New NACHA Operating Rules Changes 2021 and Beyond!
Learn what the 2020-2021 Nacha Operating Rules changes required of ODFIs, RDFIs and third parties, from Same Day ACH expansion to R11 returns and WEB debit fraud rules.
Speaker
Donna K Olheiser
ACH payments trainer · Dynamic Mastership, LLC · Accredited ACH Professional (AAP)
Overview
Financial institutions, third-party senders and third-party service providers must follow the Nacha Operating Rules, which change every year. This 90-minute webinar reviews the rule changes adopted for 2020 and 2021 and their impact on ACH operations.
Topics include faster funds availability for all ACH entries, a new Same Day ACH processing window that added two more hours, and a higher per-transaction limit for Same Day ACH entries. RDFIs also had to change how they return unauthorized entries after Return Reason Code R11 was reclassified to separate the reasons an entry is unauthorized.
The session also covers ACH risk management and quality rules: supplementing the fraud detection standard for internet-initiated (WEB) debits and the account information security requirements for large Originators and third parties.
Why attend: ACH Network participants must keep up with recent changes and newly approved amendments to stay compliant. This session explains how the changes affect you whether you are an ODFI, an RDFI, a third-party sender or a third-party service provider. It suits ACH operations and compliance staff, ACH auditors, banking staff, aspiring Accredited ACH Professionals (AAPs) and AAPs seeking continuing education credits.
What’s covered
- Amendments expanding Same Day ACH, including the extended processing window and higher per-transaction limit
- Faster funds availability for all ACH entries
- Impact on Originators, ODFIs and third parties of other ACH risk management changes
- Supplementing the fraud detection standard for internet-initiated (WEB) debits
- Supplementing account information security requirements for large Originators and third parties
- Reclassifying Return Reason Code R11 to specify why an entry is unauthorized
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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