2019/2020 NACHA Rules Changes: Impacts to your Business Practices, Payments Strategies, and Industry Initiatives

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Donna K Olheiser

Speaker: Donna K Olheiser

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Banking and Finance Webinar Image
Date
17 December, 2019 (Tuesday)
Time
12:00 PM PST | 03:00 PM EST
Duration
90 Minutes

Overview

Nacha approved amendments expanding Same Day ACH functionality that changed day-to-day ACH processing in 2019 and 2020. This 90-minute Nacha rules changes webinar explains those amendments and the related proposals that followed.

You'll look at Nacha's request for comment on ACH messaging entries and how financial institutions might use them to improve exception processing, along with Nacha's request for information on future Same Day ACH enhancements.

The session also reviews proposed changes to the annual ACH Rules Compliance Audit and Appendix 8, and proposals on ACH quality and risk management, including authorization warranty claim limits, unauthorized return types, WEB debit fraud detection and account information security for large Originators and third parties.

Area Covered

  • Approved amendments expanding Same Day ACH and how they affect financial institutions
  • Nacha's request for information on future Same Day ACH changes
  • ACH messaging entries and how they could help exception processing
  • Proposed changes to the annual ACH Rules Compliance Audit and Appendix 8
  • Limiting how long an RDFI can claim against an ODFI's authorization warranty
  • Differentiating among types of unauthorized returns
  • Supplementing the fraud detection standard for internet-initiated (WEB) debits
  • Letting RDFIs flag a returned transaction as questionable or part of anomalous activity
  • Supplementing account information security requirements for large Originators and third parties

Why Should You Attend

Every ACH Network participant must comply with the Nacha Operating Rules. This session explains the approved Same Day ACH amendments and the proposed changes, and how each could affect you as a participant in the ACH Network.

It suits ACH operations staff, compliance officers, ACH managers and electronic payments professionals.

Who Will Benefit?

  • ACH Operations staff
  • Compliance Officers
  • ACH Managers
  • Electronic Payments Professionals

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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