The NACHA Operating Rules are always changing, updates have recently been made and continue to be in place due to the current COVID-19 situation! Four ACH Operations Bulletins posted by Nacha in 2020 explain the updates to the Rules due to changes at financial institutions and extensions of effective dates in light of the current situation and confirm some Rule changes with current effective dates remaining.
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, 2021, for phase 1 (phase 2 goes into effect April 1 of 2022) – 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!
1. Supplementing the fraud detection standard for Internet-initiated (WEB) debits
2. Supplementing the existing account information security requirements for large Originators and Third-Parties (effective date has been extended)
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, 2021, for phase 1 (phase 2 goes into effect April 1 of 2022) – 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!
1. Supplementing the fraud detection standard for Internet-initiated (WEB) debits
2. Supplementing the existing account information security requirements for large Originators and Third-Parties (effective date has been extended)
Donna K Olheiser
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience …
Excel & ChatGPT Synergy Masterclass: Unleashing Financial A…
2025 EEOC & Employers: Investigating Claims of Harassment …
Drive Recruiting Success with the Using Recruiting Metrics …
Introduction to Microsoft Power BI Dashboards
Designing Employee Experiences to Build a Culture of Compli…
What is in Store for Employers When Updating Employee Handb…
Mastering Job Descriptions: Legal and Practical Insights fo…
Impact Assessments For Supplier Change Notices
Effective Onboarding: How to Welcome, Engage, and Retain Ne…
Onboarding Best Practices for 2025: Proven Strategies to Po…
Accounting For Non Accountants : Debit, Credits And Financi…
Creating a Successful Job Rotation Program
The Anti-Kickback Statute: Enforcement and Recent Updates
FDA Compliance And Laboratory Computer System Validation
How To Create Psychological Safety in your Organization
Transforming Anger And Conflict Into Collaborative Problem …
Aligning Your HR Strategy with Your Business Strategy
How to Give Corrective Feedback: The CARE Model - Eliminati…
AI at Your Service: Enhancing Your Microsoft OfficeSkills w…
Zero Acceptance Sampling to Reduce Inspection Costs
Identifying, Managing, and Retaining High Potential Employe…
I-9 Audits: Strengthening Your Immigration Compliance Strat…
Why EBITDA Doesn't Spell Cash Flow and What Does
Female to Female Hostility @Workplace: All you Need to Know
Human Factors Usability Studies Following ISO 62366 and FDA…
Developing and Implementing Quality Culture in the Organiza…
FDA Recommendations for Artificial Intelligence/Machine Lea…
How to Document Employee Discussions and Why it is Important
Project Management for Non-Project Managers - How to commun…
Dealing With Difficult People In Life & Work
2-Hour Virtual Seminar on the 6 Most Common Problems in FDA…
How to Write Effective Audit Observations: The Principles f…
Enhancing Pivot Tables with Images: Visualize Your Data Lik…
How to Write Contracts for Procurement Professionals
Project Management for administrative professionals
Uplifting the Credibility of HR: How to Build the Credibili…
Strategic Interviewing & Selection: Getting the Right Talen…
Performance of Root Cause Analysis, CAPA, and Effectiveness…
FDA Audit Best Practices - Do's and Don'ts
Successful Strategies for FDA Expedited Pathways for Your D…
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
How to Manage the Legal Landmine of the FMLA, ADA and Worke…
Excel Lookup Functions: VLOOKUP, HLOOKUP, and XLOOKUP Made …