2018 - 2018 NACHA Operating Rules: An Update on Changes Ahead

OVERVIEW
There are changes to the NACHA Operating Rules each year. To remain in compliance with the Rules, the upcoming changes to be 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 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. In addition, details on the proposed rules by NACHA to expand Same Day ACH in the future.
WHY SHOULD YOU ATTEND
The NACHA Operating Rules need to be followed by all financial institutions who process ACH transactions. This webinar will provide all the details necessary to help them stay in compliance with all the changes coming in 2018! Topics such as the NEWLY adopted 2017 Third-Party Sender Registration Rule – with details; an overview of the 2016 significant changes and how they affect each participant. Included will be the details on the Return thresholds and the Rules Enforcement process surrounding them. The newly implemented rule change on the charges for unauthorized entries, (the ODFI pays the RDFI) and what are the return reason codes to monitor more closely.
AREAS COVERED
• How the 2017 TPS Registration – compliance requirements for the ODFI
• Funds availability requirements for Same Day ACH credits for the last and final phase (Phase 3) of Same Day ACH
• Identify other changes in the regulatory space that affect your payment processing
• Reg CC (Availability of Funds and Collection of Checks) changes that are effective in 2018
• NACHA’s proposed Rule Changes to Same Day ACH
LEARNING OBJECTIVES
• Identify the recent Rules changes (in 2017)
• Describe the elements of recent Rules changes to ensure FI’s and companies are in compliance with these recent changes
• Outline the changes to Reg CC on availability of funds and collection of checks which becomes effective July 1, 2018
• Review proposed changes to Same Day ACH in the future
WHO WILL BENEFIT
• Financial Institution professionals (new/current operations staff)
• Banking Operations managers and staff
• Compliance and Risk professionals
• Treasury Management professionals
• Aspiring and current AAP’s (Accredited ACH Professionals)
• Company / Business Owners (Originators)
• Banking Managers/ Supervisors
• Audit and Compliance Personnel / Risk Managers
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