Posts tagged with "odfi"

Risk and Compliance in an ACH Origination World

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ACH Origination is “Risky” and what can the ODFI (Originating Depository Financial Institution) do to help reduce the risk when it comes to transmitting ACH transactions for their corporate Originators?

This 90-minute payments webinar will cover what is necessary for the Originator and the ODFI when it comes to ACH Origination.  Agreements and the minimum agreement elements to meet compliance requirements will be discussed. Authorization requirements for debit and credit Entries will be included.

Included in the ACH training will be the details on setting exposure limits and the guidelines to ensure the ODFI is meeting their obligations to KYC (Know Your Customer) and ensuring that all proper due diligence is being met when on-boarding or continuing an existing relationship with a corporate (business) customer.

Risks involved with ACH origination will be covered on a high-level outlining what to consider when performing the due diligence for each ACH origination agreement between and ODFI and an Originator.

Attendee Takeaways:

  • Identify the “risks” involved with ACH Origination
  • Define the specifics that must be included in an ACH origination agreement
  • Describe the importance of setting Exposure Limits to remain in compliance with the ACH Rules
  • List the criteria to help in setting Exposure Limits for each Originating customer
  • Demonstrate the importance of KYC and the due diligence that goes with that compliance requirement
  • Provide details on compliance with authorization requirements for the Originator

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally

Date of Event

Tuesday, April 2, 2019

  • 2:00 – 3:30 pm (Eastern Time)
  • 1:00 – 2:30 pm (Central Time)
  • 12:00 – 1:30 pm (Mountain Time)
  • 11:00 – 12:30 pm (Pacific Time)

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker(s)

Donna Olheiser, AAP
VP Education, Dynamic Mastership
Donna Olheiser

About the Speaker

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

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Conducting Your ACH Rules Audit – Process for Building a Compliance Plan

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NACHA Operating Rules and Guidelines require that all participating depository financial institutions, third-party senders and third-party service providers that provide ACH services conduct an annual ACH audit to be performed by December 31 of each year (ACH Rules, Article 1).

With the requirement that each participant conducts an annual ACH audit, this helps ensure that electronic payments work safely and efficiently for all users.

Due to a recently approved amendment to the NACHA Operating Rules, Appendix 8 has been removed from the Rules (Appendix 8 was the “guide” or checklist while completing the annual ACH Audit).

With this change, this session will outline what this Rules change means to your process when conducting your ACH Audit and offer tips and guidance for creating your own personalized ACH Audit (based on what ACH activities you utilize).

This ACH training will cover the following critical areas and deliverables:

  • Outline the changes to the process of the annual ACH Rules Compliance Audit and the removal of Appendix 8 from the Rules Book
  • Define what the General Audit Requirements are (now in Article 1)
  • Discussion on the NACHA Operating Guidelines where the new “guidance” is located for conducting the annual ACH Rules Compliance Audit.
  • Provide a process to examine the ACH products and/or service being offered or utilized by the specific participant – then determine next steps to ensure compliance
  • Provide tips on where to find the Rules pertaining to each ACH function — to help the auditor conducting the annual ACH Audit – to ensure compliance with the NACHA Operating Rules based on usage of ACH
  • Review “best practices” and requirements for additional audit requirements (as defined by NACHA)

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally

Dates of Event

Friday, March 22, 2019

  • 2:00 – 3:30 pm (Eastern Time)
  • 1:00 – 2:30 pm (Central Time)
  • 12:00 – 1:30 am (Mountain Time)
  • 11:00 – 12:30 am (Pacific Time)

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker(s)

Donna Olheiser, AAP
VP Education, Dynamic Mastership
Donna Olheiser

About the Speaker

Donna Olheiser, Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

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Ten most Common SEC (Standard Entry Class) Codes and the Compliance Details You NEED to Know!

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NACHA Rules Changes 2019

Standard Entry Class (SEC) Codes play a BIG part in compliance with the NACHA Operating Rules.  Authorization requirements, formats, timeframes to return, forms needed when returning are all determined by the SEC Code.

