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) that 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 update to the Rules and late-night ACH with the ACH Operators information.
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) – with proposed Rules Changes in Mar and Sep of 2024) and an RFI (Request for Information) on even more possible changes will be discussed.
Your ACH operations process HAS CHANGED! Register Today to ensure YOUR compliance with the most RECENT updates to the Nacha Operating Rules!!
AREA COVERED
- 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!
- 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)
- Recent RFC (Request for Comment) plus an RFI (Request for Information) on Risk Management Topics
WHO WILL BENEFIT?
- 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
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) – with proposed Rules Changes in Mar and Sep of 2024) and an RFI (Request for Information) on even more possible changes will be discussed.
Your ACH operations process HAS CHANGED! Register Today to ensure YOUR compliance with the most RECENT updates to the Nacha Operating Rules!!
- 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!
- 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)
- Recent RFC (Request for Comment) plus an RFI (Request for Information) on Risk Management Topics
- 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