Proposed NACHA Operating Rules - Hear the Latest NEWS in the Rules Space

Why Should You Attend:

Earlier this year, NACHA issued a RFC (Request For Comment) and RFI (Request For Information) on expanding Same Day ACH and requested comments and information from the industry on enhancing Same Day ACH processes with proposed Rules changes and an opportunity for the industry to provide information on other ideas/suggestions on expanding the Same Day ACH functionality. Included will be details on a second RFC on ACH Messaging Entries and how these could be utilized in the ACH Network. In addition, there was an additional RFC (Request for Comment) which closed July 20, 2018. These proposed changes could affect the Annual ACH Rules Compliance Audit and Appendix 8; including other related topics on ACH Quality and Risk Management.

Learning Objectives:

• Define the RFC Details (issued earlier this year) on Expanding Same day ACH and how these changes may affect you as a financial institution
• Outline the specifics of suggestions (request for Information) in the future to Same Day ACH where NACHA was requesting feedback from the industry
• Overview of possible changes where FI’s can use the ACH Network for Messaging Entries and how this could benefit the ACH exception processing going forward
• Provide details on the proposed changes to the annual ACH Rules Compliance Audit and Appendix 8, this was the recent open RFC that closed July 20, 2018
• Describe the potential impact on participants in the ACH network with proposed changes to other ACH Risk Management topics

Areas Covered in the Webinar:

• Possible expansion of Same Day ACH – to include raising the entry dollar limit, improving funds availability and adding a third processing window for Same Day ACH (SDA)
• NACHA was requesting feedback on the possibility of adding ACH processing to weekends and Holidays
• Introduction on use of the ACH Network for Messaging Entries and how this would work to streamline the manual processes currently in place
• Proposed changes to the annual ACH Rules Compliance Audit and Appendix 8, and adding guidance to the Guidelines to make the Audit process more simple, this was the recent open RFC that closed July 20, 2018

Who Will Benefit:

1. Financial Institution professionals (new/current operations staff)
2. Banking Operations managers and staff
3. Compliance and Risk professionals
4. Treasury Management professionals
5. Aspiring and current AAP’s (Accredited ACH Professionals)
6. Company / Business Owners (Originators)
7. Banking Managers/ Supervisors
8. Third-Party Service Providers and Third-Party Senders
9. Audit and Compliance Personnel / Risk Managers

Donna K Olheiser
VP of Education, Dynamic Mastership

Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ experience. She has designed and facilitated over 150 training sessions each year with her expertise being the rules for companies and financial institutions when processing electronic (specifically ACH) payments, then scheduling the events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Ms. Olheiser is also an experienced project manager managing education programs for organizations processing electronic payments and developing personalized training programs for financial institutions.

She has over 23 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).

Her 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. Ms. Olheiser’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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