This payments webinar will identify what a SEC Code is and it’s importance, plus list the 10 most commonly used SEC Codes, what they do and the details that go with them that need to be followed to ensure all participants (Originator, ODFI and RDFI) are in compliance with the NACHA Operating Rules.

The trainer in this course will identify with real-life scenarios how the 10 different SEC Codes are used to send and receive the different types of payments (also referred to as “products”) in the ACH network.  During these scenarios, the responsibilities and warranties of the different participants will be discussed.

This payments webinar will identify when to do what and why – plus scenarios to help apply the rules and processes discussed throughout the course.

Attendee Takeaways:

  • Identify the 10 most common SEC Codes
  • Define the authorization requirements for each of the 10 SEC Codes
  • Provide format specifics for each of the ACH products (identified by SEC Code)
  • Illustrate through scenarios how the specifics for each SEC Code are applied and the importance of the different format requirements
  • Describe the “notice equals authorization” concept for the check conversion SEC Codes
  • List the important elements for the Originator’s role to remain in compliance with the Rules
  • Outline the details on doing Returns and the specifics based on the SEC Code

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally

Dates of Event

Thursday, February 7, 2019

  • 2:00 – 3:30 pm (Eastern Time)
  • 1:00 – 2:30 pm (Central Time)
  • 12:00 – 1:30 pm (Mountain Time)
  • 11:00 – 12:30 pm (Pacific Time)

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker(s)

Donna Olheiser, AAP
VP Education, Dynamic Mastership
Donna Olheiser

About the Speaker

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

Register Now Pay by Check

ACH Exception Processing 101, 201, 301 (3 Part Webinar Series)

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In this 3-Part ACH Webinar Series, attendees will hear the responsibilities for RDFI accepting ACH entries and the right to return; including general Returns, time-frames and scenarios to demonstrate Rules and details on Extended Returns, time-frames and examples to help identify. It’s not just about the RDFI with Exception processing, so the obligations of the ODFI/Originator when initiating Pre-note Entries

Includes how Pre-notes are affected in Same Day environment and details on Rules compliance if the Pre-note is returned. Included will be the roles and responsibilities of the RDFI when receiving Pre-note Entries.

Stop Payment Rules surrounding time-frames and the difference between a consumer and non-consumer Stop Payment requests. Describing the warranties of the RDFI when sending NOCs (COR Entries) and the ODFI and Originator Responsibilities and Warranties when receiving NOC’s (COR Entries). How returning an Entry as Stop Payment can change in the Same Day environment.

There is a process in the Rules for Reinitiation of entries by the ODFI – details on how this process works in the network will be covered including the Return Reason Codes to be used by the RDFI and ODFI when using the Reinitiation process in the ACH Network.

Details on Reversal Entries regarding the Rules and details on how each participant (ODFI & RDFI) are affected.

As an EXTRA Bonus – Throughout the entire series, how does Same Day ACH affect all these processes, especially returns – faster settlement without paying the same day fee

ACH Exceptions 101

Returns and Notifications of Change – RDFI

Tuesday, October 30, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

An RDFI must accept all types of entries with the right of return.  What does that mean?  As an RDFI there are specific requirements and warranties when you initiate (or transmit) Return Entries.  Extended Return timeframes and when do you need to use a WSUD.  Also included are Stop Payment Rules for consumer payments vs corporate payments.  Notifications of Change are optional for the RDFI – BUT, if they do them – what are the warranties that go with the COR Entries?  Included in session 1, will be the following:

  • Timeframes for returning ACH Entries (general and extended returns)
  • Stop Payments-Consumer vs Non-Consumer and Single vs Recurring
  • Warranty details of the RDFI for Extended Return Entries
  • Timeframes for Contested Dishonored Returns
  • Notification of Change warranties for the RDFI
  • Notification of Change Timeframes and details when sending

ACH Exceptions 201

Pre-notes, Notifications of Change & Returns – ODFI

Wednesday, October 31, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

For an ODFI/Originator, Pre-notes are optional – BUT, if they do them, what are the responsibilities, obligations and warranties?  How does Same Day affect Pre-notes? It is vital to know the banking day delay has been reduced which adds more responsibility to both the Originator and ODFI for Pre-note Entries.   Responsibilities when the ODFI receives a COR entry (NOC), time-frames and who is ultimately responsible for that change being made is covered.  In this session, you will receive details on:

