Challenges, Opportunities and Compliance Requirements for Same Day ACH (SDA)

Instructor: Donna K Olheiser
Product ID: 704019
Training Level: Intermediate
  • Duration: 60 Min
This training program will detail what just happened with the adoption of the new Same Day ACH Rule and what will it do for the ACH payments network. It will also help identify the impact on financial institutions (ODFIs and RDFIs), including their originators.

recorded version

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Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Nov-2016

Training CD / USB Drive

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Why Should You Attend:

Originators and ODFI’s in the ACH Network have options when sending ACH Entries, the legacy ACH network (with future dated transactions) and the Same Day ACH (SDA) Network. With the option to send SDA Entries, the opportunities increase for transactions that can be sent (based on recent amendments to the NACHA Operating Rules) are changing. In addition to opportunities come the additional compliance requirements and ensuring that all participants are “in the know” for the Rules changes and the importance of the Effective Entry Date when transmitting ACH Entries (especially with the addition of the third processing window) effective in 2021.

This 60-minute webinar will outline all the details of SDA, how it works, the processing windows, the importance of the Effective Entry Date and the additional responsibilities for the RDFI when receiving SDA transactions.

Details on the possibilities for processing exceptions in the SDA environment and how to take advantage of “faster returns” with the SDA windows.

Recently approved amendments to the NACHA Operating Rules are expanding Same Day ACH by adding an additional window in which Same Day ACH (SDA) Entries can be transmitted. To remain in compliance with these changes and take advantage of the opportunities this change brings, it is crucial to know the impact of these changes and what they mean. This session will outline the upcoming changes and identify the impacts for all ACH participants affected by these changes.

Another change is increasing the dollar limit on a single SDA Entry from $25,000 to $100,000; this will affect ACH processing by adding more Entries (most likely B2B payments) into the network. Discussion during this session will include the impacts to the business and electronic payments going forward and how participants can take advantage of this change and benefit from making this a service available to their business customers.

In addition, a recently implemented NACHA Rules change to funds availability for ALL ACH Entries (both SDA and non-SDA entries) will affect the RDFI when processing ACH transactions. and remaining in compliance with the changes to the NACHA Operating Rules in the near future.

Areas Covered in the Webinar:

  • Outline the timing with adding the third processing window for SDA Entries
  • Identify the impacts to the participants with this new amendment on expanding SDA
  • List the possibilities that become available with the increase in dollar limit for a single SDA Entry
  • Define the process involved with adding an additional processing window for SDA when it comes to procedures and Rules compliance
  • Provide timing for the RDFI to follow with the “faster” funds availability for both SDA and non-SDA Entries with this newly adopted Rules change
  • Describe the potential impact to exception processing with the changes to Same Day ACH

Who Will Benefit:

  • ACH Operations staff (new and seasoned professionals)
  • Banking Operations Managers and Staff
  • Compliance and Risk Professionals
  • Treasury Management Professionals
  • Aspiring and Current AAPs (Accredited ACH Professionals)
  • Originating Companies (Business Owners)
  • Banking Managers/ Supervisors
  • ACH Audit Personnel
Instructor Profile:
Donna K Olheiser

Donna K Olheiser
Owner, Dynamic Mastership, LLC

Donna founded Dynamic Mastership, LLC in December 2014 in an effort to utilize her 24+ years’ experience in the financial services industry, by sharing her passion for training financial institutions and organizations on the Rules and processes for electronic payments (with her specialty being ACH payments). She holds the Accredited ACH Professional (AAP) designation (achieved in 2004). Donna’s experience before founding Dynamic Mastership, includes 9 years' serving as the Education Service Director at a Regional Payments Association (RPA), where she managed and facilitated the entire Education program for nearly 800 financial institution members. Prior to that, Donna spent 14 years with the Federal Reserve Bank of Minneapolis in various departments, where she started her training career as the Training and Development Specialist in 2003.

Donna is a certified Master Trainer who continually uses her extensive knowledge, experience, enthusiasm and passion for transferring payment processing details, while using the adult learning theory is remarkable! Her training style has helped many payment professionals remain consistently informed of the NEW and ever-changing NACHA Operating Rules and explaining how the Rules apply when performing daily operational tasks including complex return and exception processing. She incorporates scenarios and examples in her detailed training, so the Rules are easy to comprehend and apply to real-life day-to-day ACH processing. Donna's ability to engage the learner through the entire training event helps the adult learner apply what they've learned during and after each training session.

Topic Background:

Same Day ACH (SDA) was implemented in three phases, beginning Sept of 2016 and ending in March 2018. With this new option in the ACH Network it gave the Originator and ODFI an opportunity to send and settle payments on the same day for a small fee. With SDA fully implemented and due to a recently approved amendment to the Rules, SDA is expanding by adding a third window for processing SDA transactions and the dollar limit is increasing for a single SDA transaction. This change impacts Originators, ODFI’s and RDFI’s – this session will outline the benefits and impacts that these changes bring to ACH processing.

This change impacts Originators, ODFI’s and RDFI’s – this session will outline the benefits and impacts that these changes bring to ACH processing.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

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