Improving ACH Network Quality - Unauthorized Entry Fee

Duration: 60 Minutes
Every financial institution which processes ACH payments are responsible for being in compliance with the NACHA Operating Rules. In this 90-minute session you will hear all the details about changes relating to improving the quality of ACH payments sent by requiring the ODFI to pay the RDFI for any ACH transactions they originate that are returned as unauthorized.
Improving ACH Network Quality
Instructor: Donna K Olheiser
Product ID: 501965
Objectives of the Presentation
  • List the Return Reason Codes affected by this Rules change
  • Identify the amount of the Unauthorized Entry Fee, Outline how the ODFI can help reduce the fees associated with this new rule
  • Define how the Unauthorized Entry Fee payment will be collected from the ODFI and paid to the RDFI
  • What entries are affected by this - Entries with an Effective Entry Date of _____?
  • Describe how this will impact the ODFI and ultimately the Originator
  • Outline ODFI Responsibility for monitoring these types and other transactions
Why should you Attend
This new Rule, already in effect, indicates that an ODFI will pay a fee to the RDFI for each ACH debit that is returned as unauthorized (return reason codes R05, R07, R10, R29 and R51). ODFIs will have an economic incentive to improve the quality of the ACH transactions they originate. RDFIs will be compensated for a portion of the costs they bear for handling unauthorized transactions and will experience reduced costs due to a reduction in unauthorized transactions over time.

Areas Covered
  • Compliance and operational issues surrounding the Unauthorized Entry Fee
  • The Return Reason Codes affected by this Rules change
  • ODFI Responsibilities and obligations with this new Rule
  • What forward Entries are affected by this change?
  • When are the fees applied and how are they collected?
  • Description of the Rules Enforcement policy for unauthorized Returns
Who will Benefit
  • Operations Staff
  • Treasury Professionals
  • AAP's for AAP CE (Continuing Education) Credits
  • ACH Auditors (Internal and External)
  • CFO's to pass on to their staff
  • Bank Management
Topic Background
There are fees associated with specific types of ACH Returns to be charged to the ODFI and paid to the RDFI - Do you know how this will impact you as the financial institution or as the ODFI and RDFI? - Attend this session to hear how this affects you!
$300
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  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
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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