  • Recent Rule change that reduced the amount of time between a prenote and a live entry
  • How the Rule change on Pre-notes affects the ODFI (and the RDFI) – with a calendar to make it clear – PLUS Same Day + Pre-notes
  • Dishonored Returns can be transmitted by the ODFI and scenarios that describe in what circumstances
  • ODFI responsibilities when they receive the COR (NOC) Entry
  • Originator responsibilities relating to a COR (NOC) Entry – it’s the Originator who NEEDS to make the change!
  • Details on NOC’s and Single Entry ACH Entries
  • ODFI obligations when receiving a contested dishonored return

ACH Exceptions 301

Reinitiation and Reversals – NEW Rules

Thursday, November 1, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

Topics covered on the Reinitiation of Entries by the Originator/ODFI, including a detailed change in the format of these types of Entries.  The Reversal Process, aka as the “Dishonored Returns and Contested Dishonored Returns Related to an Unintended Credit to a Receiver” has different compliance requirements for both the ODFI and the RDFI.  Format changes for Reinitiated Entries for the ODFI and “recently added” Return Reason Codes to both these processes – that YOU need to know!  This session will provide details on:

  • Format change details for the ODFI/Originator for Reinitiation of Entries
  • Details on what is considered a valid Reinitiation – includes scenarios to further define…
  • RDFI guidelines on what to do if a Reinitiation is in violation of the recent Rule change
  • Reversal processes defined for both the ODFI and RDFI – scenarios to illustrate what this means…
  • Details on the Dishonored Return Reason Code R62 – Return of Erroneous or Reversing Debit and when this is used by the ODFI to help with the processing of a Reversing Entry
  • Details on the Contested Dishonored Return Reason Code R77 – Non-Acceptance of R62 Dishonored Return can be used
  • Identifying how reinitiation works with a scenario to help illustrate the meaning of the Rule

Pricing

$549 for all 3 sessions plus unlimited playbacks*
$249 for individual session plus unlimited playback*
Register for Session 1 ONLY
Register for Session 2 ONLY
Register for Session 3 ONLY

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker(s)

Donna Olheiser, AAP
VP Education, Dynamic Mastership

Donna Olheiser

About the Speaker

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

Register Now Pay by Check

ACH Exception Processing 101, 201, 301 (3 Part Webinar Series)

Register Now

In this 3-Part ACH Webinar Series, attendees will hear the responsibilities for RDFI accepting ACH entries and the right to return; including general Returns, time-frames and scenarios to demonstrate Rules and details on Extended Returns, time-frames and examples to help identify. It’s not just about the RDFI with Exception processing, so the obligations of the ODFI/Originator when initiating Pre-note Entries

Includes how Pre-notes are affected in Same Day environment and details on Rules compliance if the Pre-note is returned. Included will be the roles and responsibilities of the RDFI when receiving Pre-note Entries.

Stop Payment Rules surrounding time-frames and the difference between a consumer and non-consumer Stop Payment requests. Describing the warranties of the RDFI when sending NOCs (COR Entries) and the ODFI and Originator Responsibilities and Warranties when receiving NOC’s (COR Entries). How returning an Entry as Stop Payment can change in the Same Day environment.

There is a process in the Rules for Reinitiation of entries by the ODFI – details on how this process works in the network will be covered including the Return Reason Codes to be used by the RDFI and ODFI when using the Reinitiation process in the ACH Network.

Details on Reversal Entries regarding the Rules and details on how each participant (ODFI & RDFI) are affected.

