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May

10


NEW NACHA OPERATING RULES CHANGES FOR 2022 AND BEYOND!


by GRC Advisory Online
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$245 – $670


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EVENT INFORMATION

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DATE AND TIME

Tue, May 10, 2022

5:00 PM – 6:30 PM UTC

Location


LOCATION

Online event

Event description
New NACHA Operating Rules Changes for 2022 and Beyond!


ABOUT THIS EVENT


COURSE DESCRIPTION:

The NACHA Operating Rules are always changing, updates are currently in place
due to the ongoing COVID-19 situation! Operations Bulleting #7 outline the
details on the Rules and changes at financial institutions with 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 ensure compliance with
NEW amendments already in effect for 2021, PLUS the changes for 2022.

Plus, an overview on the most recent amendments with effective dates in 2021 on
“Limitation on Warranty Claims”, “Meaningful Modernization”, “Reversals and
Enforcement”. Included will be the NEWLY APPROVED increase to SDA Dollar Limit”
PLUS the “Third-Party Roles and Responsibilities” – BOTH effective in 2022.

Discussion on a potential change regarding “Account Information Improvements
Through the ACH Network” is part of this webinar.

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




LEARNING OBJECTIVES:

Each participant in the ACH Network is required to follow the Nacha Operating
Rules and be compliant. There are several NEW amendments recently passed 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 the new amendments to the Nacha Operating Rule on 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 (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, and more
(effective in Sept, 2022)



Use Code - "GET10" and get a 10% discount!




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. 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. Have you met the
requirements for the ACH Contact Registry? (The portal became available 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, 2020 for phase 1 (phase 2
went

into effect April 1 of 2021) – 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!




AREAS COVERED IN THE WEBINAR:

 * 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 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”. Plus potential changes in the future
   regarding “Account Information Improvements Through the ACH Network” – Tons
   of Details!




WHO WILL BENEFIT:

 * 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




INSTRUCTOR PROFILE:

Donna K Olheiser, AAP, is the vice president of Education Services and founder
of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified
Master Trainer with over 14 years’ experience. She has designed and facilitated
over 150 training sessions each year with her expertise being the rules for
companies and financial institutions when processing electronic (specifically
ACH) payments, then scheduling the events to facilitate/deliver the material
through a variety of venues (webinars, teleseminars, in-person workshops,
including regional and national conferences).

Ms. Olheiser is also an experienced project manager managing education programs
for organizations per their requests on processing electronic payments while
developing personalized training programs for financial institutions. She has
over 23 years of experience in the financial services industry which includes 9
years’ experience as the education service director at a Regional Payments
Association (RPA), where she managed and facilitated the entire education
program for nearly 800 financial institution members. Prior to that, Ms.
Olheiser spent 14 years in various departments with the Federal Reserve Bank of
Minneapolis and also holds the Accredited ACH Professional (AAP) designation
(achieved in 2004).

Her extensive knowledge, enthusiasm, and passion for transferring payment
processing knowledge using the adult learning theory is remarkable and has
helped many payment professionals perform daily operational tasks including
exception processing while remaining compliant with the NACHA Operating Rules.
She uses scenarios and examples to bring the learning home, easy to comprehend
and apply to real-life day-to-day ACH processing. Ms. Olheiser’s ability to
engage the learner through the entire training event helps the adult learner
apply what they’ve learned during and after each training session.




REGISTER NOW!

Use Code - "GET10" and get a 10% discount!



Refund Policy:

Attendees may cancel up to two working days prior to the course start date and
the refund will be processed within two working days. GRC Advisory Online will
process/provide refund if the Live Webinar has been cancelled.

Refunds will not be given to participants who do not show up for the webinar.
On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors.
Attendees will be notified 24 hours in advance if a cancellation occurs.
Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied
please contact us at below email or by call mentioning your feedback for
resolution of the matter. Please leave your name and number for a call back.

We respect feedback/opinions of our customers which enables us to improve our
products and services.

To contact us please email customercare@grcadvisoryonline.com or call
+1-833-827-3272 (Toll Free).



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 * Online Classes
 * Online Business Classes
 * #nacha
 * #nacha_rules
 * #nacha_rules_changes
 * #nacha_rules_changes_2022



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DATE AND TIME

Tue, May 10, 2022

5:00 PM – 6:30 PM UTC


LOCATION

Online event





GRC ADVISORY ONLINE

Organizer of New NACHA Operating Rules Changes for 2022 and Beyond!

We are a platform that empowers quality, compliance and risk management
professionals by providing information and knowledge they seek in a simplified
way. 

Website - https://grcadvisoryonline.com/

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