Key Take Away :
This webinar will review some common misunderstandings and questions surrounding Same-Day entries processing to ensure your organization is prepared for each phase of implementation.
In response to the need for faster electronic payments and settlement, NACHA implemented Same-Day ACH. This new, NACHA compliance faster payments option is rolling out over the course of three years; the first phase for credit transactions went into effect in September 2016.
This NACHA webinar will develop an action items list and determine if Same-Day ACH is appropriate for your business. The webinar will also evaluate anticipated risks, fraud, costs, common criteria institutions use to determine eligibility and common restrictions that will be imposed.
Why Should You Attend :
While many organizations can immediately see the benefits of Same-Day ACH, there are a number of risks and potential costs they may not be aware of.
Same-Day ACH training online will present challenges for participants who aren’t properly educated on the new rules and risks. Same-Day ACH is an optional service that financial institutions won’t offer to every business.
Areas Covered In This Webinar :
Same-Day ACH background
How Same-Day ACH affects businesses, their employees and their customers
Preparing for Same-Day ACH
The phases of implementation
How to tell if an entry is Same-Day
Which entries are allowed in Same-Day ACH and which are prohibited
Educating your receivers of these entries so they know what to expect
How financial institutions often select business customers to use Same-Day ACH
Considerations to managing enhanced risk and fraud potential
Learning Objectives :
Review Same-Day ACH implementation timeline and milestones
Isolate opportunities and risks
Determine if Same-Day ACH is appropriate for your business
Record critical rules and risk management criteria
Who Will Benefit :
Credit Card Providers/ Processors
For more information, please visit : https://www.atozcompliance.com/trainings-webinar/banking-financial-services/banks-and-credit-unions/same-day-ach-and-nacha-webinar-training-online/rayleen-m-pirnie/300200?utm_source=wordpress&utm_medium=referral
Toll Free: +1- 844-414-1400
Speakers Profile :
Rayleen M. Pirnie
Rayleen M. Pirnie, AAPis the founder and owner of RP Payments Risk Consulting Services, LLC., based in Missouri. She is a nationally recognized speaker whose educational programs provide valuable, actionable strategies for financial institutions and businesses on topics ranging from payments risk management to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.
Rayleen has spoken at national and regional conferences for over 16 years. Recent events include NACHA’s Payments Conference, the American Bankers Association Risk Management Forum, the Security Matters annual conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City’s Risk Management Conference.
Always endeavoring to help organizations manage payments risk, Rayleen has supported many notable organizations over the years. She is currently member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise, to name just a few.