Learn what a Third-Party Sender (TPS) is and how this impacts you. Take this training to understand how to determine if you have a Third-Party Sender relationship, the initial, basic registration information to submit to NACHA and the additional registration requirements if requested.
The registration process will promote consistent customer due diligence among all ODFIs, and serve as a tool to support NACHA’s continuing efforts to maintain ACH Network quality.
In order to understand the impact this will make on the different participants (specifically Third Parties) - we need to identify the “Third-Party Sender” - extremely detailed examples will be used to help with this identification (due diligence) process.
Why Should You Attend:
A NEW Rule was recently approved and will require Originating Depository Financial Institutions (ODFIs) to identify and register their Third-Party Sender customers with NACHA. This Rule becomes effective September 29, 2017.The registration process will promote consistent customer due diligence among all ODFIs, and serve as a tool to support NACHA’s continuing efforts to maintain ACH Network quality.
In order to understand the impact this will make on the different participants (specifically Third Parties) - we need to identify the “Third-Party Sender” - extremely detailed examples will be used to help with this identification (due diligence) process.
Areas Covered in the Webinar:
- Defining what a Third-Party Sender is and how this impacts the ODFI
- How to determine if You have a Third-Party Sender Relationship
- Information to have ready about your Third-Party Sender by Sept 2017
- Tips for the ODFI to determine if they have a “nested” TPS
- Timing for the ODFI to be in compliance with new Registration Rule
- Process for the ODFI if they “do NOT” have a Third-Party Sender Relationship
Learning Objectives:
- Identify ways in which the ODFI can perform due diligence to determine “if” they have a Third-Party Sender relationship
- Outline details on how to determine if there is a “nested” Third-Party Sender
- Provide the implementation period, provided by NACHA to submit initial registration information, or to provide statements that the ODFIs have no Third-Party Sender customers
- Outline timeframe that ODFIs will have to register their Third-Party Sender customers
- Define the requirements for the ODFI to provide a limited set of initial, basic registration information for each Third-Party Sender
- Describe additional registration requirements upon NACHA’s request
Who Will Benefit:
Financial Institutions, ACH Operations Departments, Audit Departments (within financial institutions), Third-Party ACH Processers. Target personnel include:- ACH Operations staff
- Third-Party Payment Processors
- Third-Party Senders
- ACH Managers
- Electronic Payments Professionals
- AAP’s - keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
- Anyone who wishes to enhance their knowledge of the new rulesCompany/Business Owners (Originators)
- Banking Managers/Supervisors
- Third-Party Service Providers
- Audit and Compliance Personnel/Risk Managers
Course Provider
Donna K Olheiser,
