In-Depth Exploration into 2016 NACHA Operating Rules
About This Event
In-Depth Exploration into 2016 NACHA Operating Rules
2016 NACHA Operating Rules
Instructor: Donna K Olheiser
Product ID: 501177
Description
As a financial institution sending and receiving electronic ACH payments, compliance with the NACHA Operating Rules is crucial. This session will identify the changes in rules that will happen in 2016 and highlight what considerations need to be addressed as you ensure you have made the changes to your policies and procedures to ensure you are in compliance with the changes in rules. Also addressed will be the rules changes that have been approved and will be effective by 2017 and 2018. Every financial institution that processes ACH payments are responsible for being in compliance with the NACHA Operating rules.
Objectives of the Presentation
Identify how ODFI's will continue monitoring unauthorized return rates - with a reduced threshold
Describe the New Administrative Return threshold and what monitoring means to you as an RDFI and ODFI
Outline how NACHA's Enforcement Authority fits with the Rules Enforcement Process and the National System of Fines
Define format details of the New Re-initiation process - are you in compliance with the changes?
Illustrate when the New Return Reason code (R62) is used by an ODFI to dishonor a return related to an unintended credit
Determine the only circumstances when the RDI can use New Return Reason code (R77) to contest a dishonored return
Why Should you Attend
In this 90-minute session you will understand the details about changes to the Rules that are happening in 2016 and in the near future along with what the changes mean to your institution. These changes affect you whether your financial institution sends ACH transactions, or simply receives them. This is definitely a "must-attend" session in 2016!
Areas Covered
Compliance and operational issues resolved with rules changes effective Jan 1 that clean-up some language and clarify certain pain-points in the rules
Audit requirements for DFI's reporting network administrative fees
ACH network risk topics to include TPS (Third Party Sender) obligations and NACHA's enforcement authority
Unauthorized Return Rate threshold being reduced - the new threshold and what this means to each DFI
Administrative and Overall Return Rate - what the new rates are and how they affect you as the DFI
Re-initiation Process being revised to change format requirements and ODFI's responsibilities
Who can Benefit
Banking Operations managers and staff
Compliance and Risk professionals
Treasury Management professionals
Aspiring and current AAP's (Accredited ACH Professionals)
Banking Managers/ Supervisors
Audit and Compliance Personnel / Risk Managers.
For Registration -
http://www.onlinecompliancepanel.com/webinar/2016-NACHA-OPERATING-RULES-501177/DEC-2015-ES-WORLDCONFERENCE
Note : Use coupon code 1371 and get 10% off on Registration