The Nacha Operating Rules are always changing. Each participant in the ACH Network is required to follow the Nacha Operating Rules and be compliant.  There are several NEW amendments (passed in 2020 & 2021) which will change the ACH Network processes – this is a NEED to know!  

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 in 2021) – NEW!!!  and more! 

Details on other new amendments to the Nacha Operating Rules on Limitation on Warranty Claims, the Reversal Proces, 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, includes Micro-Entries changes (both effective in Sept, 2022); 

Course Objectives:

• 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: 

o Supplementing the fraud detection standard for Internet-initiated (WEB) debits

o Supplementing the existing account information security requirements for large Originators and Third-Parties

• 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

• Updates on the recently approved changes for “Limitations on Warranty Claims”, “Meaningful Modernization”, “Reversals and Enforcement” and the “Increase to SDA Dollar Limit”. 

• “Micro-Entries” – the newest change will be discussed. 

• Included will be the most recent amendment on 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 (effective Sept 2022)

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. 

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, outlining how Originators are affected by the Fraud Detection Standards for web debits.  In addition, processing Unauthorized Returns (R10 vs R11) has changed in 2020/2021.  As the RDFI, are you prepared for compliance with processing Unauthorized Returns? As the ODFI, are you aware of changes to the ODFI Reporting Requirements for the newly repurposed Return Reason Code R11 and the Unauthorized Entry Fee?

Course Outline:

• Recent Nacha Operating Rules Changes

• Operations Bulletins Review – what this means to you as a participant in the ACH network

• COVID-19 Changes/Updates

• Upcoming Nacha Operating Rules Changes

o TPS Roles and Responsibilities

o Micro- Entries

What You Get:

• Training Materials

• Live Q&A Session with our Expert

• Participation Certificate

• Access to Signup Community (Optional)

• Reward Points

Who Will Benefit:

• Financial Institution Professionals (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