Compliance with ACH Origination in a Faster Payments World – Authorization Requirements


Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. and holds the Accredited ACH Professional (AAP) designation (achieved in 2004). She 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 electronic (specifically ACH) payments, then scheduling the events to facilitate and deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences).

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 real-life day-to-day ACH processing. Ms. Olheiser’s ability to engage the learner through the entire training event helps the adult learner apply what they’ve learned during and after each training session.

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, including the internal educator for FedACH Central Operations.

According to the NACHA Operating Rules, the ODFI takes on all the warranties and responsibilities for each and every ACH Entry they transmit into the network, What does this mean? What about the Originator – What is their Role? Do they have responsibilities and obligations? Direct Deposit and Direct Payment via ACH are the two most common forms of ACH origination Entries; then there are your non-consumer or corporate payments, followed by your check conversion and other types of transactions such as WEB and TEL. Identifying the authorization requirements for these commonly used ACH Entries will be included.

Originators and ODFI’s NEED agreements in place to identify the responsibilities of each party when ACH transactions are submitted. Exposure limits need to be set and processing schedules determined. Same Day ACH – Do you have any Originators who are interested in sending and updated procedures accordingly?

Learning Objectives

  • Describe the six minimum elements REQUIRED to be in the ODFI-Originator/Third-Party Sender agreement(s)
  • Outline the benefits for the Originator to utilize Same Day ACH for their credit (currently) and/or debit (starting Sept 2017) processing
  • Define the UCC 4A Disclosures and what they mean to the Originator
  • Identify (briefly) the different types of ACH transactions and how this affects the authorization requirements
  • List the timeframes and processes for handling Prenotes, NOC’s (COR Entries) and Dishonored Returns
  • Illustrate the different ACH Monitoring Rules for the ODFI

Who Should Attend

  • ACH Operations staff
  • Compliance Officers (Auditors)
  • ACH Managers
  • Electronic Payments Professionals
  • AAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
  • Anyone who wants to enhance their knowledge of new rules

Why Should Attend

This 90-minute information-filled session will include the elements of the ACH Originator-ODFI agreement, why they are needed and the purpose they serve.  Included will be identifying Exposure Limits and ensuring that each Originator is in compliance with the NACHA Operating Rules when it comes to the elements within that agreement plus covering all authorization requirements.

What are the Originator’s obligations and the warranties that the ODFI will carry when they transmit ACH Entries into the network?

How are Returns, Notifications of Change and Prenotes handled – are your procedures’ up to date?

This session will identify how to remain in compliance with the NACHA Operating Rules during the transmission of ACH Entries. A “must-attend” session!

  • $155.00