Instructor:
Donna K Olheiser
Product ID: 707025
Training Level: Intermediate to Advanced
Effective Oct 1, 2024 – Amendments to the Rules included Risk Management Topics, such as "Expanded use of Return Reason Code R17"; "funds availability exceptions" and "Unauthorized Return changes for the RDFI with timing of the WSUD and returning unauthorized transactions".
Effective April 1, 2025 – An Amendment carried over from 2024 includes the "Expanded use of Return Reason Code R06"
Effective March 20, 2026, two Rule amendments (Fraud Monitoring – Phase 1) – monitoring for Faud (as part of a larger Risk Management package) intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred.
Plus, two additional Rule amendments on standardizing Company Entry Descriptions (also part of Risk Management-relating to Fraud) become effective on March 20, 2026.
Effective June 19/22, 2026, two more Rule amendments (Fraud Monitoring Phase 2), also related to monitoring for fraud become effective on June 19/22, 2026, (as part of a larger Risk Management package) intended again to help reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred.
A NEW "Operations Bulletin" issued by Nacha on June 3, 2025 where Nacha is encouraging the use of Same Day processing windows for Returns – will be discussed during this session!
Description:
Each participant in the ACH Network is required to follow the Nacha Operating Rules and be compliant. With the Rules expanding the use of Return Reason Code R17 (10-01-2024) and Return Reason Code R06 (04-01-2025) to help with potential ACH transactions that could be initiated in instances of fraud. Another way to combat fraud is allowing additional “funds availability exceptions” and adding time guidelines for the RDFI when it comes to the WSUD and returning unauthorized transactions timely.
Effective March 20, 2026 – Phase 1 for Risk Management (part of a larger package) to help reduce the incidence of successful fraud attempts and improve recovery of funds:
Effective March 20, 2026 – Standardization of Company Entry Descriptions (also part of Risk Management):
PLUS -- Effective on June 19/22, 2026 – Phase 2 for Risk Management a continued part of a larger Risk Management package (Rules Changes) to help reduce the incidence of successful fraud attempts and improve the recovery of funds.
Included in this portion of Risk Management Rule amendments are:
Why Should You Attend:
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.
Beginning with discussion on the 2024 Rules changes on expansion of Return Reason Code R17, allowing additional exceptions for funds availability and improving the unauthorized Return process for the RDFI, then moving on to the Rule Amendment carried over from 2024 into 2025 on expanding the use of Return Reason Code R06 and creating a communication avenue between the ODFI and RDFI to help improve our ACH risk program. The Risk Management topics will improve recovery of funds in fraud situations (after the Fraud has occurred), there are two phases – Phase 1 outlines everything as part of the Risk management package including the threshold for the first group of participants that need to comply. Phase 2 outlines the participants that did not meet the first threshold – and their obligation to meet these Risk Management Rule amendments.
These are a NEED to KNOW! Your ACH Risk process is changing for BOTH the ODFI and RDFI! Register Today to ensure YOUR compliance with the NEWEST Rues inn 2024 and 2025 PLUS the UPCOMING 2026 updates to the Nacha Operating Rules!!
Areas Covered in the Webinar:
Effective on Oct 1, 2024 and April 1, 2025, are Rules changes as part of a larger Risk Management package intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred. Included in this portion of the Risk Management Rule amendments are:
RDFI Must Promptly Return Unauthorized Debit Fraud Monitoring – for ODFI, Originators, TPSP and TPS PLUS Credit Monitoring – for RDFI (Phase 1)
Standardization of Company Entry Descriptions
Fraud Monitoring – by Originators, TPSP and TPS PLUS Credit Monitoring – for RDFI (Phase 2)
Examples used throughout the presentation will help identify the “meaning” of these new Nacha Operating Rule amendments.
Who Will Benefit:
Donna has over 24 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, Donna 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).
Donna's 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. Donna'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.
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