Nacha approved amendments expanding Same Day ACH functionality that changed day-to-day ACH processing in 2019 and 2020. This 90-minute Nacha rules changes webinar explains those amendments and the related proposals that followed.
You'll look at Nacha's request for comment on ACH messaging entries and how financial institutions might use them to improve exception processing, along with Nacha's request for information on future Same Day ACH enhancements.
The session also reviews proposed changes to the annual ACH Rules Compliance Audit and Appendix 8, and proposals on ACH quality and risk management, including authorization warranty claim limits, unauthorized return types, WEB debit fraud detection and account information security for large Originators and third parties.
WHY SHOULD YOU ATTEND?
Every ACH Network participant must comply with the Nacha Operating Rules. This session explains the approved Same Day ACH amendments and the proposed changes, and how each could affect you as a participant in the ACH Network.
It suits ACH operations staff, compliance officers, ACH managers and electronic payments professionals.
AREA COVERED
- Approved amendments expanding Same Day ACH and how they affect financial institutions
- Nacha's request for information on future Same Day ACH changes
- ACH messaging entries and how they could help exception processing
- Proposed changes to the annual ACH Rules Compliance Audit and Appendix 8
- Limiting how long an RDFI can claim against an ODFI's authorization warranty
- Differentiating among types of unauthorized returns
- Supplementing the fraud detection standard for internet-initiated (WEB) debits
- Letting RDFIs flag a returned transaction as questionable or part of anomalous activity
- Supplementing account information security requirements for large Originators and third parties
LEARNING OBJECTIVES
- Explain the approved Same Day ACH expansion and its effect on your institution
- Outline the industry feedback Nacha sought on future Same Day ACH changes
- Describe how ACH messaging entries could improve exception processing
- Review proposed changes to the ACH Rules Compliance Audit and Appendix 8
- Assess proposed ACH risk management changes for returns, warranties and WEB debits
WHO WILL BENEFIT?
- ACH Operations staff
- Compliance Officers
- ACH Managers
- Electronic Payments Professionals
Every ACH Network participant must comply with the Nacha Operating Rules. This session explains the approved Same Day ACH amendments and the proposed changes, and how each could affect you as a participant in the ACH Network.
It suits ACH operations staff, compliance officers, ACH managers and electronic payments professionals.
- Approved amendments expanding Same Day ACH and how they affect financial institutions
- Nacha's request for information on future Same Day ACH changes
- ACH messaging entries and how they could help exception processing
- Proposed changes to the annual ACH Rules Compliance Audit and Appendix 8
- Limiting how long an RDFI can claim against an ODFI's authorization warranty
- Differentiating among types of unauthorized returns
- Supplementing the fraud detection standard for internet-initiated (WEB) debits
- Letting RDFIs flag a returned transaction as questionable or part of anomalous activity
- Supplementing account information security requirements for large Originators and third parties
- Explain the approved Same Day ACH expansion and its effect on your institution
- Outline the industry feedback Nacha sought on future Same Day ACH changes
- Describe how ACH messaging entries could improve exception processing
- Review proposed changes to the ACH Rules Compliance Audit and Appendix 8
- Assess proposed ACH risk management changes for returns, warranties and WEB debits
- ACH Operations staff
- Compliance Officers
- ACH Managers
- Electronic Payments Professionals