[August 10, 2022]

Updates to the NACHA Operating Rule Changes 2022 and Beyond Webinar - ResearchAndMarkets.com

The "Updates to the NACHA Operating Rule Changes 2022 and Beyond!"" webinar has been added to ResearchAndMarkets.com's offering.

Learn about the impacts of the ACH Contact Registration Rule

To remain in compliance with the Rules, participants in the ACH network need to ensure they are up to date on recent changes and newly approved amendments to the Rules.

Discussion on the Operations Bulletins issued by Nacha will outline the updates to different Rules with our current situation and COVID-19. Recent RFC (Request for Comment) and an RFI (Request for Information) on even more possible changes will be discussed. Included will be the most recent amendment that affects all financial institutions using the ACH Network.

This session will also cover the newly approved details and any recent updates by NACHA, plus how these changes affect you as a participant in the ACH network, whether you are an ODFI, an RDFI or a TPS or TPSP. C

hanges such as Data Security requirements (effective date has been extended) and howOriginators are affected by the Fraud Detection Standards for web debits.

In addition, the processing of Unauthorized Returns has changed effective April 1, 2020 for phase 1 (phase 2 goes into effect April 1 of 2021) - As the RDFI, are you prepared for the proper use of R10 and R11 (what to do if you're not ready) and as the ODFI, are you aware of changes to the ODFI Reporting Requirements for R11 and the Unauthorized Entry Fee?

Who Should Attend:

• Financial Institution Professionals (New/Current Operations Staff)
• Third-Party Processors
• Originating Companies
• Banking Operations Managers and Staff
• Compliance and Risk Professionals
• Treasury Management Professionals

Key Topics Covered:

• Define amendments to the Rules on Expanding Same Day ACH and how these changes will affect you as a financial institution, as the RDFI and the ODFI!
• 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 repurposing Return Reason Code R11 to further define the "why" or purpose of return entry
• Includes all details on the six 2020 Operations Bulletins as issued by Nacha since Jan 2020
• Updates on the recently approved changes for Meaningful Modernization "Reversals and Enforcement" and and "Limitations on Warranty Claims". Plus potential changes regarding "Account Information Improvements Through the ACH Network"

For more information about this webinar visit https://www.researchandmarkets.com/r/rqxll3

View source version on businesswire.com: https://www.businesswire.com/news/home/20220810005402/en/

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