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  • Nacha Updates in the ACH Network (Operations Bulletins – RFC and RFI Details)

    • Nacha Updates in the ACH Network (Operations Bulletins – RFC and RFI Details)

    • Speaker : Donna K Olheiser
    • Session Code : DRFEB2625
    • Date : February 26, 2025
    • Time : 1:00 PM Eastern Time / 10:00 AM Pacific Time
    • Duration : 90 Mins

Overview:

 

The ACH Network continues to evolve, driven by technological advancements, regulatory shifts, and the growing demand for faster and more efficient payment processing. Nacha plays a critical role in this evolution, ensuring that the ACH Network remains secure, reliable, and adaptable to industry needs.

 

A significant topic under discussion is the expansion of Same Day ACH (SDA) capabilities through the potential introduction of an additional processing window. This proposal aims to provide greater flexibility, improve transaction timing across various time zones, and enhance the overall efficiency of SDA payments. If adopted, this change would require financial institutions, payment processors, and corporate users to adjust their payment strategies, processing schedules, and risk management protocols.

 

In addition, Nacha has sought industry input on two-day ACH credits and Same Day Returns, signaling potential refinements to transaction processing timelines. These considerations align with broader industry efforts to accelerate fund availability, improve returns processing, and mitigate operational challenges for ACH participants.

 

Recent updates from Nacha also include the release of Operations Bulletins that provide critical guidance on compliance and best practices:

 

  • ACH Operations Bulletin #3-2024 – Addresses the impact of the CFPB’s Personal Financial Data Rights Final Rule, highlighting how data-sharing requirements may affect ACH payments and open banking models.

 

  • ACH Operations Bulletin #4-2024 – Emphasizes the importance of maintaining accurate Routing Transit Numbers (RTNs) to prevent transaction errors and ensure seamless ACH processing.

 

  • A broader review of Operations Bulletins #1 and #2, which provide additional insights into ongoing regulatory priorities and industry expectations.

 

As the landscape of ACH payments continues to evolve, organizations must stay ahead of these developments to ensure compliance, minimize risks, and optimize payment processing. This session will provide a comprehensive breakdown of Nacha’s recent updates, offering key insights into potential rule changes, their impact on ACH participants, and best practices for adapting to the evolving regulatory environment.


 

Areas covered in the session:

 

  • List the details of the recent RFC and RFI
  • Identify how the ACH participants may be impacted with potential changes to the Rules outlined in the RFC
  • Define the details of BOTH Operations Bulletins #3 and #4
  • Outline the details for Operations Bulletins #1 and #2 – to clarify
  • Describe the impact of the CFPB’s Personal Financial Data Rights Final Rule (Operations Bulletin #3)
  • Cover the Importance of Maintaining Up-to-Date Routing Transit Numbers (Operations Bulletin #4)

 

Why should you attend?

 

The ACH Network is evolving, and staying informed about potential rule changes and regulatory updates is essential for financial institutions, payment professionals, and businesses. This session will provide clarity on Nacha’s latest initiatives, including the potential expansion of Same Day ACH (SDA) processing windows and upcoming industry shifts.

 

With Nacha issuing new Operations Bulletins, including guidance on the CFPB’s Personal Financial Data Rights Final Rule and the importance of accurate Routing Transit Numbers (RTNs), understanding these updates is crucial for compliance and operational efficiency. This webinar will break down what these changes mean and how they could impact ACH participants.

 

By attending, you'll gain expert insights into the future of two-day ACH credits, Same Day Returns, and key industry developments, helping you adapt to changes, mitigate risks, and optimize payment strategies. Whether you’re in treasury management, compliance, or ACH operations, this session will equip you with the knowledge and best practices needed to stay ahead.

 

Who will benefit?

 

Professionals responsible for ACH operations, payments processing, regulatory compliance, and financial risk management will find this session essential for staying updated on Nacha’s latest rule changes and industry developments. Those in the following roles will particularly benefit:

 

  • ACH Professionals
  • Treasury Managers
  • Compliance Officers
  • BSA/AML Professionals
  • Banking & Financial Services Executives
  • Payment Processors
  • Risk Management Professionals
  • Operations Managers
  • Finance Directors
  • Corporate Treasury Teams
  • Payroll & Accounts Payable Professionals



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.


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Tags: ACH rules, Nacha updates, Same Day ACH, ACH compliance, ACH payments, financial regulations, ACH risk, treasury management, banking compliance, payments processing, BSA AML, Nacha bulletins, ACH fraud prevention, Donna, Olheiser, February 2025, Webinar