New NACHA Operating Rules Changes 2020 and Beyond!

Gina J. Lowdermilk

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$349


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This webinar will provide all the details on the most recent and upcoming NACHA Operating Rules changes that affect you as a participant in the ACH network, whether you are an ODFI, an RDFI or a TPS (Third-Party Sender) or TPSP (or Third Party Service Provider). Multiple Rules Changes, NACHA Operations Bulletins, Supplements to the Rules along with examples and explanations of what they each mean to you as a participant will be discussed.

Why Should You Attend:

As a participant in the ACH Network (ODFI, RDFI, TPSP and TPS) you need to ensure you are in compliance with the NACHA Operating Rules while processing ACH transactions. This webinar will include all the intricate details and what they mean to you, to help you make changes and continue to remain inn compliance with these Rules.

Included will be topics such as (1) Enhancements to SDA (Same Day ACH) Functionality; (2) Improving Funds Availability for ALL ACH transactions. (3) A makeover of the Annual ACH Rules Compliance Audit; (4) Enhancing ACH Quality by allowing an RDFI more options and flexibility when doing ACH Returns by adding functionality of R11 and R17 Return Reason Codes; (5) Continuing to improve the Quality of the ACH Network by supplementing the already existing requirements for Originators when doing WEB Debit Origination; and (6) Improving Risk Management abilities by adding to the ACH Security Framework by requiring larger Originators, TPSP and TPS to further protect deposit account info from potential data breaches.

In addition, an outline of any pending RFC (Request for Comment), Industry updates, or other possible NACHA Rules Changes in the foreseeable future.

Areas Covered in the Webinar:

Define the new and recently approved (or changed) amendments to the Rules on Expanding Same Day ACH (SDA) and how these changes will affect you as a financial institution or participant in the ACH Network

Expand on the Changes to the Annual ACH Rules Compliance Audit and what that means to you!

Describe the potential impact and change to procedures that participants in the ACH network will experience based on the approved changes to other ACH Quality and Risk Management topics such as:

  1. Supplementing the fraud detection standard for Internet-initiated (WEB) debits
  2. Allowing RDFIs to indicate within a return that the original transaction was questionable or part of anomalous activity
  3. Redefining a Return Reason Code to assist in the Return of Unauthorized Entries to further differentiate the details of “why” the Return is being sent by the RDFI
  4. Enhancing the existing ACH information security requirements for large Originators and Third Parties

Plus, other “upcoming and pending” NACHA Rules changes and how this can change the way you process ACH transactions in the future

Who Will Benefit:

  • ACH operations staff
  • Compliance staff
  • ACH Auditors
  • Aspiring AAP’s (Accredited ACH Professional) or AAP’s looking for continuing education credits
  • Banking staff
Webinar Events
Live -Coming soon!

Training CD-DVD

Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment


Recorded video

Recorded video session



Speaker: Gina J. Lowdermilk, BSA/Compliance Auditor and Consultant

Dr. Gina J. Lowdermilk,PhD (ABD), CAMS, CRMS is a highly experienced and educated BSA/AML and Financial Regulatory Compliance professional with extensive policy and procedure development and implementation, training, internal audit, monitoring, risk management, and reporting experience. Her emphasis has been working with financial institutions that are experiencing regulatory concerns and resolutions, including enforcement actions such as memorandums of understanding and cease and desist orders. Her 15 years of experience has given her the opportunity to work from small community banks to large, international financial institutions. Her roles not only included BSA/AML and Compliance, but also operations, lending services, business development, marketing, management, department development, and asset quality.

Ms. Lowdermilk has worked with all of the financial regulators and examiners. She possesses advanced Microsoft Excel, PowerPoint, Word, Internet Explorer, Visio, and Access skills. She also has experience with FiServ, BAM, CRA Wiz, TeamMate, COGNOS, and Metavante banking software. She has been responsible for creating both recurring and ad hoc executive management and board presentations. In addition to her above experience, she is also an adjunct instructor for the business and construction management programs at a local college, as well as writes numerous BSA/AML and Compliance articles, training materials, and manuals as requested from numerous clients.


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