Automated Clearing House transfers represent the vast majority of payments to and from account holders. Individuals throughout originating and receiving institutions must understand the procedures, requirements, and exceptions to keep funds flowing smoothly.
Scheduled for 60 minutes including question and answer period.Friday, April 14, 2023; 12:00 PM Eastern
Financial institution risk expert David Gibbons will explain the many factors that led to Silicon Valley Bank’s collapse. You will learn how to avoid the same pitfalls.
What You Will Learn
What caused Silicon Valley Bank to collapse?
What decisions did SVB make long ago that led to this point?
What actions in the week leading to the collapse exacerbated the situation?
How did technical factors play a role in SVB’s crash?
Does your institution face the same risks as SVB?
What are the biggest long-term lessons from this incident?
What steps should you take immediately to keep your institution solvent?
Will regulators assess risk differently in light of the SVB collapse?
ACH expert Kim Ellis will explain all the new rules and how they affect your institution. You will learn what procedural changes to make immediately and how to prepare for upcoming requirements.
Topics Covered
What specific changes should you make to your ACH procedures in 2023?
How did the Same Day ACH limit change?
How can you mitigate risks from increasing Same Day ACH transactions?
What new data security requirements must you follow?
How do Micro-Entries change in Phase 2?
How have third-party sender roles and responsibilities changed?
What does the new risk management framework entail?
What rules will be enforced after the expiration of COVID relief?
ACH expert Kimberly Ellis will discuss these rule changes and the impacts to ACH participants, specifically ODFIs, Originators, and Third-Party Senders. You will learn how to adapt in time for the new rules to take effect.
What You Will Learn
How does ACH define Third-Party Senders?
Who are Nested Third-Party Senders?
What are the ACH risk management requirements?
What processing flow must ACH entries follow?
What is the Chain of Agreement for ACH participants?
What are the Nacha requirements for Third-Party Sender registration?
ACH expert Kim Ellis will explain the best practices for onboarding and periodically reviewing ACH originators. You will learn how to complete, store, and monitor the necessary documents.
ACH expert Jason Johnson will walk you through properly handling payments from federal government agencies and compare the differences in liability for government vs. commercial reclamations. You will hear real-life examples to reinforce your learning.
ACH expert Jason Johnson will share fundamentals in straightforward terms. You will learn how to keep pace with the fast evolution of electronic payments.
ACH expert Kim Ellis will break down each step from the ODFI to the receiving side. You will also learn the warranties and responsibilities of each party involved when processing reversal entries.
ACH expert Kim Ellis will highlight the importance of ACH agreements and provide sound advice for limiting your institution’s liability. You will learn how to work with third-party service providers more safely.
What You'll Learn
ODFI warranties and responsibilities under the Nacha Rules
Requirements for ACH agreements between the ODFI, originators, and third-party senders
Authorization requirements for ACH Entries
Recent rule changes affecting ACH authorizations and third-party senders
