Live Webinar: NEW NACHA Operating Rules Changes for 2021 and 2022 When: Thursday May 27, 2021 - 01:00 PM Duration: 90 Minutes.
The NACHA Operating Rules are always changing, updates have recently been made and continue to be in place due to the current COVID-19 situation! There are six ACH Operations Bulletins posted by Nacha in 2020; four of them explain the updates to the Rules due to changes in financial institutions and extensions of effective dates in light of the current situation; and confirming some Rules changes with current effective dates remaining.
Areas Covered in the Webinar:
Describe the potential impact on participants in the ACH network with approved changes to other ACH Risk Management topics such as:
1 . Supplementing the fraud detection the standard for Internet-initiated (WEB) debits
2 . 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 repurposing Return Reason Code R11 to further define the “why” or purpose of return entry.
Contact Person: SAM