As an EXTRA Bonus – Throughout the entire series, how does Same Day ACH affect all these processes, especially returns – faster settlement without paying the same day fee

ACH Exceptions 101

Returns and Notifications of Change – RDFI

Tuesday, October 30, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

An RDFI must accept all types of entries with the right of return.  What does that mean?  As an RDFI there are specific requirements and warranties when you initiate (or transmit) Return Entries.  Extended Return timeframes and when do you need to use a WSUD.  Also included are Stop Payment Rules for consumer payments vs corporate payments.  Notifications of Change are optional for the RDFI – BUT, if they do them – what are the warranties that go with the COR Entries?  Included in session 1, will be the following:

  • Timeframes for returning ACH Entries (general and extended returns)
  • Stop Payments-Consumer vs Non-Consumer and Single vs Recurring
  • Warranty details of the RDFI for Extended Return Entries
  • Timeframes for Contested Dishonored Returns
  • Notification of Change warranties for the RDFI
  • Notification of Change Timeframes and details when sending

ACH Exceptions 201

Pre-notes, Notifications of Change & Returns – ODFI

Wednesday, October 31, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

For an ODFI/Originator, Pre-notes are optional – BUT, if they do them, what are the responsibilities, obligations and warranties?  How does Same Day affect Pre-notes? It is vital to know the banking day delay has been reduced which adds more responsibility to both the Originator and ODFI for Pre-note Entries.   Responsibilities when the ODFI receives a COR entry (NOC), time-frames and who is ultimately responsible for that change being made is covered.  In this session, you will receive details on:

  • Recent Rule change that reduced the amount of time between a prenote and a live entry
  • How the Rule change on Pre-notes affects the ODFI (and the RDFI) – with a calendar to make it clear – PLUS Same Day + Pre-notes
  • Dishonored Returns can be transmitted by the ODFI and scenarios that describe in what circumstances
  • ODFI responsibilities when they receive the COR (NOC) Entry
  • Originator responsibilities relating to a COR (NOC) Entry – it’s the Originator who NEEDS to make the change!
  • Details on NOC’s and Single Entry ACH Entries
  • ODFI obligations when receiving a contested dishonored return

ACH Exceptions 301

Reinitiation and Reversals – NEW Rules

Thursday, November 1, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

Topics covered on the Reinitiation of Entries by the Originator/ODFI, including a detailed change in the format of these types of Entries.  The Reversal Process, aka as the “Dishonored Returns and Contested Dishonored Returns Related to an Unintended Credit to a Receiver” has different compliance requirements for both the ODFI and the RDFI.  Format changes for Reinitiated Entries for the ODFI and “recently added” Return Reason Codes to both these processes – that YOU need to know!  This session will provide details on:

  • Format change details for the ODFI/Originator for Reinitiation of Entries
  • Details on what is considered a valid Reinitiation – includes scenarios to further define…
  • RDFI guidelines on what to do if a Reinitiation is in violation of the recent Rule change
  • Reversal processes defined for both the ODFI and RDFI – scenarios to illustrate what this means…
  • Details on the Dishonored Return Reason Code R62 – Return of Erroneous or Reversing Debit and when this is used by the ODFI to help with the processing of a Reversing Entry
  • Details on the Contested Dishonored Return Reason Code R77 – Non-Acceptance of R62 Dishonored Return can be used
  • Identifying how reinitiation works with a scenario to help illustrate the meaning of the Rule

Pricing

$549 for all 3 sessions plus unlimited playbacks*
$249 for individual session plus unlimited playback*
Register for Session 1 ONLY
Register for Session 2 ONLY
Register for Session 3 ONLY

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker(s)

Donna Olheiser, AAP
VP Education, Dynamic Mastership

Donna Olheiser

About the Speaker

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

Register Now Pay by Check

ACH Exception Processing 101, 201, 301 (3 Part Webinar Series)

Register Now

In this 3-Part ACH Webinar Series, attendees will hear the responsibilities for RDFI accepting ACH entries and the right to return; including general Returns, time-frames and scenarios to demonstrate Rules and details on Extended Returns, time-frames and examples to help identify. It’s not just about the RDFI with Exception processing, so the obligations of the ODFI/Originator when initiating Pre-note Entries

Includes how Pre-notes are affected in Same Day environment and details on Rules compliance if the Pre-note is returned. Included will be the roles and responsibilities of the RDFI when receiving Pre-note Entries.

Stop Payment Rules surrounding time-frames and the difference between a consumer and non-consumer Stop Payment requests. Describing the warranties of the RDFI when sending NOCs (COR Entries) and the ODFI and Originator Responsibilities and Warranties when receiving NOC’s (COR Entries). How returning an Entry as Stop Payment can change in the Same Day environment.

