Latest Amendments to the NACHA Operating Rules: Compliance Mandates for 2019 and Beyond

    /Donna  / K Olheiser speaker of Training Doyensinvite
    Speaker: Donna K Olheiser


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    Duration: 90 Minutes
    Product Code: 50799
    Level: Intermediate

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OVERVIEW

This session will provide the details on the recently approved amendments on enhancing Same Day ACH (SDA)and raising the dollar limit on SDA transactions (effective in 2019 and 2020). In addition, other approved Rules Changes based on recent proposals by NACHA (National ACH Association) and how this could affect you as a participant in the ACH Network will be discussed.

Details on how an RDFI can return a questionable item and other minor rules will be covered. Changes that will affect the Annual ACH Rules Compliance Audit and Appendix 8; including other related topics on ACH Quality and Risk Management such as supplementing Data Security requirements and Fraud Detection standards for WEB debits, will be included.

WHY SHOULD YOU ATTEND

The NACHA Operating Rules need to be followed by all financial institutions who process ACH transactions. This webinar will provide all the details necessary to help them stay in compliance with all the changes coming in 2019 and beyond! To remain in compliance with the 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 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 change to the annual ACH Rules Compliance Audit which goes into effect Jan 1, 2019.

AREAS COVERED

  • Recently approved amendments to the rules on expanding same day ACH processes
  • Changes to the annual ACH Rules Compliance Audit and Appendix 8 effective January 1, 2019
  • Potential impact on participants 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
    • Allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity
    • Supplementing the existing account information security requirements for large Originators and Third-Parties
  • Other “minor Rules topics” changes and what this means to you as a participant in the network

LEARNING OBJECTIVES

  • Identify the recent rules changes (in 2019 and beyond)
  • Learn the elements of recent rules changes to ensure FI’s and companies are in compliance with these recent changes
  • Know the recently approved amendments to the rules on expanding same day ACH and how these changes will affect you as a financial institution
  • Get specifics on the changes to the annual ACH Rules Compliance Audit and Appendix 8

WHO WILL BENEFIT

  • 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
  • Audit and Compliance Personnel / Risk Managers

SPEAKER

Years of Experience: 34+ years

Areas of Expertise: Payment Processing

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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