Third Party Senders – Roles & Responsibilities according to the Nacha Operating Rules!

In addition, we will cover the details needed in the agreements and identify the registration requirements for both the TPS and the nested TPS and what that means to the ODFI.

Why Should You Attend:

Recent updates to the Nacha Operating Rules are further clarifying the Roles and Responsibilities, it’s not just the annual ACH Audit and ACH Risk Assessment for Third-Party Senders (TPSs) who use the ACH network anymore.

With the additional update to the Rules with the requirement for TPS to “monitor” all transactions by developing and implementing processing and procedures to reasonably identify potential incidences of fraud.

Plus, the ODFI has registration requirements for TPS and nested TPS; this will be included in this information packed session!

Areas Covered in the Webinar:

Key points surrounding TPS Roles and Responsibilities and what it means to the participants in the ACH Network will be detailed. In this session, the trainer will:

• Identify and define a Third-Party Sender (TPS)
• Define a “nested” Third-Party Sender (TPS) -- includes “how-to” identify
• List details of agreement requirements between which parties and why this is necessary for compliance
• Explain the elements of an ACH Risk Assessment and its purpose for the TPS
• Outline the NEW requirement for TPS and nested TPS to “monitor” all transactions by developing and implementing processing and procedures to reasonably identify potential incidences of fraud
• Review the registration requirements for the ODFI when they utilize TPS and nested TPS relationships

Who Will Benefit:

• TPS (Third-Party Senders) – nested TPS
• Bank operations staff
• New and experienced employees in the payments industry
• Bank managers and payment professionals
• CEO’s and CFO’s
• Risk, Compliance and Audit personnel
• Aspiring AAP’s and current AAP’s for AAP CE Credits

Donna K Olheiser
VP of Education, Dynamic Mastership

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, Donna 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).

Donna's extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Donna's ability to engage the learner through the entire training event helps the adult learner apply what they've learned during and after each training session.

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