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Event Name:Same Day ACH – 3-Part Bootcamp
Date:Wednesday, February 22, 2017 11:00am CST
Presented By:BankersHub
Panelist(s) Info: Donna Olheiser AAP Vice President of Education Dynamic Mastership LLC
Price:$549.00
Credits:3.6 AAP Credits, 3.0 CPE Credits
Description:

This 3-part series Boot Camp will provide everything you NEED to know about Same Day ACH! Each session will cover a different piece of the Same Day ACH puzzle and walk you through the details and special processes relating to each participant (Originator, ODFI or RDFI). Details from “What is this NEW Same Day functionality?” to “How Does This Affect my day-to-day ACH Processing?”; including “Exception Processing for Same Day – affects more than just Same Day”. Be sure to attend all three to get the full effect of how each participant in the network plays a different role and how they all work together harmoniously to create a Faster Payments environment and identify what you need to do to ensure that you’re in compliance with the NACHA Operating Rules through each of the three phases.

Attendees will learn:

  • What is the NEW Same Day ACH movement and the 3-Phase approach to its implementation?
  • How to identify elements to determine what makes an Entry eligible for Same Day ACH processing
  • Benefits for the Originator and ODFI with the option to send payments that will settle Same Day
  • Fees associated with Same Day ACH Entries – and how this fee is collected and distributed
  • Settlement vs. Funds Availability – how does this affect the ODFI and RDFI
  • Impact to Receiver’s account and how this new environment will change the availability of funds
  • Returning ACH Entries (not just Same Day Entries) – and the impact on the participants
  • NOC (COR) Entries and the effect on the ODFI and RDFI when processing these types of Entries in the new ACH Same Day environment
  • Prenotification Entries are also impacted – hear the details on how this impacts you…
  • How to apply the details to some scenarios with an opportunity to review all the details discussed

The initial session will cover what the Same Day ACH movement entails, how it works, and the impact on the different participants in the ACH network. Discussion and illustrations on the difference between settlement and funds availability are included. By attending this session, you will hear details on:

Part 1: Wednesday February 22, 2017 - 11:00am - 12:00pm CT

Same Day ACH – What YOU NEED to Know

The initial session will cover what the Same Day ACH movement entails, how it works, and the impact on the different participants in the ACH network. Discussion and illustrations on the difference between settlement and funds availability are included. By attending this session, you will hear details on:

  • Defining ACH Entries that are eligible for Same Day processing
  • Processing windows for processing ACH transactions and how this affects the new settlement process
  • Funds availability during 3 phases and how this affects Receiver
  • Settlement at 2 times – what this means in supplied scenarios…
  • Fees associated with this new process of Same Day ACH Entries – and the collection process outlined

Part 2: Thursday February 23, 2017 - 11:00am - 12:00pm CT

ACH Return Process – It’s Changing and NOT just for Same Day ACH

This 90-minute session will cover ALL the details on Return processing and how the new settlement windows can virtually change the way you process ALL your returns (not just Same Day ACH Entries).  Attend this session to hear and learn more details on:

  • Timeframes for returning ACH Entries – how can this be changing in the new environment?
  • Settlement for Returns – how does this affect the “legacy” ACH Entries – imagine the effects of same day Returns being the same as receiving that NSF Same Day ACH Entry – details — provided
  • Scenarios to apply the meaning of how this new environment “can” change YOUR Return process

Part 3: Friday February 24, 2017 - 11:00am - 12:00pm CT

“OTHER” Details of Same Day ACH (+ Debit Entries)

The last session will put it all together and provide additional details on Prenotes, NOC’s and how debit Same Day Entries (effective September, 2017) will play a bigger role and impact on the ACH network.  This last session will tie all pieces together with scenarios to further identify how this new environment works and what this means to your ACH processing day. Attending this session is a “must” to help piece the puzzle together and grasp the concept of the new Same Day environment.

  • Prenotes being sent in the new Same Day environment – how are they affected? Do they carry a fee associated with them?
  • Notifications of Change sent by the RDFI, what happens with these COR Entries, are they eligible for Same Day ACH Processing and will a fee be charged?
  • Debit Same Day ACH Entries being added in Sept of 2017 – what “could” happen with the Same Day ACH volume when the landscape changes and Originators now “want” the Same Day feature?
  • When is there a “fee “associated with an Entry that is eligible for Same Day ACH processing – and how is this fee collected and disbursed from the ODFI to the RDFI?
  • Case Studies and Scenarios with details relating to Same Day ACH will be INCLUDED to help bring the learning home – to your operations area and have it “make sense” and ensure compliance