Updates to the NACHA Operating Rule Changes 2022 and Beyond!

Why Should You Attend:

To remain in compliance with the Rules, participants in the ACH network need to ensure they are up to date on recent changes and newly approved amendments to the Rules. Discussion on the Operations Bulletins issued by Nacha will outline the updates to different Rules with our current situation and COVID-19. Recent RFC (Request for Comment) and an RFI (Request for Information) on even more possible changes will be discussed. Included will be the most recent amendment that affects all financial institutions using the ACH Network.

You will learn about the impacts of the ACH Contact Registration Rule – which went into effect on July 1, 2020!

This session will also cover the newly approved details and any recent updates by NACHA, plus how these changes affect you as a participant in the ACH network, whether you are an ODFI, an RDFI or a TPS or TPSP. Changes such as Data Security requirements (effective date has been extended) and how Originators are affected by the Fraud Detection Standards for web debits. In addition, the processing of Unauthorized Returns has changed effective April 1, 2020 for phase 1 (phase 2 goes into effect April 1 of 2021) – As the RDFI, are you prepared for the proper use of R10 and R11 (what to do if you’re not ready) and as the ODFI, are you aware of changes to the ODFI Reporting Requirements for R11 and the Unauthorized Entry Fee?

This is a must-attend session, your ACH operations process IS CHANGING! Register Today!

Areas Covered in the Webinar:

• Define amendments to the Rules on Expanding Same Day ACH and how these changes will affect you as a financial institution, as the RDFI and the ODFI!
• Describe the potential impact on participants in the ACH network with approved changes to other ACH Risk Management topics such as:
• Supplementing the fraud detection standard for Internet-initiated (WEB) debits
• Supplementing the existing account information security requirements for large Originators and Third-Parties (effective date has been extended)
• Details on the most recent change to specifying the details of an unauthorized return by repurposing Return Reason Code R11 to further define the “why” or purpose of return entry
• Includes all details on the six 2020 Operations Bulletins as issued by Nacha since Jan 2020
• Updates on the recently approved changes for Meaningful Modernization “Reversals and Enforcement” and and “Limitations on Warranty Claims”. Plus potential changes regarding “Account Information Improvements Through the ACH Network”

Who Will Benefit:

• Financial Institution Professionals (New/Current Operations 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

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.

Topic background:

Details necessary to help participants in the ACH Network remain compliant with these NEW amendments going into effect for 2021 and 2022, including Unauthorized Returns and the ACH Contact Registry that went into effect in 2020 (and carry over into 2021!

Plus, an overview on the most recent amendments with effective dates in 2021 on “Limitation on Warranty Claims”, “Meaningful Modernization”, “Reversals and Enforcement”. Included will be the NEWLY APPROVED increase to SDA Dollar Limit” PLUS the “Third-Party Roles and Responsibilities” – BOTH effective in 2022. Discussion on a potential change regarding “Account Information Improvements Through the ACH Network” is part of this webinar.

Register today for your chance to see how these new Rules will impact your ACH Operations areas.

Each participant in the ACH Network is required to follow the Nacha Operating Rules and be compliant. There are several NEW amendments recently passed which will change the ACH Network processes – this is a NEED to know! In addition, an overview on Operations Bulletins (issued by Nacha) will be discussed (there are six of them for 2020).

This session will provide an overview of the changes to Same Day ACH (SDA)-(effective March 2021), the Unauthorized Return process with a new Return Reason Code R11 and the ACH Contact Registry (both effective right now in 2020) – NEW!!! and more!

Details on the new amendments to the Nacha Operating Rule on Limitation on Warranty Claims, the Reversal Process and Rules Enforcement changes surrounding reversals, and Meaningful Modernization to enhance the ACH Network to keep up with changes in the payments landscape (all effective in 2021). Plus updates on the most recent Rules amendment that includes clarifying the roles and responsibilities of Third-Party Senders (TPS) in the ACH Network by; addressing the existing practice of Nested Third-Party Sender relationships, and more (effective in Sept, 2022)

Frequently Asked Questions:

1. Can an RDFI block reversing debit entries if requested to do so by a receiver?
2. We have requests from our clients asking our financial institution to return all debits from all Originators, and to ensure that No debits post to their accounts. Can we Honor these requests?
3. Will NACHA extend the effective dates for other rules that are implementing in 2020 and 2021?
4. What is the procedure if a Merchant is integrated with a shopping cart or third party software provider?
5. What changes can we expect when these rules are implemented in 2021 and 2022?
6. What should an RDFI do if a US treasury payment is to a closed account?
7. Is NACHA extending the deadline for annual ACH rules compliance audits due to the pandemic?
8. How will the IRS-Treasury economic impact payments be identified?
9. Will NACHA relax the 60 calendar day return time frame for unauthorized debits to consumer accounts during the National Emergency?

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