NEW NACHA Rules Changes for 2019, 2020 & 2021: How Changes Affect Compliance & Audit Requirements with respect to Faster Payments

         The NACHA Operating Rules need to be followed by all financial institutions who process ACH transactions. This webinar will provide all the details necessary to help them stay in compliance with all the changes coming in 2019, 2020 and 2021!

        Topics such as the addition of a new window for Same Day ACH (SDA) allowing two more hours for the SDA functionality. Included will be the details on improving Funds availability for Same Day and non-Same Day ACH transactions. Details on increasing the per-transaction limit for each SDA Entry will also be discussed.

        In addition, a review of how the Annual ACH Rules Compliance Audit is changing – and the removal of Appendix 8. 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 be in compliance with the NACHA Operating Rules. This session will provide the details on the recently approved amendments on enhancing Same Day ACH (SDA) by expanding Same Day ACH and raising the dollar limit on SDA transactions (effective in 2019 thru 2021).

        Details on how an RDFI can return a questionable item and other minor Rules topics will be covered. Changes that will affect the Annual ACH Rules Compliance Audit and Appendix 8; including other related topics on ACH Quality and Risk Management such as supplementing Data Security requirements and Fraud Detection standards for WEB debits.

         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.

         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 change to the annual ACH Rules Compliance Audit which went into effect Jan 1, 2019.

         This is a must-attend session, Register Today!

• Define amendments to the Rules on Expanding Same Day ACH and how these changes will affect you as a financial institution, including the recent extension on expanding SDA timeframe
• Provide specifics on the changes to the annual ACH Rules Compliance Audit and the removal of Appendix 8
• 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
• Allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity
• 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 adding R11 to further define the “why”
• Plus other “minor Rules topics” changes and what this means to you as a participant in the networkk
• Will include the latest operations bulletins as issued by NACHA

This webcast on 2019 NACHA Changes will be of a valuable assistance to the below audience.

• ACH operations staff
• Compliance Staff
• ACH Auditors
• aspiring AAP’s (Accredited ACH Professional)
• AAP’s looking for continuing education credits
• Banking staff