Speaker: Donna K. Olheiser -
VP of Education at Dynamic Mastership
Date: December 8th Thursday
Time: 01:00 PM EST | 10:00 AM PST
Duration: 90 Minutes
Product Code: 300142
Level: Intermediate
This
program is valid for 1.5 PDCs for the SHRM-CPSM or SHRM-SCPSM
Key Take Away
Get details on what
just happened with the adoption of the new Same Day ACH Rule and what it will
do for the ACH payments network and identify the impact on financial
institutions (ODFIs and RDFIs), including their originators.
Overview
Earlier this year, on
May 19, 2015, the Electronic Payments Association (NACHA rules) approved Same
Day ACH transactions which will enable the faster movements of payments by
enabling same day settlement for virtually any ACH payments network.
With this new Rule,
two new same day settlement windows will be added to the network, increasing
funds movement to three times each day. The rule will enable Originators that
desire same-day processing the option to send same-day ACH transactions to account at any RDFI. For Receiving
Institutions (RDFI), the Rule will require them to receive same day
transactions and give faster funds availability to their account holders.
In this 90-minute
information-filled webinar you will learn how this new Rule will allow
financial institutions and businesses to acclimate to a faster processing
environment, as well as to ease the implementation effort; these new
capabilities will become effective over three phases beginning in September
2016 and ending in March 2018.
Why Should You Attend
•
Describe what just happened with the adoption of
this new Rule and what will it do for the ACH Payments Network
•
Identify the impacts on financial institutions
(ODFIs and RDFIs), including their Originators
•
List details on the three phases of
implementation beginning September 2016 and completing in March 2018
•
Define the two new clearing windows are for Same Day ACH transactions offered
by the ACH Operators and what this means to ACH payments using examples and
scenarios
•
Outline the methodology of calculating the Same
Day Entry Fee being charged to the ODFI and provided to the RDFI to help
recover fees associated with enabling and supporting Same Day ACH
•
Establish guidelines for preparation of the new
Same Day ACH
Rule
•
Determine “next steps” in preparing for Phase 1 –
which begins September 2016
Areas Covered In This Webinar
•
How the new Rule varies slightly from the
original RFC (Request For Comment)
•
Dates for each phase in the implementation
process and what is happening
•
10 primary use cases for Same Day ACH
•
What types of ACH payments are NOT part of the
Same Day ACH payments
•
How Same Day ACH is “optional” for use by
Originator and ODFI; but “mandatory” receipt of these entries for RDFI
Learning Objectives
•
Impacts on the ODFI and Originator including the
optional Same Day indicator for use only by these parties
•
Procedure change suggestions for the ODFI to
handle the Originators who do not want to use the Same Day service
•
Impacts on the RDFI with discussion on changes
for the receipt and processing of ACH file in new environment
•
Details on how credit funds availability rules
are changing for the RDFI and what does this mean to your financial institution
during each phase of the implementation
Who Will Benefit
•
Financial Institution Executives and Professionals
•
Banking Operations Managers and Staff
•
Compliance
and Risk Professionals
•
Treasury Management Professionals
•
AAP’s (Accredited ACH Professionals)
•
Payroll Processors
•
Company / Business Owners (Originators)
•
Banking Managers/ Supervisors
•
Third-Party Service Providers and Third-Party
Senders
•
Audit and Compliance Personnel / Risk Managers
Speakers Profile
Donna K Olheiser, AAP, is the Vice
President of Education Services and founder for Dynamic Mastership, LLC. She is
an enthusiastic and energetic Certified Master Trainer with over 14 years’
experience. She has designed and facilitated over 150 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/deliver the material through a variety of
venues (webinars, tele-seminars, in-person workshops, including regional and
national conferences).
Donna is also an
experienced Project Manager managing education programs for organizations
processing electronic payments and developing personalized training programs
for financial institutions. Donna has over 23 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, Donna
spent 14 years in various departments with the Federal Reserve Bank of
Minneapolis and also holds the Accredited ACH Professional (AAP) designation
(achieved in 2004).
Donna’s 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.
Donna’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. If you have
not attended a session with Donna, you should add at least one session to your
“to-do list” in 2015, definitely worth your investment!
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