Overview:
The
Nacha Operating Rules and Guidelines require that all participating depository
financial institutions, third-party senders and third-party service providers
that provide ACH services to the RDFI or ODFI, conduct an annual ACH audit by
December 31 of each year (ACH Rules, Article 1).
There
have been many Rules changes that affect your annual ACH Rules Compliance Audit
in 2022, including the verification of registration and accuracy of info in the
ACH Contact Registry PLUS the MOST recent rule amendment including Third-Party
Senders (TPS); and Micro-Entries (both new in 2022!).
This
session will cover “step-by-step” the audit process and requirements for each
participant conducting an annual ACH audit, to help ensure their compliance
with the Nacha Operating Rules.
By
attending this webinar participants will learn to:
- Identify
the participants in the ACH network required to conduct an annual ACH Rules
compliance Audit
- Define
what the General Audit Requirements are (now in Article 1)
- Discussion
on tools available in the Nacha Operating Guidelines for guidance when
conducting the annual ACH Rules Compliance Audit, including the TPS audit.
- Review
the flexibility for each participant when following the Guidelines, which
include the ODFI, RDFI, TPSP and TPS within the Rules Book
- Describe
“how-to” ensure Rules Compliance after determination of what ACH activities are
being audited
- Recommended
areas to check (audit) in addition during the ACH Audit
Why
should you attend?
The
annual ACH Rules Compliance Audit requires a precise examination of all ACH
processes that a participant is involved in, then completing the “compliance
test” of those processes to ensure compliance with the Nacha Operating Rules.
There
are NEW Unauthorized Returns processes (with an additional ODFI monitoring
requirement), PLUS a NEW TPS Registration and “Risk Assessment”! These are all
part of the verification during the annual ACH Rules Compliance Audit for
compliance with the Nacha Operating Rules.
This
session will identify who needs to conduct an annual ACH Audit. In addition, outline the process for each
participant that is required to conduct the annual Rules compliance Audit, plus
offer tips and guidance for creating your own personalized ACH Audit (based on
the ACH activities you utilize).
Who
will benefit?
- ACH
Operations staff
- Compliance
Officers
- Treasury
professionals
- Third-Party
Payment Processors
- Third-Party
Senders
- ACH
Managers
- Electronic Payments Professionals
- ACH auditors (internal and external)
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ experience. She has designed and facilitated over 150 training sessions each year with her expertise being the rules for companies and financial institutions when processing electronic (specifically ACH) payments, then scheduling the events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Ms. Olheiser is also an experienced project manager managing education programs for organizations processing electronic payments and developing personalized training programs for financial institutions.
She has over 23 years of experience in the financial services industry which includes 9 years’ experience 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, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).
Her extensive knowledge, enthusiasm and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH processing. Ms. Olheiser’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.
Enrollment Options
Tags: Completing, Annual, ACH Rules, Compliance, Audit, Donna, Olheiser, October 2022, Webinar