ComplianceOnline

How to Complete Your ACH Audit - The Ins and Outs of ACH Rule Compliance

Instructor: Donna K Olheiser
Product ID: 705082
  • Duration: 90 Min

recorded version

$299.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Feb-2017

Training CD

$399.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

Customer Care

Fax: +1-650-565-8542

Email: customercare@complianceonline.com

Read Frequently Asked Questions

This training program will help attendees identify the details of the ACH audit for the ODFI. It will outline audit requirements for third-party senders, including the new requirement for registration with NACHA. It will also provide tips to help the auditor performing the annual ACH audit ensure compliance with the NACHA Operating Rules.

This course is approved by NACHA (National Automated Clearinghouse Association). Attendees of Live Webinar are eligible for 1.8 AAP CE credit up on full completion of the course.

Why Should You Attend:

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 conduct an annual ACH audit to be performed by December 31 of each year (ACH Rules, Appendix Eight, Section 8.1). By each participant performing the annual ACH audit, this helps ensure that electronic payments work safely and efficiently for all users. Attend this webinar to gain an understanding of general audit requirements, the functions of a receiving depository financial institution (RDFI), and also for an originating depository financial institution (ODFI).

Learning Objectives:

  • Define general audit requirements
  • Identify the details of the ACH audit for the ODFI (and how this pertains to their originators)
  • Outline the audit requirements for the third-party sender – including the new requirement for registration with NACHA
  • List what the third-party service provider is responsible for in regard to the annual ACH audit
  • Provide tips to help the auditor performing the annual ACH audit – to ensure compliance with the NACHA Operating Rules
  • Review best practices and requirements for additional audit requirements (as defined by NACHA)
  • Overview of questions to ask while performing the annual ACH rules compliance audit

Areas Covered in the Webinar:

  • General Audit Requirements
    • Agreements
    • Previous audits
    • Retention
  • Receiving Depository Financial Institution (RDFI)
    • Prenotes
    • NOCS
    • Returns, stops and WSUDS
  • Originating Depository Financial Institution (ODFI)
    • ODFI agreements
    • Exposure limits
    • Originator obligations

Who Will Benefit:

  • ACH operations staff
  • Compliance staff
  • ACH auditors
  • Aspiring AAPs (Accredited ACH Professional) or AAPs looking for continuing education credits
  • Banking staff
Instructor Profile:
Donna K Olheiser

Donna K Olheiser
VP of Education, Dynamic Mastership

Donna K Olheiser 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, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation.

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 life day-to-day ACH processing. Her ability to engage the learner through the entire training event helps the adult learner apply what they've learned during each training session.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email customercare@complianceonline.com call +1-888-717-2436 (Toll Free).

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