Description
This webinar will review recent changes to the NACHA Operating Rules, and help you avoid rules violations and potential fines.
Background
Every year there are changes to the NACHA Operating Rules that impact the way your financial institution processes the ACH transactions it receives and originates. These changes may have an impact on your 2015 ACH rules compliance audit requirements. Keeping pace with rule amendments equips you to avoid rules violations and potential fines, control your financial institution’s ACH processing risk, meet your account holder’s needs, and satisfy examiner and industry regulator expectations.
Topics to be covered include:
• Reduce Unauthorized Return Rate Threshold – Effective September 15, 2015
• Inquiry process for return rate levels – Effective September 18, 2015
• Reinitiation of Entries “RETRY PYMT” – Effective September 18, 2015
• Third Party Senders Improved Oversight Requirements – Effective January 1, 2015
• NACHA’s Enforcement Authority – January 1, 2015
Benefits
Participate so you can:
• Comply with the rule changes effective January 1st to September 18, 2015
• Benefit from the reduction in return rates for unauthorized debit entries
• Realize reduction in number of transactions that cause exceptions, returns, disputes and customer inquiries
• Better manage reinitiated debit entries
• Increased quality and compliance of Third Party Senders
Who Should Attend
• ACH Officers
• Business Support Services Managers
• Compliance Officers
• Operations Managers
• Operations Associates