There is a process in the Rules for Reinitiation of entries by the ODFI – details on how this process works in the network will be covered including the Return Reason Codes to be used by the RDFI and ODFI when using the Reinitiation process in the ACH Network.

Details on Reversal Entries regarding the Rules and details on how each participant (ODFI & RDFI) are affected.

As an EXTRA Bonus – Throughout the entire series, how does Same Day ACH affect all these processes, especially returns – faster settlement without paying the same day fee

ACH Exceptions 101

Returns and Notifications of Change – RDFI

Tuesday, October 30, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

An RDFI must accept all types of entries with the right of return.  What does that mean?  As an RDFI there are specific requirements and warranties when you initiate (or transmit) Return Entries.  Extended Return timeframes and when do you need to use a WSUD.  Also included are Stop Payment Rules for consumer payments vs corporate payments.  Notifications of Change are optional for the RDFI – BUT, if they do them – what are the warranties that go with the COR Entries?  Included in session 1, will be the following:

  • Timeframes for returning ACH Entries (general and extended returns)
  • Stop Payments-Consumer vs Non-Consumer and Single vs Recurring
  • Warranty details of the RDFI for Extended Return Entries
  • Timeframes for Contested Dishonored Returns
  • Notification of Change warranties for the RDFI
  • Notification of Change Timeframes and details when sending

ACH Exceptions 201

Pre-notes, Notifications of Change & Returns – ODFI

Wednesday, October 31, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

For an ODFI/Originator, Pre-notes are optional – BUT, if they do them, what are the responsibilities, obligations and warranties?  How does Same Day affect Pre-notes? It is vital to know the banking day delay has been reduced which adds more responsibility to both the Originator and ODFI for Pre-note Entries.   Responsibilities when the ODFI receives a COR entry (NOC), time-frames and who is ultimately responsible for that change being made is covered.  In this session, you will receive details on:

  • Recent Rule change that reduced the amount of time between a prenote and a live entry
  • How the Rule change on Pre-notes affects the ODFI (and the RDFI) – with a calendar to make it clear – PLUS Same Day + Pre-notes
  • Dishonored Returns can be transmitted by the ODFI and scenarios that describe in what circumstances
  • ODFI responsibilities when they receive the COR (NOC) Entry
  • Originator responsibilities relating to a COR (NOC) Entry – it’s the Originator who NEEDS to make the change!
  • Details on NOC’s and Single Entry ACH Entries
  • ODFI obligations when receiving a contested dishonored return

ACH Exceptions 301

Reinitiation and Reversals – NEW Rules

Thursday, November 1, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

Topics covered on the Reinitiation of Entries by the Originator/ODFI, including a detailed change in the format of these types of Entries.  The Reversal Process, aka as the “Dishonored Returns and Contested Dishonored Returns Related to an Unintended Credit to a Receiver” has different compliance requirements for both the ODFI and the RDFI.  Format changes for Reinitiated Entries for the ODFI and “recently added” Return Reason Codes to both these processes – that YOU need to know!  This session will provide details on:

  • Format change details for the ODFI/Originator for Reinitiation of Entries
  • Details on what is considered a valid Reinitiation – includes scenarios to further define…
  • RDFI guidelines on what to do if a Reinitiation is in violation of the recent Rule change
  • Reversal processes defined for both the ODFI and RDFI – scenarios to illustrate what this means…
  • Details on the Dishonored Return Reason Code R62 – Return of Erroneous or Reversing Debit and when this is used by the ODFI to help with the processing of a Reversing Entry
  • Details on the Contested Dishonored Return Reason Code R77 – Non-Acceptance of R62 Dishonored Return can be used
  • Identifying how reinitiation works with a scenario to help illustrate the meaning of the Rule

Pricing

$549 for all 3 sessions plus unlimited playbacks*
$249 for individual session plus unlimited playback*
Register for Session 1 ONLY
Register for Session 2 ONLY
Register for Session 3 ONLY

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker(s)

Donna Olheiser, AAP
VP Education, Dynamic Mastership

Donna Olheiser

About the Speaker

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

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Fundamentals of ACH Annual Audit

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The NACHA Operating Rules and Guidelines require that all participating depository financial institutions, third-party senders and third-party service providers that provide ACH services conduct an annual ACH audit to be performed by December 31 of each year (ACH Rules, Appendix Eight). By each participant performing the annual ACH audit, this helps ensure that electronic payments work safely and efficiently for all users. Every financial institution, Third-Party Service Provider and Third-Party Sender that provide any function within the ACH Network is required to complete the annual ACH Audit for Rules Compliance.

