How To Handle Every New NACHA OPERATING RULES 2019

The National Automated Clearing House Association (NACHA) Operating Rules, are the basis for every Automated Clearing House (ACH) transaction. Any financial institution that processes ACH transactions has to follow these Operating Rules. NACHA, a private, voluntary organization founded back in 1974, has established these Operating Rules with the aim of ensuring that payments, which run into their millions every day, get carried out safely and in a hassle-free manner.

Towards ensuring this, NACHA:

• Defines the roles and responsibilities of financial institutions
• Establishes thorough guidelines that each Network participant has to comply with
• Sets forth rules and standards which financial institutions have to follow when they transfer payments
• Ensures that every NACHA file meets the specifications relating to the format that it has set forth.

NACHA has recently approved a few amendments to the Operating Rules. Given the importance and need for complying with the NACHA’s Operating Rules, it is imperative for any organization that participates in the ACH network to make sure it is knowledgeable about and familiar with all these recent changes.

How do they make sense of these changes and understand the ways of applying them into their practice with immediate effect? This is the learning a valuable webinar from Compliance4All, a leading provider of professional training for all the areas of regulatory compliance, is imparting at a webinar it is organizing on April 10.

Vice-President of Education Services and Founder of Dynamic Mastership, LLC, Donna K Olheiser, will be the speaker at this session. Please log on to https://t2m.io/gVGUDiCK to register for this highly educative session that gives thorough understanding of how your organization needs to apply the latest NACHA Operating Rules and learn how to handle every new NACHA Operating Rules 2019.

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The newly introduced and approved changes into the NACHA Operating Rules apply differently to participants in the ACH network, depending on whether they are an ODFI, an RDFI, a TPS or a TPSP. These are of a very substantial nature. Among the profound changes is the one relating to the annual ACH Rules Compliance Audit, which has taken effect from January 1, 2019.

At this webinar on how to handle every new NACHA Operating Rules 2019, Donna will clarify on this vital part of the changes and will help participants understand the ways by which they can comply with all the changes one can expect during 2019 and later.

She will explain in detail topics such as the addition of a new window for Same Day ACH (SDA), which allows two more hours for the SDA functionality. She will also describe the ways of improving Funds availability for Same Day and non-Same Day ACH transactions in detail. Apart from these, Donna will also review how the Annual ACH Rules Compliance Audit is changing following the removal of Appendix 8. In all, this is going to be a fabulous opportunity for participants to understand in detail how these new Operating Rules will impact their ACH Operations areas.

During the course of the 90 minutes of this webinar, Donna will cover the following areas:

• Define the recently approved amendments to the Rules on Expanding Same day ACH and how these changes will affect you as a financial institution
• Provide specifics on the changes to the annual ACH Rules Compliance Audit and 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
• Plus other "minor Rules topics" changes and what this means to you as a participant in the network.

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About the speaker: A Certified Master Trainer, Donna designs and facilitates over 100 training sessions each year in the area of her expertise: the rules for companies and financial institutions when processing electronic (specifically ACH) payments.

During the nine years for which she has been the education service director at a Regional Payments Association (RPA), she has been managing and facilitating the entire education program for nearly 800 financial institution members.

https://www.nacha.org/rules

https://www.patriotsoftware.com/payroll/training/help/nacha-file-questions-and-answers/

Compliance4All is a professional trainings provider for the regulated industries. It offers professional trainings for regulatory compliance professionals and offers innovative strategic consulting and advice to a broad range of organizations.