Every ACH Network participant must comply with the Nacha Operating Rules. This 90-minute Nacha Operating Rules webinar explains a set of amendments that expanded Same Day ACH, added another processing window and raised the limit for a single Same Day ACH entry from $25,000 to $100,000.

It also covers changes to the annual ACH Rules compliance audit and Appendix 8, and risk management amendments: a supplemented fraud detection standard for WEB debits, account information security requirements for large originators and third parties, and the ability for RDFIs to flag a return as questionable or part of anomalous activity.

You'll see how each change affects financial institutions, third-party senders and third-party service providers.

WHY SHOULD YOU ATTEND?

Rule changes alter how you process Same Day ACH entries, manage risk and complete your annual audit. Missing them puts your institution or business out of step with the Nacha Operating Rules.

This session suits ACH operations, compliance and audit staff, banking operations managers, risk and treasury management professionals, current and aspiring AAPs, originators, and third-party service providers and senders.

AREA COVERED

• Amendments expanding Same Day ACH and how they affect financial institutions
• The added Same Day ACH processing window
• Raising the single Same Day ACH entry limit from $25,000 to $100,000
• Changes to the annual ACH Rules compliance audit and Appendix 8
• Supplementing the fraud detection standard for internet-initiated (WEB) debits
• Letting RDFIs indicate that an original transaction was questionable or part of anomalous activity
• Supplementing account information security requirements for large originators and third parties
• Other minor rules changes and what they mean for network participants

LEARNING OBJECTIVES

• Describe the additional Same Day ACH window and its effect on network participants
• Outline the effects of raising the Same Day ACH per-entry limit to $100,000
• Explain how the annual ACH Rules compliance audit changed and plan your next audit
• Summarize the approved changes on ACH quality and risk management
• Review the fraud detection standards for originating WEB debits
• Explain the information security requirements for large originators and third parties

WHO WILL BENEFIT?

• ACH operations staff, compliance staff, ACH Auditors
• 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
• Third-Party Service Providers and Third-Party Senders
• Audit and Compliance Personnel / Risk Managers