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Course description

The ACH Rules are processing guidelines; they do not encompass every aspect of bank responsibility for ACH transactions. Failure to balance applicable laws, regulations and guidance can result in non-compliance, fines, reputational damage and even lawsuits.  

From contract law to UCC, this session defines applicable requirements and provides examples of how each applies. Participants will apply their new knowledge to provided situations using cases and polls. 

Participants will:

  • Identify laws, regulations and guidance applicable to ACH processing

·Document how requirements affect processing, liability and participant contracts

·Define appropriate requirement based on given situations or cases

·Record improvements to the bank’s processes and procedures 



NOTE: Attendees should have access to a copy of the 2020 NACHA Operating Rules and Guidelines for this course.


If you do not currently have a 2020 NACHA Operating Rules and Guidelines book, you can purchase one:

  1. Save 15% off the non-member rate for attending this course through NEACH. Contact Sandy Ortins at [email protected] or create a guest user profile at www.neach.org. Promo code RPPaymentsRisk
  2. Through your banks Regional Payments Association (if applicable)
  3. Order through NACHA at www.nacha.org 



Agenda:

  • Introduction 
  • Contract law
  • Legal framework of ACH
    • Define
    • Examples
  • Participants apply new knowledge to cases

WHO SHOULD ATTEND:

This informative session is designed as an introduction to the world of laws and regulations that impact ACH transactions from the ODFI and RDFI perspective. Any staff member new to this environment will benefit, including Operations, Branch Managers, Call Center personnel, Tellers, Customer Service representatives, Risk Managers, Compliance, Audit, Retail Managers, Trainers, Lenders, Legal Counsel, and Senior Management. 



Instructor(s)

Rayleen Pirnie

Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert. Her programs educate financial institutions and businesses on topics ranging from payments fraud to information security. She is the author of several payments risk and fraud blogs geared toward helping organizations recognize threats and protect themselves from loss.Always interested in Risk Management, Rayleen has supported many notable organizations over the years. She is a member of the International Association of Financial Crimes Investigators, supporting their training programs since 1998. She sat on NACHA’s Risk Management Advisory group for two terms, and assisted with FSISAC’s first CAPP exercise. For 16 years Rayleen has spoken at national and regional conferences. Recent events include NACHAs Payments Conference, the American Bankers Association Risk Management Forum, the Security Matters annual conference at Murray State University, the Risk Management Association, and the Federal Reserve Bank of Kansas City Risk Management Conference.

Course curriculum

  • 1

    Webinar

    • Access Webinar
  • 2

    Materials

    • Slides

    • OFAC Framework

Reviews

5 star rating

ACH 201 Rule, Reg and Laws

Maru Gonzalez

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