What'S New? NACHA Operating Rules Changes for 2016
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
As a financial institution sending and receiving electronic ACH payments, compliance with the NACHA Operating Rules is crucial! This session will identify the Rules changes that will happen in 2016 and highlight what considerations need to be addressed as you ensure you have made the changes to your policies and procedures to ensure you are in compliance with the new Rules changes! Also addressed will be the Rules changes that have been approved and are effective into 2017 and 2018. Every financial institution who processes ACH payments are responsible for being in compliance with the NACHA Operating Rules. In this 90-minute session you will hear all the details about changes to the Rules that are happening in 2016 and in the near future, PLUS what the changes mean to your institution. These changes affect you whether your financial institution sends ACH transactions, or simply receives them. This is definitely a “must-attend” session in 2016!
Course Objectives:
• Identify how ODFI’s will continue monitoring unauthorized return rates – with a reduced threshold
• Describe the NEW Administrative Return threshold and what monitoring means to you as an RDFI and ODFI
• Outline how NACHA’s Enforcement Authority fits with the Rules Enforcement Process and the National System of Fines
• Define format details of the NEW Reinitiation process – are you in compliance with the changes?
• Illustrate when the NEW Return Reason code (R62) is used by an ODFI to dishonor a return related to an unintended credit
• Determine the ONLY circumstances when the RDI can use the NEW Return Reason code (R77) to contest a dishonored return
Course Outline:
• Compliance and operational issues resolved with Rules changes effective Jan 1 that clean-up some language and clarify certain pain-points in the Rules
• Audit requirements for DFI’s reporting Network administrative fees
• ACH Network Risk topics to include TPS (Third Party Sender) obligations and NACHA’s enforcement authority
• Unauthorized Return Rate threshold being reduced – what the new threshold is and what this means to each DFI
• Administrative and Overall Return Rate – what the new rates are and how they affect you as the DFI
• Re-initiation Process being revised to change format requirements and ODFI’s responsibilities
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 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)
• Payroll Processors
• Company / Business Owners (Originators)
• Banking Managers/ Supervisors
• Third-Party Service Providers and Third-Party Senders
• 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
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