ACH

What You'll Learn

• How did Phase 1 define Micro-Entries?
• What fraud detection does Phase 2 of the Micro-Entry rules require?
• How did rules for Third-Party Senders change?
• What does Nacha’s Risk Management Framework entail?

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?

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?

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?

What You'll Learn

• Overview of ACH participants, rights, and responsibilities of an RDFI
• General ACH returns
• Authorization requirements
• Recredit obligations, WSUDs, and extended returns
• Resolution outside of the extended return timeframe

What You Will Learn

• General ODFI rules and warranties
• Origination agreements
• ACH authorizations
• ACH originator education
• New originator approval
• Managing your originators

Topics Covered

• Enrollment
• ACH payment processing
• Nonreceipt
• Returns
• Reclamations

Topics Covered

• ACH network overview, history, and evolution
• Roles and responsibilities of ACH participants
• Common ACH products
• ACH legal framework

What You'll Learn

• Reversals defined
• Reversing files
• Reversing entries
• Reversals and same-day ACH
• Recent rule changes

Topics Covered

• General ACH returns
• Dishonored and contested dishonored returns
• Extended returns, including when to use a Written Statement of Unauthorized Debit (WSUD)
• ACH returns with unusual timeframes

Topics Covered

• General rights and responsibilities of ODFIs
• Originators and origination agreements
• ODFI operations
• Third parties
• ODFI reporting requirements

Topics Covered

• RDFI responsibilities related to funds availability
• Prenotes, reclamations, and stop payments
• Exception processing
• Notifications of change
• Extended return timeframe
• Written Statement of Unauthorized Debit