Compliance and Clarification of Nacha’s Third-Party Sender (TPS) Roles & Responsibilities

Speaker

Instructor: Donna K Olheiser
Product ID: 706803
Training Level: Intermediate to Advanced

Location
  • Duration: 90 Min
Recent updates to the Nacha Operating Rules are further clarifying the Roles and Responsibilities for Third-Party Senders (TPSs) who use the ACH network. Purpose of the update is to explicitly identify the use of not just TPSs but also “nested” TPS. The update is also addressing the requirement that a TPS conduct a Risk Assessment. Both Rules become effective Sept 30, 2022, with a 6-month grace period for certain aspects of each Rule. This 90-minute session will address all the details.
RECORDED TRAINING
Last Recorded Date: Feb-2022

 

$249.00
1 Person Unlimited viewing for 6 month info Recorded Link and Ref. material will be available in My CO Section
(For multiple locations contact Customer Care)

$349.00
1 USB is for usage in one location only. info CD/USB and Ref. material will be shipped within 15 business days
(For multiple locations contact Customer Care)

 

 

Customer Care

Fax: +1-650-362-2367

Email: [email protected]

Read Frequently Asked Questions

Why Should You Attend:

This session will help you identify a Third-Party Sender (TPS) and a “nested” TPS. In addition, we will cover the details needed in the agreements between all parties and what parties based on their role. Discussion on the registration requirement for both the TPS and the nested TPS and what that means to the ODFI.

Details on what individual aspects of the Rules have a 6-month grace period and how this affects compliance with these 2 NEW Rules.

Areas Covered in the Webinar:

Key points surrounding TPS Roles and Responsibilities and what it means to the participants in the ACH Network will be detailed.

  • Define a Third-Party Sender (TPS)
  • Define a “nested” Third-Party Sender (TPS)
  • List details of agreement requirements between which parties and why this is necessary
  • Identify an ACH Risk Assessment and its purpose
  • Outline who needs to do the ACH Risk Assessment based on this NEW Rule
  • Detail certain aspects of the Rule that have a 6-month grace period

Who Will Benefit:

  • Bank operations staff
  • New employees in the payments industry
  • Bank managers and payment professionals
  • CEO’s and CFO’s
  • Risk, Compliance and Audit personnel
  • Aspiring AAP’s and current AAP’s for AAP CE Credits
Instructor Profile:
Donna K Olheiser

Donna K Olheiser
VP of Education, Dynamic Mastership

Donna has over 24 years of experience in the financial services industry which includes 9 years' experience 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 in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).

Donna's extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, 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.

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