2015 ACH Rule Changes and Updates: Rules that Will Change Returns and Impose New Fees

Why Should You Attend:

With the increasing movement toward an electronic, interconnected and mobile infrastructure, it’s critical that electronic payments work safely and efficiently for all users. The ACH network enables just that. By using batch processing and a store-and-forward system, it moves almost $39 trillion and 22 billion electronic financial transactions each year. For more than 40 years, NACHA has been the trustee of the ACH network, employing a collaborative, self-regulatory model to facilitate the expansion and diversification of electronic payments on the ACH network.

2015 will be a year unlike any other in the ACH network. Nine recently passed ballots will change the way return rates are measured and implement fees for those returns. Third party issues are also a key concern in the rule changes for 2015. This session will help avoid unnecessary rules violations, customer dissatisfaction and financial losses due to non-compliance with the ACH rules. The course will take a look at all the NACHA Operating Rules changes and updates including the nine recently passed ballots.

Areas Covered in the Webinar:

• Reducing the existing return rate threshold for unauthorized debits from 1.0% to 0.5%
• Establishing an inquiry process to evaluate and research outlier cases in which an originator’s administrative returns exceed 3%
• Establishing an inquiry process to evaluate and research outlier cases in which an originator’s overall returns exceed 15%
• Defining and establishing a methodology for a fee paid by the ODFI to the RDFI for returns for unauthorized debits
• Defining and establishing new standards for reinitiated entries
• Clarifying third party sender issues
• Dishonored/contested reversal changes
• Notification of change time period change

Who Will Benefit:

• Professionals from financial institutions
• Risk/compliance officers
• Operations personnel and managers
• Treasury management
• Accredited ACH professionals
• Third party service providers
• Payroll processors
• Homeowners' associations/property management professionals

Instructor Profile:

Luann S. Kohlmann serves as the vice president of WACHA/PAR, headquartered in Wisconsin. Ms. Kohlmann started her career in banking operations and joined the WACHA/PAR team in 2003. She is responsible for development and execution of association member programs, including education, conferences and publications. She also conducts ACH audits and risk assessments.

Coming from a financial institution background, Ms. Kohlmann has hands on knowledge and understanding of the problems that organizations face with day to day ACH processing and the need to continue to expand their electronic payment knowledge and services to keep up with the ever-changing electronic world.

Ms. Kohlmann has been a speaker at NACHA’s Electronic Payments Conferences and Windy City Summit in addition to many nationwide engagements. She is very active in national electronic payment councils and committees. She has been an Accredited ACH Professional since 2002 and became a National Check Professional in 2011.

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