ProBank ACH Processing And Compliance 2021 (C) | Professional Bank Services | 10 February 2021 | Live Seminar

This full-day seminar brings you information you need to keep on top of the latest changes in the field of ACH processing. Presented in an easy-to-understand, one-day format, this seminar reviews the basis and structure of all ACH processing - the NACHA Rules. This seminar includes discussion on both receiving and origination. Recent and upcoming changes to the Rules including Expanded Same Day ACH – Additional Same Day Processing Window, Reversals and Enforcement, Meaningful Modifications, Limitations on Warranty Claims, Differentiating Unauthorized Return Reasons, Supplementing Data Security Requirements, ACH Contact Registry, and Supplementing Fraud Detection Standards for WEB Debits, are discussed in detail. Recent proposed Rules changes including Account Information Improvements are reviewed. The annual expansion of and enhancements to the ACH “self-audit” are thoroughly discussed, and the federal ACH examination is highlighted.

Treasury’s Green Book - A Guide to Federal Government ACH Payments and Collections is discussed with a focus on the reclamation process, and Treasury’s triennial updates to 31 CFR 210 are reviewed. An update is also provided on Treasury’s ongoing efforts to expand direct deposit and the utilization of “Go Direct®”.

Compliance issues including OFAC impacts to ACH processing, suspicious activity reporting (SAR), the federal focus on ACH as part of the annual Bank Secrecy Act (BSA) examination efforts, and the standardization of the garnishment of exempt federal benefits payment processing, are all highlighted. Major areas of ACH risks are addressed, including methods and procedures to minimize risk exposure. This seminar provides attendees with the opportunity to network with other professionals interested in ACH processing and compliance.

2021 Presenter

Mark Dever
Senior Consultant, ProBank Austin