Updates to the NACHA Operating Rule Changes 2021 and 2022

Every participant in the ACH Network must comply with the Nacha Operating Rules, and the rules change often. This 90-minute Nacha Operating Rules webinar reviews a set of amendments that took effect between 2020 and 2022 and what they mean for ACH operations.

You'll cover the expansion of Same Day ACH, the unauthorized return process with Return Reason Code R11 and the proper use of R10 and R11, ODFI reporting requirements for R11, and the ACH Contact Registry. The session also explains Nacha's ACH Operations Bulletins, including those that extended effective dates during COVID-19.

Other topics include Meaningful Modernization, reversals and enforcement, limitations on warranty claims, the fraud detection standard for WEB debits, account information security requirements for large Originators and third parties, and a proposed amendment on account information improvements through the ACH Network.

• Explain the Same Day ACH expansion and its effect on your institution
• Use Return Reason Codes R10 and R11 correctly for unauthorized returns
• Meet ODFI reporting requirements for R11 returns
• Apply the WEB debit fraud detection and account information security requirements
• Describe the ACH Contact Registry, Meaningful Modernization and reversal rules
• Interpret Nacha Operations Bulletins and how they affected effective dates

• Amendments expanding Same Day ACH and how they affect 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, and using R10 vs R11
• ODFI reporting requirements for R11
• The ACH Contact Registry rule
• Nacha ACH Operations Bulletins issued in 2020
• Meaningful Modernization, reversals and enforcement, and limitations on warranty claims
• The proposed amendment on account information improvements through the ACH Network

ACH participants need to stay current with rule amendments to remain compliant. This session explains how each change affects 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 professionals, treasury management professionals, and current or aspiring Accredited ACH Professionals (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).