This session will provide the for changes to the Same Day ACH (SDA) environment (effective March 2021), the Unauthorized Return process with a new Return Reason Code R11 and the ACH Contact Registry (both effective right now in 2020 – NEW!!! and more! Details on the new proposed amendment to the Nacha Operating Rules regarding Account Information Improvements Through the ACH Network, with a proposed effective date of March 18, 2022. PLUS, Limitation on Warranty Claims, the Reversal Process and Rules Enforcement changes surrounding reversals, and Meaningful Modernization to enhance the ACH Network to keep up with changes in the payments landscape (all effective in 2021). Areas Covered in the Webinar: Define amendments to the Rules on Expanding Same Day ACH and how these changes will affect you as a financial institution, including the recent extension on expanding SDA timeframe Describe the potential impact on participants in the ACH network with approved changes to other ACH Risk Management topics such as: Supplementing the fraud detection standard for Internet-initiated (WEB) debits Supplementing the existing account information security requirements for large Originators and Third-Parties (effective date has been extended) Details on the most recent change to specifying the details of an unauthorized return by adding R11 to further define the “why” or purpose of return entry Will include details on the six 2020 Operations Bulletins as issued by NACHA since Jan 2020 Who Will Benefit: Financial Institution Professionals (New/Current Operations Staff) Third-Party Processors Originating Companies Banking Operations Managers and Staff Compliance and Risk Professionals Treasury Management Professionals Aspiring and Current AAPs (Accredited ACH Professionals) Attend Live Webinar Apr 7, 2021 - 12:00 PM EDT Duration: 90 Minutes Visit website for register webinar
