2018 NACHA Operating Rules Changes & Regulatory Changes
Donna K Olheiser, AAP, is Keynote Speaker at ComplianceKey and she is the vice president of Education Services and founder of Dynamic Mastership, LLC.;and holds the Accredited ACH Professional (AAP) designation (achieved in 2004). She is an enthusiastic and energetic Certified Master Trainer with over 14 year's training experience. She has designed and facilitated over 100 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 and deliver the materi........
Overview
Same Day ACH has been one of the largest changes to the ACH network and Phase 3 is the last part being implemented in March of 2018. How does Phase 3 affect a financial institution or even an Originating company when processing ACH payments in a faster settlement environment. In the fall of 2017, Third-Parties Senders were required to comply with a registration process and that period to complete the registration requirement will end in March of 2018. Attend this webinar for these changes and what they mean to the participants in the ACH network who are responsible for compliance with these Rules!
Why should you attend this webinar?
To remain in compliance with the Rules, the topics covered will include: Details of the funds availability requirement for the last and final phase of Same Day ACH (March 2018); Responsibility of the ODFI and the TPS Registration process window which ends in March of 2018. Discussion on other regulatory changes, such as the major changes to Regulation CC (Availability of Funds and Collection of Checks) which was amended by the Federal Reserve Bank, Board of Governors on May 31, 2017 and will become effective on July 1, 2018. Also details on two recent Request For Comment (RFC) and one Request For Information (RFI) from NACHA requesting comments on changes relating to Same Day ACH in the near future and what that means to you.
Areas Covered in the Session:
- How the 2017 TPS Registration - compliance requirements for the ODFI
- Funds availability requirements for Same Day ACH credits for the last and final phase of Same Day ACH implementation
- Outline the major changes to Regulation CC, amended by the FRB Board of Governors in May 2017; (Reg CC -Availability of Funds and Collection of Checks) changes that go into effect in 2018
- Discussion on two RFC's with deadlines for comments being Jan 26 (NACHA is requesting comments on proposed rules to expand Same Day ACH)
- An additional RFI, by NACHA asking for information on expanding the ACH Network by Feb 23, 2018
Who can Benefit:
- Financial Institutions
- ACH Operations Departments
- Audit Departments (within financial institutions)
- Third-Party ACH Processers
- Companies who process electronic payments (ACH payments specifically) ACH Operations staff
- Compliance Officers
- ACH Managers
- Electronic Payments Professionals
- AAP's - keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
