB) debits
Allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity
Redefining a Return Reason Code to assist in the Return of Unauthorized Entries to further differentiate the details of “why” the Return is being sent by the RDFI
Enhancing the existing ACH information security requirements for large Originators and Third Parties
Plus, other “upcoming and pending” NACHA Rules changes and how this can change the way you process ACH transactions in the future
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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, Donna 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).

Donna's 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. Donna'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.
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