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Challenges, Opportunities and Compliance Requirements for Same Day ACH (SDA)

  • Training

  • 60 Minutes
  • Compliance Online
  • ID: 5974195
This training program will detail what just happened with the adoption of the new Same Day ACH Rule and what will it do for the ACH payments network. It will also help identify the impact on financial institutions (ODFIs and RDFIs), including their originators.

Why Should You Attend:

Originators and ODFI’s in the ACH Network have options when sending ACH Entries, the legacy ACH network (with future dated transactions) and the Same Day ACH (SDA) Network. With the option to send SDA Entries, the opportunities increase for transactions that can be sent (based on recent amendments to the NACHA Operating Rules) are changing. In addition to opportunities come the additional compliance requirements and ensuring that all participants are “in the know” for the Rules changes and the importance of the Effective Entry Date when transmitting ACH Entries (especially with the addition of the third processing window) effective in 2021.

This 60-minute webinar will outline all the details of SDA, how it works, the processing windows, the importance of the Effective Entry Date and the additional responsibilities for the RDFI when receiving SDA transactions.

Details on the possibilities for processing exceptions in the SDA environment and how to take advantage of “faster returns” with the SDA windows.

Recently approved amendments to the NACHA Operating Rules are expanding Same Day ACH by adding an additional window in which Same Day ACH (SDA) Entries can be transmitted. To remain in compliance with these changes and take advantage of the opportunities this change brings, it is crucial to know the impact of these changes and what they mean. This session will outline the upcoming changes and identify the impacts for all ACH participants affected by these changes.

Another change is increasing the dollar limit on a single SDA Entry from $25,000 to $100,000; this will affect ACH processing by adding more Entries (most likely B2B payments) into the network. Discussion during this session will include the impacts to the business and electronic payments going forward and how participants can take advantage of this change and benefit from making this a service available to their business customers.

In addition, a recently implemented NACHA Rules change to funds availability for ALL ACH Entries (both SDA and non-SDA entries) will affect the RDFI when processing ACH transactions. and remaining in compliance with the changes to the NACHA Operating Rules in the near future.

Areas Covered in the Webinar:

  • Outline the timing with adding the third processing window for SDA Entries
  • Identify the impacts to the participants with this new amendment on expanding SDA
  • List the possibilities that become available with the increase in dollar limit for a single SDA Entry
  • Define the process involved with adding an additional processing window for SDA when it comes to procedures and Rules compliance
  • Provide timing for the RDFI to follow with the “faster” funds availability for both SDA and non-SDA Entries with this newly adopted Rules change
  • Describe the potential impact to exception processing with the changes to Same Day ACH

Who Will Benefit:

  • ACH Operations staff (new and seasoned professionals)
  • Banking Operations Managers and Staff
  • Compliance and Risk Professionals
  • Treasury Management Professionals
  • Aspiring and Current AAPs (Accredited ACH Professionals)
  • Originating Companies (Business Owners)
  • Banking Managers/Supervisors
  • ACH Audit Personnel

Course Provider

  • Donna K Olheiser
  • Donna K Olheiser,