NEW Rules for Large Originators/TPS and TPSP - Discover the Impacts and Compliance Requirements

According to the NACHA Operating Rules, the ACH return process with current timeframes will remain the way it has been even though we are in the midst of the three-phase implementation of Same Day ACH. With the new Same Day ACH landscape, the additional processing windows can change the way returns are processed (if the RDFI chooses to utilize this feature) to receive faster settlement on the returns without having to pay a Same Day fee. This webinar will offer insight into the new process and provide an overview of legacy ACH and Same Day return process and rules.

Recorded Version

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Recorded Link and Ref. material will be available in My Account Section
Last Recorded Date: Mar-2020

Training CD / USB Drive

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CD/USB and Ref. material will be shipped within 15 business days
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"ACH Returns Processes - Changes Due to Same-Day ACH Environment" - This course is approved by NASBA (National Association of State Boards of Accountancy). Attendees of Live Webinar are eligible for 1.2 CPE credit up on full completion of the course.

Why Should You Attend:

With the change to the NACHA Operating Rules and the addition of additional security framework requirements, you need to be up-to-date on what is expected for the larger Originators and Third Party Service Providers [TPSP] (including Third-Party Senders [TPS]).

As a financial institution, you have Originators, do you know what their ACH volume is in 2019 and/or 2020? This new Rule requires changes to existing security framework for the larger Originator and TPSP/TPS.

This is being implemented over a 2-phase approach, one being effective in June 2020 and the second in June 2021 based on ACH transaction volume.

In addition, Originators and TPSPs covered by the rule would be required to attest compliance to their ODFI (or other counterparty with whom they have their agreement to originate or transmit ACH entries).

Areas Covered in the Webinar:
  • Details on the recently approved amendment affecting the larger Originators and TPSP/TPS
  • Identify ACH volume guidelines for determining whether Originators, TPSP/TPS need to be compliant in phase 1 or phase 2
  • Define the timeline for Phase 1 and 2 for the implementation of the enhanced ACH security framework
  • List examples of what types of electronic storage containing deposit account information are part of this new requirement
  • Provide suggestions on how to meet compliance requirements
Who Will Benefit:
  • Large Originators (Company / Business Owners)
  • Third Party Service Providers (TPSP)
  • Third-Party Senders (TPS)
  • Financial Institution Professionals (New/Current Operations Staff)
  • Banking Operations Managers and Staff
  • Compliance and Risk Professionals
  • Treasury Management Professionals
  • Banking Managers/ Supervisors
  • Audit Personnel
Instructor Profile:
Donna K Olheiser Donna K Olheiser

VP of Education, Dynamic Mastership

Donna founded Dynamic Mastership, LLC in December 2014 in an effort to utilize her 24+ years’ experience in the financial services industry, by sharing her passion for training financial institutions and organizations on the Rules and processes for electronic payments (with her specialty being ACH payments). She holds the Accredited ACH Professional (AAP) designation (achieved in 2004). Donna’s experience before founding Dynamic Mastership, includes 9 years' serving as the Education Service Director at a Regional Payments Association (RPA), where she managed and facilitated the entire Education program for nearly 800 financial institution members. Prior to that, Donna spent 14 years with the Federal Reserve Bank of Minneapolis in various departments, where she started her training career as the Training and Development Specialist in 2003.

Donna is a certified Master Trainer who continually uses her extensive knowledge, experience, enthusiasm and passion for transferring payment processing details, while using the adult learning theory is remarkable! Her training style has helped many payment professionals remain consistently informed of the NEW and ever-changing NACHA Operating Rules and explaining how the Rules apply when performing daily operational tasks including complex return and exception processing. She incorporates scenarios and examples in her detailed training, so the Rules are easy to comprehend and apply to real-life day-to-day ACH processing. Donna's ability to engage the learner through the entire training event helps the adult learner apply what they've learned during and after each training session.

Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. TrainBanking would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-771-6965 (Toll Free).

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