This compliance training will focus on the 2015 ACH rule changes and updates. The chief emphasis will be on the nine recently passed ballots to keep attendees updated with the new rules and avoid violations and penalties.
2015 will be a year unlike any other in the ACH network. Nine recently passed ballots will change the way return rates are measured and implement fees for those returns. Third party issues are also a key concern in the rule changes for 2015. This session will help avoid unnecessary rules violations, customer dissatisfaction and financial losses due to non-compliance with the ACH rules. The course will take a look at all the NACHA Operating Rules changes and updates including the nine recently passed ballots.
Establishing an inquiry process to evaluate and research outlier cases in which an originator’s administrative returns exceed 3%
Establishing an inquiry process to evaluate and research outlier cases in which an originator’s overall returns exceed 15%
Why Should You Attend:
With the increasing movement toward an electronic, interconnected and mobile infrastructure, it’s critical that electronic payments work safely and efficiently for all users. The ACH network enables just that. By using batch processing and a store-and-forward system, it moves almost $39 trillion and 22 billion electronic financial transactions each year. For more than 40 years, NACHA has been the trustee of the ACH network, employing a collaborative, self-regulatory model to facilitate the expansion and diversification of electronic payments on the ACH network.2015 will be a year unlike any other in the ACH network. Nine recently passed ballots will change the way return rates are measured and implement fees for those returns. Third party issues are also a key concern in the rule changes for 2015. This session will help avoid unnecessary rules violations, customer dissatisfaction and financial losses due to non-compliance with the ACH rules. The course will take a look at all the NACHA Operating Rules changes and updates including the nine recently passed ballots.
Areas Covered in the Webinar:
Reducing the existing return rate threshold for unauthorized debits from 1.0% to 0.5%Establishing an inquiry process to evaluate and research outlier cases in which an originator’s administrative returns exceed 3%
Establishing an inquiry process to evaluate and research outlier cases in which an originator’s overall returns exceed 15%
- Defining and establishing a methodology for a fee paid by the ODFI to the RDFI for returns for unauthorized debits
- Defining and establishing new standards for reinitiated entries
- Clarifying third party sender issues
- Dishonored/contested reversal changes
- Notification of change time period change
Who Will Benefit:
- Professionals from financial institutions
- Risk/compliance officers
- Operations personnel and managers
- Treasury management
- Accredited ACH professionals
- Third party service providers
- Payroll processors
- Homeowners' associations/property management professionals
Course Provider
Luann Kohlmann,