This payments webinar will outline the Audit process according to Appendix 8 in the NACHA Operating Rules and what elements of your ACH program need to be checked and verified to ensure compliance with these Rules. This session will cover the General Audit Requirements along with the specifics for the RDFI and ODFI processes and what types of questions to ask and things to look for when completing your annual ACH Rules Compliance Audit.

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally

Dates of Event

Thursday, October 11, 2018

  • 12:00 – 1:30 pm (Eastern Time)
  • 11:00 – 12:30 pm (Central Time)
  • 10:00 – 11:30 am (Mountain Time)
  • 9:00 – 10:30 am (Pacific Time)

Credits

  • 1.8 AAP Credits
  • 1.5 CPE Credits

Your Speaker

Donna Olheiser AAP
Founder/VP Education, Dynamic Mastership

Donna Olheiser

 

Register Now Pay by Check

Same Day ACH – Mistakes, Challenges and Compliance Review (2-Part Series)

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While many banks and credit unions may feel as though they have gotten past the major rollout phase of Same Day ACH, it’s important to take notice that many institutions may have overlooked compliance and procedural implications associated with recent regulations like Reg CC Funds Availability and others.

The implications and impacts from Same Day ACH are complicated and Electronic Banking Professionals, Auditors, Regulations Officers, Business Bankers and even Payments Consultants need to review many of the common and overlooked aspects of this complex change.

Join Donna Olheiser AAP in this 2-part ACH Payments Webinar Series as she goes through many of the common mistakes, misunderstandings, and compliance challenges associated with Same Day ACH.

Sign up for either part, or register for BOTH webinars and Save $$!

PART 1

Same Day ACH – 7 Common Mistakes You May Have Overlooked

Wednesday, June 6, 2018

  • 12:00 – 1:00 pm ET
  • 11:00 – 12:00 pm CT
  • 10:00 – 11:00 am MT
  • 9:00 – 10:00 am PT

Same Day ACH and Faster Payments has changed so many things.  Have you made adjustments accordingly to ensure you are in compliance?  There are credit funds availability rules and changes with Same Day payments and with legacy ACH payments, there are Same Day Debits and considerations when processing inbound Same Day Debits, plus how about ACH Return processing.  When examining the Origination side of ACH, have you looked at the authorization language for the Same Day debits being processed and sent for settlement on the Same Day?

This payments webinar will help identify the “little things”, seven or more elements that may have been overlooked with the implementation of Same Day credits and debits, and the change in funds availability.

  • Identify and outline how the Funds Availability processes have changed thus far
  • List the key elements to look for in authorization language – helpful when originating debit Entries
  • Outline what steps may be missing from your checklist when processing received Same Day ACH transactions
  • Define the responsibility of the ODFI on education for the Originator and the importance of the Effective Entry Date
  • Describe at least seven things in detail that may have been missed when implementing Same Day ACH
  • Suggestions on where to make changes to ensure you are including every aspect of the Same Day environment

PART 2

Same Day ACH – Considerations for Regulations and Compliance   

Wednesday, June 6, 2018

  • 2:00 – 3:00 pm ET
  • 1:00 – 2:00 pm CT
  • 12:00 – 1:00 pm MT
  • 11:00 – 12:00 pm PT

Faster Payments mean things are changing and as a result, we need to change our procedures.  This session will help identify what elements of our ACH operations and processes are changing.  As an ODFI, if you do in-house Origination – have you examined your authorization language to ensure it reflects Same Day debits and the impact on Consumer accounts?

