Compliance with the NEW Third-Party Sender Registration Rule – Are You Ready?
Duration : 90 Minutes
Donna K. Olheiser,
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 exp Read more
Learn what a Third-Party Sender (TPS) is and how this impacts you. Take this training to understand how to determine if you have a Third-Party Sender relationship, the initial, basic registration information to submit to NACHA and the additional registration requirements if requested.
A NEW Rule was recently approved and will require Originating Depository Financial Institutions (ODFIs) to identify and register their Third-Party Sender customers with NACHA. This Rule becomes effective September 29, 2017.
The registration process will promote consistent customer due diligence among all ODFIs, and serve as a tool to support NACHA’s continuing efforts to maintain ACH Network quality.
In order to understand the impact this will make on the different participants (specifically Third Parties) – we need to identify the “Third-Party Sender” – extremely detailed examples will be used to help with this identification (due diligence) process.
Course Objectives:
• Identify ways in which the ODFI can perform due diligence to determine “if” they have a Third-Party Sender relationship
• Outline details on how to determine if there is a “nested” Third-Party Sender
• Provide the implementation period, provided by NACHA to submit initial registration information, or to provide statements that the ODFIs have no Third-Party Sender customers
• Outline timeframe that ODFIs will have to register their Third-Party Sender customers
• Define the requirements for the ODFI to provide a limited set of initial, basic registration information for each Third-Party Sender
• Describe additional registration requirements upon NACHA’s request
Course Outline:
• Defining what a Third-Party Sender is and how this impacts the ODFI
• How to determine if You have a Third-Party Sender Relationship
• Information to have ready about your Third-Party Sender
• Tips for the ODFI to determine if they have a “nested” TPS
• Timing for the ODFI to be in compliance with new Registration Rule
• Process for the ODFI if they “do NOT” have a Third-Party Sender Relationship
What You Get:
• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points
Who Will Benefit:
Financial Institutions, ACH Operations Departments, Audit Departments (within financial institutions), Third-Party ACH Processers. Target personnel include:
• ACH Operations staff
• Third-Party Payment Processors
• Third-Party Senders
• ACH Managers
• Electronic Payments Professionals
• AAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
• Anyone who wishes to enhance their knowledge of the new rulesCompany / Business Owners (Originators)
• Banking Managers/ Supervisors
• Third-Party Service Providers
• Audit and Compliance Personnel / Risk Managers
Please reach us at 1-888-844-8963 for any further assistance or if you wish to register
100% MONEY BACK GUARANTEED
Refund / Cancellation policyGet In Touch
Similar Trainings
New Rules on Processing Unauthorized Returns
LIVE : Scheduled on
24-April-2024 :01:00 PM EDT
|
