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|Event Name:||Same Day ACH Equals Faster Payments – The Nitty Gritty Details!|
|Date:||Tuesday, January 24, 2017 11:00am CST|
|Panelist(s) Info:||Donna Olheiser AAP Vice President of Education Dynamic Mastership LLC|
|Credits:||1.2 AAP Credits, 1.0 CPE Credit|
This webinar will cover how this new Rule will allow (optional) financial institutions (the ODFI, Originating Depository Financial Institution) and businesses to acclimate to a faster processing environment with ACH transactions. The RDFI (Receiving Depository Financial Institution) will be required to receive these types of Entries and provide funds availability to their account holders differently than they do today for these Same Day Entries.
Details in the webinar will include the three phases of implementation effort, with these new capabilities becoming effective over three phases beginning in September 2016 and ending in March 2018. Scenarios will also illustrate how these transactions differ from traditional ACH payments.