NEW! NACHA Operating Rules Changes for 2021 and 2022

        Each participant in the ACH Network is required to be in compliance with the Nacha Operating Rules. 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 the details on the recently approved amendments on enhancing Same Day ACH (SDA), the Unauthorized Return process, the ACH Contact Registry and more!

         Details on the newly approved amendments to the Nacha Operating Rules including all the elements for a change on Account Information Improvements Through the ACH Network, effective March 18, 2022.

         PLUS, 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.

         The NACHA Operating Rules are always changing, and updates have recently been made due to the current COVID-19 situation! There are six ACH Operations Bulletins posted by Nacha in 2020; four of them explain the updates to the Rules due to changes at financial institutions and extensions of effective dates in light of the current situation; and confirming some Rules changes with current effective dates remaining.

         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!

        Plus, details on the most recent amendments with effective dates in 2021 and 2022; on “Meaningful Modernization”, “Reversals and Enforcement” and “Account Information Improvements Through the ACH Network” and Limitation on warranty claims.

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

         Staying in the loop of the constant changes to the NACHA Operating Rules can be difficult and along with that comes the responsibility as a participant in the ACH Network to remain in compliance with these Rules AND any changes.

         In this 90-minute webinar session, the trainer provide all the details on the most recent and upcoming NACHA Operating Rules changes that affect you as a participant in the ACH network, whether you are an ODFI, an RDFI or a TPS (Third-Party Sender) or TPSP (or Third Party Service Provider). Multiple Rules Changes, NACHA Operations Bulletins, Supplements to the Rules along with examples and explanations of what they each mean to you as a participant will be discussed.

         You don’t want to miss this session! Register Today!

• 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 adding R11 to further define the “why” or purpose of return entry
• Will include 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 “Account Information Improvements Through the ACH Network” and “Limitations on Warranty Claims”.

This webcast on 2021 NACHA Changes will be of a valuable assistance to the below audience.

• 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