Funds Availability for Same Day ACH credits is changing effective March 2018 – As the RDFI, have you updated your procedures to reflect this change and remain in compliance with the NACHA Operating Rules?

Returns being done in the Same Day environment can receive “faster settlement” – is this something the RDFI is considering – this session will offer suggestions on how this “could” change your procedures.

  • Outline Funds Availability processes change
  • Describe the elements to verify any authorization language being used – to coincide with Faster Payments (debit Entries)
  • Define how the Same Day ACH environment can change the Return process for the RDFI – with faster settlement
  • List suggestions to procedures that include new windows for faster settlement with Returns
  • VALUE-ADD – Suggested Procedure changes – including authorization language for in-house Origination

Pricing

$395 for all BOTH sessions plus playbacks*
$249 for individual sessions plus playback*

*Playbacks do NOT expire and may be shared internally

Register for Session 1 ONLY
Register for Session 2 ONLY

Credits per Session

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker

Donna Olheiser AAP
Founder/VP Education, Dynamic Mastership

Donna Olheiser

About the Speaker

Donna, the Vice President of Education Services for Dynamic Mastership, is a Certified Master Trainer and an experienced Project Manager, with over 14 years’ experience managing education programs for organizations processing electronic payments and financial institutions operations areas. Prior to founding Dynamic Mastership 3 years ago, Donna served as the Education Services Director for UMACHA for 9 years. Donna began her career serving as Training and Development Specialist for the Federal Reserve Bank, Minneapolis.

 

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ACH Exception Processing for ODFI/RDFI: Regulatory, Network, and Costs of Non-Compliance

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This session will take attendees through network and regulatory expectations for handling the top 5 origination and receiving exception item handling. Both the ODFI and RDFI sections of this webinar will cover how to identify, respond, manage and report these exception processes effectively and practically to comply with network and regulatory expectations and to also reduce the costs associated with exception item processing.

Highlights

  • Network Rules Requirements for ODFI Exception Item Handling
  • Network Rules Requirements for RDFI Exception Item Handling
  • Breakdown of top 5 ODFI and top 5 RDFI Exceptions
  • Best Business Practices for Handling Exception Items
  • Reducing Exception Items and the Costs Associated with Processing

Who Should Attend?

  • Electronic Banking Managers and Staff
  • Deposit Operations Managers and Staff
  • Compliance Managers and Staff
  • Risk Management
  • BSA Officers and Staff
  • Treasury Staff
  • Account Officers
  • Relationship Managers
  • Enterprise Risk Management

Pricing

$249 for Webinar and Playback*
*Playback has no expiration and may be shared internally. Event recorded previously.

Dates of Event

Monday, February 5, 2018

  • 2:00 – 3:00 pm (Eastern Time)
  • 1:00 – 2:00 pm (Central Time)
  • 12:00 – 1:00 pm (Mountain Time)
  • 11:00 – 12:00 pm (Pacific Time)

Credits

  • 1.2 AAP Credits
  • 1.0 CPE Credits

Your Speaker(s)

Terri Sands AAP

Founder, Secura Risk Management

Terri Sands

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ACH Exception Process Handling (3-Part Webinar Bootcamp)

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In this 3-Part ACH Webinar Bootcamp Series, attendees will hear the responsibilities for RDFI accepting ACH entries and the right to return; including general Returns, time-frames and scenarios to demonstrate Rules and details on Extended Returns, time-frames and examples to help identify. It’s not just about the RDFI with Exception processing, so the obligations of the ODFI/Originator when initiating Pre-note Entries

Includes how Pre-notes are affected in Same Day environment and details on Rules compliance if the Pre-note is returned. Included will be the roles and responsibilities of the RDFI when receiving Pre-note Entries.

Stop Payment Rules surrounding time-frames and the difference between a consumer and non-consumer Stop Payment requests. Describing the warranties of the RDFI when sending NOCs (COR Entries) and the ODFI and Originator Responsibilities and Warranties when receiving NOC’s (COR Entries). How returning an Entry as Stop Payment can change in the Same Day environment.

