Events

New NACHA Operating Rules Changes 2020/2021 and Beyond!

Created by Training Doyens (See other events)
  • Apr 9, 2020 from 15:00 to 16:30
  • Location: Webinar
  • Latest Activity: Oct 12, 2020
OVERVIEWAs a financial institution, a third-party sender, or a third-party service provider, you must follow the NACHA Operating Rules each year – they are always changing! This webinar will provide all the details necessary to help each participant maintain compliance with the new NACHA operating rules changes, 2020 and beyond.Topics such as the already implemented “faster funds availability” for ALL ACH transactions, and the addition of a new window for Same Day ACH (SDA) allowing two more hours for the SDA functionality, going into effect in 2021, PLUS, details on increasing the per-transaction limit for each SDA Entry will also be discussed. RDFI’s will need to change their process when returning unauthorized Entries with the reclassifying of Return Reason Code R11.WHY SHOULD YOU ATTENDTo ensure compliance with the NACHA Operating Rules, participants in the ACH network need to ensure they are up-to-date on recent changes and newly approved amendments to the Rules.This session will cover all 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. There are several pertinent changes to the NACHA Operating Rules, including a big change to differentiating between the reasons “why” an Entry is being returned as unauthorized.This is a must-attend session, so register today!AREAS COVERED• Discover the amendments to the Rules on expanding Same Day ACH processes and how these changes will affect you as a financial institution, including the recent extension to processing SDA transactions• Identify the “already implemented” faster funds availability for ALL ACH entries• Describe the potential impact on Originators, ODFI’s and Third-Parties in the ACH network with approvedLEARNING OBJECTIVESThis session will provide all the details on the recently approved amendments, which go into effect in 2020 and the future, including enhancements to Same Day ACH entries (SDA) and discovering the options now available when returning unauthorized entries. Included will be necessary changes to Rules that continue to ensure quality ACH transactions are being transmitted and for ACH Risk Management, by NACHA supplementing the Data Security requirements and Fraud Detection standards for Originators of WEB debits; and adding to the existing account information security requirements for large Originators and Third-Parties.WHO WILL BENEFIT• ACH operations staff• Compliance staff• ACH Auditors• Aspiring AAP’s (Accredited ACH Professional)• AAP’s looking for continuing education credits• Banking staffUse Promo Code TDES20 and get flat 20% discount on all purchases.To Register (or) for more details please click on this below link:http://bit.ly/2Qb3kJGEmail: support@trainingdoyens.comToll Free: +1-888-300-8494Tel: +1-720-996-1616Fax: +1-888-909-1882
E-mail me when people leave their comments –
Follow

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

Upcoming Featured events

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead