Every participant in the ACH Network must comply with the Nacha Operating Rules. This 90-minute Nacha rules changes webinar reviews the amendments adopted in 2022 and 2023 and how they affect ACH Network processes.
You'll look at the amendment clarifying the roles and responsibilities of Third-Party Senders (TPS), including nested Third-Party Sender relationships, which took effect in September 2022. The session also covers the rules on expanding Same Day ACH and what they mean for financial institutions as ODFI and RDFI, the micro-entries rule, and late-night ACH processing information from the ACH Operators.
It closes with Nacha Operations Bulletins and recommended WSUD updates, and Requests for Comment and a Request for Information on risk management topics.
WHY SHOULD YOU ATTEND?
ACH Network participants must stay current on rule changes and newly approved amendments to remain compliant, and these changes affect day-to-day ACH operations.
This session suits financial institution operations staff, banking operations managers and supervisors, third-party processors, originating companies, compliance, audit and risk professionals, treasury management professionals, and current and aspiring Accredited ACH Professionals (AAPs).
AREA COVERED
- Amendments expanding Same Day ACH and their effect on RDFIs and ODFIs
- Clarifying the roles and responsibilities of Third-Party Senders, including nested relationships (effective September 2022)
- The micro-entries rule update
- Late-night ACH processing information from the ACH Operators
- Nacha Operations Bulletins and recommended WSUD updates
- Requests for Comment and a Request for Information on risk management topics
LEARNING OBJECTIVES
- Explain how the Same Day ACH expansion affects your institution as ODFI and RDFI
- Apply the clarified roles and responsibilities of Third-Party Senders, including nested relationships
- Understand the micro-entries rule changes
- Use Operations Bulletin guidance to update your WSUD
- Follow proposed rule changes raised in Nacha Requests for Comment and Requests for Information
WHO WILL BENEFIT?
- Financial Institution Professionals (New/Current Ops Staff)
- Third-Party Processors
- Originating Companies
- Banking Operations Managers and Staff
- Compliance and Risk Professionals
- Treasury Management Professionals
- Aspiring and Current AAPs (Accredited ACH Professionals)
- Banking Managers/ Supervisors
- Audit and Compliance Personnel / Risk Managers
ACH Network participants must stay current on rule changes and newly approved amendments to remain compliant, and these changes affect day-to-day ACH operations.
This session suits financial institution operations staff, banking operations managers and supervisors, third-party processors, originating companies, compliance, audit and risk professionals, treasury management professionals, and current and aspiring Accredited ACH Professionals (AAPs).
- Amendments expanding Same Day ACH and their effect on RDFIs and ODFIs
- Clarifying the roles and responsibilities of Third-Party Senders, including nested relationships (effective September 2022)
- The micro-entries rule update
- Late-night ACH processing information from the ACH Operators
- Nacha Operations Bulletins and recommended WSUD updates
- Requests for Comment and a Request for Information on risk management topics
- Explain how the Same Day ACH expansion affects your institution as ODFI and RDFI
- Apply the clarified roles and responsibilities of Third-Party Senders, including nested relationships
- Understand the micro-entries rule changes
- Use Operations Bulletin guidance to update your WSUD
- Follow proposed rule changes raised in Nacha Requests for Comment and Requests for Information
- Financial Institution Professionals (New/Current Ops Staff)
- Third-Party Processors
- Originating Companies
- Banking Operations Managers and Staff
- Compliance and Risk Professionals
- Treasury Management Professionals
- Aspiring and Current AAPs (Accredited ACH Professionals)
- Banking Managers/ Supervisors
- Audit and Compliance Personnel / Risk Managers