Same Day ACH (SDA) was implemented in three phases, beginning Sept of 2016 and ending in March 2018. With this new option in the ACH Network it gave the Originator and ODFI an opportunity to send and settle payments on the same day for a small fee. With SDA fully implemented and due to a recently approved amendment to the Rules, SDA is expanding with a third window for processing SDA transactions and the dollar limit is increasing for a single SDA transaction.This change impacts Originators, ODFI’s and RDFI’s – this session will outline the benefits and impacts that these changes bring to ACH processing.
Recently approved amendments to the NACHA Operating Rules are expanding Same Day ACH by adding an additional window in which Same Day ACH (SDA) Entries can be transmitted, so what does this mean for the ACH network and the participants? How will this change the processes for the RDFI that is required to make SDA credit Entries available for withdrawal by 5:00 on local RDFI time? This session will outline the upcoming changes and identify the impacts for the Originator, the ODFI and the RDFI.Another change taking place with the Rules is to increase the dollar limit on a single SDA Entry from $25,000 to $100,000; this will affect the network by adding more Entries (most likely B2B payments) into the network. Discussion during this session will include the impacts to the business and electronic payments going forward and how participants can take advantage of this change and benefit from making this a service available to their business customers.In addition, details on how the change to the funds availability for both SDA and non-SDA entries will affect the RDFI when processing ACH transactions and remaining in compliance with the changes to the NACHA Operating Rules in the near future.
Outline the timing with adding the third processing window for SDA EntriesIdentify the impacts to the participants with this new amendment on expanding SDAList the possibilities that become available with the increase in dollar limit for a single SDA EntryDefine the process involved with adding an additional processing window for SDA when it comes to procedures and Rules complianceProvide timing for the RDFI to follow with the “faster” funds availability for both SDA and non-SDA Entries with this newly adopted Rules changeDescribe the potential impact to exception processing with the changes to Same Day ACH
Details on the recently approved changes to SDAThe benefits for the Originator and ODFI with the addition of the third processing window for SDAThe impact to the RDFI when receiving SDA transactions when the third window for SDA is addedFunds availability (for credits) improving with a recent change to the NACHA Operating Rules
ACH Operations staffThird-Party Payment ProcessorsThird-Party SendersACH ManagersElectronic Payments ProfessionalsAAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education CreditsAnyone who wishes to enhance their knowledge of the new rulesCompany / Business Owners (Originators)Banking Managers/ SupervisorsThird-Party Service ProvidersAudit and Compliance Personnel / Risk Managers
Recently approved amendments to the NACHA Operating Rules are expanding Same Day ACH by adding an additional window in which Same Day ACH (SDA) Entries can be transmitted, so what does this mean for the ACH network and the participants? How will this change the processes for the RDFI that is required to make SDA credit Entries available for withdrawal by 5:00 on local RDFI time? This session will outline the upcoming changes and identify the impacts for the Originator, the ODFI and the RDFI.Another change taking place with the Rules is to increase the dollar limit on a single SDA Entry from $25,000 to $100,000; this will affect the network by adding more Entries (most likely B2B payments) into the network. Discussion during this session will include the impacts to the business and electronic payments going forward and how participants can take advantage of this change and benefit from making this a service available to their business customers.In addition, details on how the change to the funds availability for both SDA and non-SDA entries will affect the RDFI when processing ACH transactions and remaining in compliance with the changes to the NACHA Operating Rules in the near future.
Outline the timing with adding the third processing window for SDA EntriesIdentify the impacts to the participants with this new amendment on expanding SDAList the possibilities that become available with the increase in dollar limit for a single SDA EntryDefine the process involved with adding an additional processing window for SDA when it comes to procedures and Rules complianceProvide timing for the RDFI to follow with the “faster” funds availability for both SDA and non-SDA Entries with this newly adopted Rules changeDescribe the potential impact to exception processing with the changes to Same Day ACH
Details on the recently approved changes to SDAThe benefits for the Originator and ODFI with the addition of the third processing window for SDAThe impact to the RDFI when receiving SDA transactions when the third window for SDA is addedFunds availability (for credits) improving with a recent change to the NACHA Operating Rules
ACH Operations staffThird-Party Payment ProcessorsThird-Party SendersACH ManagersElectronic Payments ProfessionalsAAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education CreditsAnyone who wishes to enhance their knowledge of the new rulesCompany / Business Owners (Originators)Banking Managers/ SupervisorsThird-Party Service ProvidersAudit and Compliance Personnel / Risk Managers
Donna K Olheiser
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. 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 …
How to Give Corrective Feedback: The CARE Model - Eliminati…
Why EBITDA Doesn't Spell Cash Flow and What Does
Improving Employee Engagement & Retention Through Stay Inte…
SOPs - How to Write Them to Satisfy those Inspectors
With Mandatory Paid Leave Gaining Ground Is It Time To Do A…
Documenting Misconduct that Will Stand Up in Court
Marketing to Medicare or Medicaid Beneficiaries - What You …
Human Error Reduction Techniques for Floor Supervisors
Project Management for Non-Project Managers - How to commun…
Tattoos, hijabs, piercings, and pink hair: The challenges …
Trial Master File (TMF)/eTMF, & FDAs Draft Guidance for Ele…
Sunshine Act Reporting - Clarification for Clinical Research
Humane Layoffs: How to Let People Go with Compassion and De…
FFIEC BSA/AML Examination Manual: What Compliance Officers …
Female to Female Hostility @Workplace: All you Need to Know
OSHA Requirements for Supervisors, Project Leaders & HR - W…
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
Conquer Toxic People - Learn To Protect Yourself And Get Yo…
Understanding the Artificial Intelligence Landscape
Establishing Appropriate Quality Metrics and Key Performanc…
Ultimate Persuasion Strategies! - Secret Influence Tools & …
Using High-Performance Coaching for Managers to Address Per…
Excel - 10 Key Worksheet Functions to Skyrocket Your Produc…
Is Your Culture Working For or Against Your Success? If You…
Red flags that can render your OSHA Safety Program Complete…
Utilizing HR Metrics to Illustrate & Improve Human Resource…
The Anti-Kickback Statute: Enforcement and Recent Updates
Onboarding is NOT Orientation - How to Improve the New Empl…
FDA Technology Modernization Action Plan (TMAP) and Impact …
How to Prepare For and Host a FDA Inspection and Respond to…
Excel - Pivot Tables - The Key To Modern Data Analysis and …
Managing Toxic & Other Employees Who Have Attitude Issues
Building GMP Excellence: A Guide to Implementing Compliant …
Excel Power Skills: Master Functions, Formulas, and Macros …