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Showing posts with the label nacha compliance

New ACH Contact Registry – Know the Impacts!

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OVERVIEW This newly approved change to the NACHA Operating Rules , enables the creation of a valuable resource (created by  NACHA ) with adding the requirement for all financial institutions (who participate in the ACH network) to register  “contact information”   with NACHA. This contact information, when entered on the NACHA website, will be available for all other registered ACH financial institutions, ACH Operators, NACHA, and Payments Associations, for ACH operational, fraud, and risk management issues in the Network  (examples are: proof of authorizations, duplicates, erroneous payments, ACH-related system outages, fraudulent payments and reversals, plus other issues). The “contact details” entered will be for use only by the parties who register, for their own, internal use and limited to ACH purposes, as mentioned. WHY SHOULD YOU ATTEND With this newly approved amendment, beginning July 2020, all ACH participants (ODFI and RDFI) will be require...

Donna K Olheiser | Payment Processing Expert | Training Doyens

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Donna K Olheiser Donna K Olheiser  VP of Education at Dynamic Mastership Years of Experience:  34+ years Areas of Expertise:  Payment Processing Donna K Olheiser , AAP, is the  vice president  of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years' training experience. She has designed and facilitated over 100 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 and deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Her 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 ...