NEW Nacha Operating Rules Changes for 2024 PLUS insight into 2026 Changes

Credit(s)

IRS CPE Credits: 2 Tax hour

In the fast-paced world of ACH operations, staying compliant with the Nacha Operating Rules is crucial for every participant in the ACH Network. With new updates rolling out, including "minor" Rules changes effective June 21, 2024, and significant Risk Management topics coming into effect on October 1, 2024, it's essential to be informed and prepared. Failure to stay updated could result in non-compliance, operational inefficiencies, and an increased risk of fraud.

This webinar by industry expert speaker, Donna K Olheiser, AAP is designed to equip you with the knowledge and tools needed to navigate these changes seamlessly. Donna will dive deep into the minor Rules changes that, while not drastically altering your operations, are essential for maintaining compliance. Additionally, we’ll cover critical Risk Management topics that will directly impact your processes, including expanded Return Reason Codes, updates to funds availability exceptions, and changes to handling unauthorized transactions.

Why This Topic Matters?

Remaining compliant with the Nacha Operating Rules isn't just a best practice—it's a necessity. The upcoming changes, while termed "minor," carry significant implications for your operations. Moreover, the Risk Management updates are pivotal in safeguarding your organization against fraud. By attending this webinar, you’ll ensure that your ACH operations are aligned with the latest standards and prepared for future shifts, including those slated for 2026.

NEW changes to the Nacha Operating Rules include "minor" Rules changes - effective June 21, 2024 (no major impact on operations but a must know to remain in compliance - by knowing the things they are clarifying in the minor Rule change topics). 

In addition, Risk Management Topics - effective Oct 1, 2024 (covering topics that were proposed before but now really happening) - such as "Expanded use of Return Reason Codes R06 and R17"; "funds availability exceptions" and "Unauthorized Return changes for the RDFI with timing of the WSUD and returning the unauthorized transaction".

This will include detailed information on Operations Bulletins #1 & #2 – issued by Nacha in July 2024.  Finally, a high-level view of changes taking place in 2026 will be part of this information-packed webinar!

Webinar Objectives

Our goal is to ensure that every participant in the ACH Network is fully informed and prepared for the upcoming changes. You'll learn about the new Rules, their impact on your operations, and how to implement necessary adjustments to stay compliant. We'll also explore the broader implications of these changes on fraud prevention and fund recovery, ensuring that your organization is protected

Webinar Agenda

• Define minor topic changes to the Nacha Operating Rules that have little impact to operations, but still a NEED to KNOW!
• Identify the changes to the Nacha Operating Rules intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after the frauds have occurred.
• Discussion on expansion of Return Reason Codes R06 and R17
• Updates to the WSUD and the timing for the RDFI to Return an Unauthorized Transaction
• Details on updates to Funds Availability Exceptions
• Information specifics on Operations Bulletins #1 & #2 – released by Nacha in July 2024
• Overview on upcoming changes to the Rules in 2026

Webinar Highlights

Each participant in the ACH Network is required to follow the Nacha Operating Rules and be compliant. 

Minor topics changes included within these updated Rules:

•  General Rule for WEB Entries
•  Definitions of Originator
•  Originator Action on Notification of Change
•  Data Security Requirements
•  Use of Prenotification Entries
•  Clarification of Terminology – Subsequent Entries

These minor changes will become effective June 21, 2024

PLUS -- Effective on Oct 1, 2024, are Rules changes as part of a larger Risk Management package intended to reduce the incidence of successful fraud attempts and improve the recovery of funds after frauds have occurred. Included in this portion of the Risk Management Rule amendments are:

•  Codifying Expanded Use of Return Reason Code R17
•  Expanded Use of ODFI Request for Return/R06
•  Additional Funds Availability Exceptions
•  Timing of Written Statement of Unauthorized Debit, and
•  RDFI Must Promptly Return Unauthorized Debit

Includes a high-level overview of changes coming in 2026.

Who Should Attend

• Financial Institution Professionals (New/Current Operations Staff)
• Third-Party Processors (who process ACH transactions)
• Originating Companies (who process ACH transactions)
• Banking Operations Managers and Staff
• Compliance and Risk Professionals
• Treasury Management Professionals
• Aspiring and Current AAPs (Accredited ACH Professionals)
• Banking Managers/ Supervisors
• Audit and Compliance Personnel / Risk Managers