2018 NACHA Operating Rules: An Update on Changes Ahead

         Same Day ACH has been one of the largest changes to the ACH network and Phase 3 is the last part being implemented in March of 2018. How does Phase 3 affect a financial institution or even an Originating company when processing ACH payments in a faster settlement environment. In the fall of 2018, Third-Parties Senders were required to comply with a registration process and that period to complete the registration requirement will end in March of 2018. Attend this 2018 NACHA Operating rule webinar for these changes and what they mean to the participants in the ACH network who are responsible for compliance with these Rules!

         2018 NACHA Operating Rules need to be followed by all financial institutions who process ACH transactions. This 2018 NACHA Changes webinar will provide all the details necessary to help them stay in compliance with all the changes coming in 2018! Topics such as the NEWLY adopted 2018 Third-Party Sender Registration Rule – with details; an overview of the 2017 significant Changes and how they affect each participant. Included will be the details on the Return thresholds and the Rules Enforcement process surrounding them. The newly implemented rule change on the charges for unauthorized entries, (the ODFI pays the RDFI) and what are the return reason codes to monitor more closely.

         In addition, a review of the proposed Rules changes by NACHA (Request for Comment) RFC for Same Day ACH in the future.

         To remain in compliance with the 2018 NACHA Rules, the topics covered will include:

• Details of the funds availability requirement for the last and final phase of Same Day ACH (March 2018)
• Responsibility of the ODFI and the TPS Registration process which ends in March of 2018

    Discussion on other regulatory changes, such as the major changes to Regulation CC (Availability of Funds and Collection of Checks) which was amended by the Federal Reserve Bank, Board of Governors on May 31, 2017 and will become effective on July 1, 2018.

This 2018 NACHA Changes session covers:

• 2018 TPS Registration - Compliance requirements for the ODFI
• Funds availability requirements for Same Day ACH credits for the last and final phase of Same Day ACH implementation
• Identify other changes in the regulatory space that affect your payment processing
• Reg CC (Availability of Funds and Collection of Checks) changes that are effective in 2018

This webcast on 2018 NACHA Changes will be of a valuable assistance to the below audience.

• ACH Operations Staff
• Compliance Staff
• ACH Auditors
• ACH managers
• aspiring AAP's (Accredited ACH Professional)
• Banking Staff

• Banking
• Banking Audit Firms
• Third-Party Payment Processors