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UPDATES to the NACHA Operating Rules 2023 and the Future
- Outline the most recent ACH Operations Bulletin (#1-2023)
- Included will be the most recent amendment on 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 (effective Sept 2022)
- Micro-Entries – Details on compliance with the new Rules.
- Late-night ACH (both ACH Operators) - what does this mean?
- Recent RFC (Request for Comment) plus an RFI (Request for Information) on Risk Management Topics.
Overview of the webinar
Each participant in the ACH Network is required to follow the Nacha Operating Rules and be compliant. There were several NEW amendments recently passed (in 2022 – in case you missed them) which will change the ACH Network processes – these are a big deal to ensure compliance.
Updates on the most recent Rules amendment in 2022 that include 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)
Micro-Entries details and late night ACH updates information.
The Nacha Operating Rules are always changing. With an Operations Bulletin (issued March 2023) regarding updates to the WSUD and details on a RFC (Request for Comment) plus an RFI (Request or Information) – this is a must attend session!
Who should attend?
- Financial Institution Professionals (New/Current Ops 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
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 in March will identify recommended updates to the WSUD.
Recent RFC (Request for Comment) and an RFI (Request for Information) on even more possible changes will be discussed.
Your ACH operations process IS CHANGING! Register Today!
Faculty - Ms.Donna Olheiser
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.