Event Details*
Thursday, February 01, 2024
On-Demand; 1.2 AAP/APRP CEU Eligible
Level: Beginner
Event Registration**
Member Price: $150.00 (Associate Members Only)
Non-Member Price: $325.00
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.
Let’s talk about ACH processing requirements! Did you know that as a business that processes ACH payments, there are contractual obligations to meet under the Nacha Operating Rules as well as with your banking partner? These obligations range depending on the capacity in which the business processes and increase with the complexity of the business’s ACH Activities. However, no matter the scale of ACH activities, businesses should fully understand what is required of them to ensure compliance and mitigate risks inherent to ACH processing. That is why an important component of the School of Business Education is its ACH Processing session.
In this session, we will dive into what Nacha requires of businesses that process ACH payments. We will explore how these requirements impact a business’s payments operations and what processes should be implemented to comply with the Rules. Lastly, it is important to highlight that the Rules are updated regularly, and any changes have the potential to impact a business’s responsibilities. We will close the session with discussions around how businesses can stay in-the-know and up to date on Rules changes to ensure continued compliance.
We are excited to have you join us for this session and look forward to serving as your payments education partners!
Agenda
• Who is Nacha and what does Nacha do?
• ACH Agreements 101
• Originator Responsibilities
• Authorizations-Why are there different requirements?
• When must notice be provided to customers?
• How do we stay informed of changes to the Rules and our requirements?
Attendees of this session should leave this session with an understanding of:
• Who Nacha is and what Nacha does.
• Requirements under the Nacha Operating Rules that apply to their business and its ACH processing.
• The minimum requirements of the agreement with their banking partner.
• How to stay informed of any impactful Rules changes.
Speaker:
• Elyssa Morgan, AAP, APRP, Vice President, Membership, NEACH
Audience:
• ACH Origination
• Associate Members
• Corporate Members
• Originator/TPS Education
You might also like:
• NEACH U School of Business Education
*Please note that the access information will be sent to you in a separate email upon receipt of payment. Access information and support are only provided during normal business hours.
**$150 member registration fee includes 3 registrations. Additional members may be registered for $25/person. All members must be registered at the same time, and you must be logged in to receive this pricing.