Updates to the NACHA Operating Rules in 2020 and 2021

Nacha Operating Rules apply to every ACH participant, and several amendments took effect in 2020 and 2021, some with dates extended because of COVID-19. This 90-minute Nacha rules webinar reviews those changes and how they affect your operations.

You'll cover the expansion of Same Day ACH and the higher dollar limit for SDA transactions, the new options for returning unauthorized entries using the repurposed Return Reason Code R11, and what RDFIs and ODFIs must do for R10 and R11, including ODFI reporting requirements.

The session also reviews the six ACH Operations Bulletins Nacha issued in 2020, the ACH Contact Registry rule, the extended data security requirements for large Originators and third parties, the WEB debit fraud detection standard, updated funds availability and Nacha's request for comment on Meaningful Modernization.

• Explain the Same Day ACH expansion and higher dollar limit
• Process unauthorized returns correctly using R10 and R11
• Meet ODFI reporting requirements for R11
• Apply the WEB debit fraud detection and data security requirements
• Comply with the ACH Contact Registry rule
• Interpret Nacha Operations Bulletins and extended effective dates

• Amendments expanding Same Day ACH and their effect on financial institutions, including the extended timeframe
• Supplementing the fraud detection standard for internet-initiated (WEB) debits
• Supplementing account information security requirements for large Originators and third parties
• Adding Return Reason Code R11 to define the purpose of unauthorized returns
• The ACH Contact Registry rule
• Nacha's six ACH Operations Bulletins issued in 2020
• The request for comment on Meaningful Modernization

Staying current with rule amendments is part of every ACH participant's compliance obligation. This session explains what each change means for you, whether you are an ODFI, an RDFI, an Originator or a third-party sender or service provider.

It suits financial institution operations staff, third-party processors, originating companies, banking operations managers, compliance, risk and audit staff, treasury management professionals, and current or aspiring AAPs.

• Financial Institution Professionals (New/Current Operations 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

Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ 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 specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 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).