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Course Level :Basic
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Credits :1.5
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Instructional Method :Group Internet Based
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Pre-requisites :None
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Advance Preparation :None
The NACHA Operating Rules are always changing,
updates are currently in place due to the ongoing COVID-19 situation!
The ACH Network “user experience” can be
difficult, whether it’s the Receiver, the Originator, the ODFI, or the RDFI. Meaningful
Modernization is a new concept in the Nacha Operating Rules designed to take
the “difficult” out of ACH payments.
Standing
authorizations, subsequent authorizations, oral authorizations, what options
are there to a request for authorization are all a part of this new rule update
to simplify the user experience with ACH.
With modern
technologies, newer methods and channels make use of verbal interactions and
voice-related technologies can change the user experience with the ACH network.
Administrative burdens can be reduced by making returning unauthorized
transactions easier and less cumbersome by finding alternate ways to complete
and authenticate a WSUD (Written Statement of Unauthorized Debit).
This CPE webinar provides an overview
discussion on authorization requirements and processes with Meaningful
Modernization, oral authorization changes with new technologies in today’s
environment. Describing how administrative burdens for the participants in the
ACH network are changing with Meaningful Modernization will also be covered.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
, Dynamic Mastership, LLC
Donna founded Dynamic Mastership, LLC in December 2014 to utilize her 24+ years’ experience in the financial services industry, by sharing her passion for training financial institutions and organizations on the Rules and processes for electronic payments (with her specialty being ACH payments). She holds the Accredited ACH Professional (AAP) designation (achieved in 2004).
Donna’s experience before founding Dynamic Mastership, includes 9 years’ serving 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 with the Federal Reserve Bank of Minneapolis in various departments, where she started her training career as the Training and Development Specialist in 2003.
Donna is a certified Master Trainer who continually uses her extensive knowledge, experience, enthusiasm, and passion for transferring payment processing details, while using the adult learning theory is remarkable! Her training style has helped many payment professionals remain consistently informed of the NEW and ever-changing NACHA Operating Rules and explaining how the Rules apply when performing daily operational tasks including complex return and exception processing. She incorporates scenarios and examples in her detailed training, so the Rules are 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 have learned during and after each training session.
Scheduled webinar training sessions on various ACH operations processes by an Accredited ACH Professional (AAP). Also offering customized training programs tailored to your organization’s needs, specializing in ACH electronic payment processing, Reg E and Federal Government ACH processing, customer service soft skills, workflow efficiency, and more.
We offer online training webinars and courses, and have the ability to offer in-person workshops on-site at your facility (or locations near you in major cities) to maximize content deliverability and retention (subject to COVID-19 restrictions and CDC guidance).
Donna K Olheiser, AAP is an expert with years of experience on preparing an individual for sitting for the AAP Exam (administered by NACHA annually in October each year). We can help you prepare to successfully pass the AAP Exam.
Stay tuned for more details on an AAP Exam Prep Roadmap in 2021.
For personalized or individual training (for your organization or financial institution), please contact us today to learn more.
1 Ratings
LN
Feb 25th, 2022
Presentation was interesting and helpful.
1.5 Credits
Subject Area
Jul 01, 2022 | 10:00 AM EDT
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