NEW NACHA Rule: Third-Party Sender Registration - Are you Prepared?

Why Should You Attend:

A NEW Rule was recently approved and will require Originating Depository Financial Institutions (ODFIs) to identify and register their Third-Party Sender customers with NACHA. This Rule becomes effective September 29, 2017.

The registration process will promote consistent customer due diligence among all ODFIs, and serve as a tool to support NACHA’s continuing efforts to maintain ACH Network quality.

In order to understand the impact this will make on the different participants (specifically Third Parties) – we need to identify the “Third-Party Sender” – extremely detailed examples will be used to help with this identification (due diligence) process.

Areas Covered in the Webinar:

• Defining what a Third-Party Sender is and how this impacts the ODFI
• How to determine if You have a Third-Party Sender Relationship
• Information to have ready about your Third-Party Sender by Sept 2017
• Tips for the ODFI to determine if they have a “nested” TPS
• Timing for the ODFI to be in compliance with new Registration Rule
• Process for the ODFI if they “do NOT” have a Third-Party Sender Relationship

Learning Objectives:

• Identify ways in which the ODFI can perform due diligence to determine “if” they have a Third-Party Sender relationship
• Outline details on how to determine if there is a “nested” Third-Party Sender
• Provide the implementation period, provided by NACHA to submit initial registration information, or to provide statements that the ODFIs have no Third-Party Sender customers
• Outline timeframe that ODFIs will have to register their Third-Party Sender customers
• Define the requirements for the ODFI to provide a limited set of initial, basic registration information for each Third-Party Sender
• Describe additional registration requirements upon NACHA’s request

Who Will Benefit:

Financial Institutions, ACH Operations Departments, Audit Departments (within financial institutions), Third-Party ACH Processers. Target personnel include:

• ACH Operations staff
• Third-Party Payment Processors
• Third-Party Senders
• ACH Managers
• Electronic Payments Professionals
• AAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
• Anyone who wishes to enhance their knowledge of the new rulesCompany / Business Owners (Originators)
• Banking Managers/ Supervisors
• Third-Party Service Providers
• Audit and Compliance Personnel / Risk Managers

Donna K Olheiser
VP of Education, Dynamic Mastership

Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC.

Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience, and holds the Accredited ACH Professional (AAP) designation (achieved in 2004). She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).

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, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis.

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