NACHA Operating Rules- How do Banks comply?



Speaker : Brent Meyers

Brent Meyers has extensive knowledge of the accounts payable proc |  more...

Topic ID : 249

Duration : 60 Mins

Live : Coming Soon..

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Course Description:

NACHA as an organization began in 1974 to establish uniform operating rules for ACH payments.  They develop, administer, and govern the ACH Network they are also the national association responsible for ACH payments.  

Course Objective:

The NACHA Operating Rules are necessary to ensure the ACH Network remains efficient, reliable, and secure for the benefit of all participants.  It is the responsibility of the member financial institutions to ensure they are in compliance with the guidelines NACHA has set forth.  While this is an intense process it ensures that the banks and their customers are provided with the well defined benefits that NACHA provides.

This session should answer any questions you may have about NACHA and the benefits they provide to ACH payments.

Course Outline:

  • What is NACHA?
  • What are the operating rules?
  • Who are its members?
  • What is the importance of NACHA?
  • What other options are there?
  • Who enforces the rules?

Target Audience:

  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Operational Risk Managers
  • Bank Examiners

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