NACHA Operating Rules 2016 - NACHA Operating Rules for 2016-By Compliance Global Inc

Overview:
As a financial institution sending and receiving electronic ACH payments, compliance with the NACHA Operating Rules is crucial!
Why Should You Attend:
This webinar will identify the NACHA Rules changes that will happen in 2016 and highlight what considerations need to be addressed as you ensure you have made the changes to your policies and procedures to ensure you are in compliance with the new Rules changes!
Also addressed will be the Rules changes that have been approved and are effective into 2017 and 2018. Every financial institution who processes ACH payments are responsible for being in compliance with the NACHA Operating Rules. These changes affect you whether your financial institution sends ACH security framework transactions, or simply receives them. This is definitely a “must-attend” webinar in 2016!
Areas Covered in this Webinar:
Identify how ODFI’s will continue monitoring unauthorized return rates ? with a reduced threshold
Illustrate when the NEW Return Reason code (R62) is used by an ODFI to dishonor a return related to an unintended credit
Describe the NEW Administrative Return threshold and what monitoring means to you as an RDFI and ODFI
Outline how NACHA’s Enforcement Authority fits with the Rules Enforcement Process and the National System of Fines
Determine the ONLY circumstances when the RDI can use the NEW Return Reason code (R77) to contest a dishonored return
Define format details of the NEW Reinitiation process ? are you in compliance with the changes?
Learning Objectives:
Compliance and operational issues resolved with Rules changes effective Jan 1 that clean-up some language and clarify certain pain-points in the Rules
Audit requirements for DFI’s reporting Network administrative fees
International ACH transactions Network Risk topics to include TPS (Third Party Sender) obligations and NACHA’s enforcement authority
Unauthorized Return Rate threshold being reduced ? what the new threshold is and what this means to each DFI
Administrative and Overall Return Rate ? what the new rates are and how they affect you as the DFI
Re-initiation Process being revised to change format requirements and ODFI’s responsibilities
Who Will Benefit:
Financial Institution Professionals (New/Current Operations Staff)
Treasury Management Professionals
Banking Operations Managers and Staff
Compliance and Risk Professionals
Aspiring and Current AAP’s (Accredited ACH Professionals)
Payroll Processors
Audit and Compliance Personnel / Risk Managers
Company / Business Owners (Originators)
Banking Managers/ Supervisors
Third-Party Service Providers and Third-Party Senders
Speaker Profile:
Donna K Olheiser, AAP, is the Vice President of Education Services and founder for 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, tele-seminars, in-person workshops, including regional and national conferences).
Donna is also an experienced Project Manager managing education programs for organizations processing electronic payments and developing personalized training programs for financial institutions. Donna 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, Donna 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).
Donna’s 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.
Donna’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. If you have not attended a session with Donna, you should add at least one session to your “to-do list” in 2015, definitely worth your investment!