There is a process in the Rules for Reinitiation of entries by the ODFI – details on how this process works in the network will be covered including the Return Reason Codes to be used by the RDFI and ODFI when using the Reinitiation process in the ACH Network.

Details on Reversal Entries regarding the Rules and details on how each participant (ODFI & RDFI) are affected.

As an EXTRA Bonus – Throughout the entire series, how does Same Day ACH affect all these processes, especially returns – faster settlement without paying the same day fee

PART 1

Returns and Notifications of Change – RDFI

Wednesday, January 24, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

An RDFI must accept all types of entries with the right of return.  What does that mean?  As an RDFI there are specific requirements and warranties when you initiate (or transmit) Return Entries.  Extended Return timeframes and when do you need to use a WSUD.  Also included are Stop Payment Rules for consumer payments vs corporate payments.  Notifications of Change are optional for the RDFI – BUT, if they do them – what are the warranties that go with the COR Entries?  Included in session 1, will be the following:

  • Timeframes for returning ACH Entries (general and extended returns)
  • Stop Payments-Consumer vs Non-Consumer and Single vs Recurring
  • Warranty details of the RDFI for Extended Return Entries
  • Timeframes for Contested Dishonored Returns
  • Notification of Change warranties for the RDFI
  • Notification of Change Timeframes and details when sending

PART 2

Pre-notes, Notifications of Change & Returns – ODFI

Thursday, January 25, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

For an ODFI/Originator, Pre-notes are optional – BUT, if they do them, what are the responsibilities, obligations and warranties?  How does Same Day affect Pre-notes? It is vital to know the banking day delay has been reduced which adds more responsibility to both the Originator and ODFI for Pre-note Entries.   Responsibilities when the ODFI receives a COR entry (NOC), time-frames and who is ultimately responsible for that change being made is covered.  In this session, you will receive details on:

  • Recent Rule change that reduced the amount of time between a prenote and a live entry
  • How the Rule change on Pre-notes affects the ODFI (and the RDFI) – with a calendar to make it clear – PLUS Same Day + Pre-notes
  • Dishonored Returns can be transmitted by the ODFI and scenarios that describe in what circumstances
  • ODFI responsibilities when they receive the COR (NOC) Entry
  • Originator responsibilities relating to a COR (NOC) Entry – it’s the Originator who NEEDS to make the change!
  • Details on NOC’s and Single Entry ACH Entries
  • ODFI obligations when receiving a contested dishonored return

PART 3

Reinitiation and Reversals – NEW Rules

Friday, January 26, 2018

  • 12:00 – 1:30 pm ET
  • 11:00 – 12:30 pm CT
  • 10:00 – 11:30 pm MT
  • 9:00 – 10:30 pm PT

Topics covered on the Reinitiation of Entries by the Originator/ODFI, including a detailed change in the format of these types of Entries.  The Reversal Process, aka as the “Dishonored Returns and Contested Dishonored Returns Related to an Unintended Credit to a Receiver” has different compliance requirements for both the ODFI and the RDFI.  Format changes for Reinitiated Entries for the ODFI and “recently added” Return Reason Codes to both these processes – that YOU need to know!  This session will provide details on:

  • Format change details for the ODFI/Originator for Reinitiation of Entries
  • Details on what is considered a valid Reinitiation – includes scenarios to further define…
  • RDFI guidelines on what to do if a Reinitiation is in violation of the recent Rule change
  • Reversal processes defined for both the ODFI and RDFI – scenarios to illustrate what this means…
  • Details on the Dishonored Return Reason Code R62 – Return of Erroneous or Reversing Debit and when this is used by the ODFI to help with the processing of a Reversing Entry
  • Details on the Contested Dishonored Return Reason Code R77 – Non-Acceptance of R62 Dishonored Return can be used
  • Identifying how reinitiation works with a scenario to help illustrate the meaning of the Rule

Pricing

$549 for all 3 sessions plus playbacks*
$249 for individual sessions plus playback*
Register for Session 1 ONLY
Register for Session 2 ONLY
Register for Session 3 ONLY

Credits

  • 5.4 AAP Credits
  • 4.5 CPE Credits

Your Speaker

Donna Olheiser AAP
Founder, VP Education – Dynamic Mastership

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