Meaningful Modernization – Changes to ACH Payments

Course Description
Course Qualification
Presenter
FAQ

Course Description

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.

Learning Objectives

To discuss key points surrounding Meaningful Modernization.
To analyze what Meaningful Modernization means to the participants in the ACH Network.
To explain Standing Authorization.
To explain Subsequent Authorization requirements and flexibility for the Originator.
To analyze how using the same formats/methods permissible for obtaining a consumer debit authorization is permissible for obtaining a consumer’s statement of unauthorized debit.
To discuss the adoption of new technologies and channels for the authorization and initiation of ACH payments.

Recommended For

This Online CPE webinar is recommended for CPAs, CMAs, CRMAs, CIAs, IAPs, QIALs, CFEs, CEOs, Accountants, CFOs, Business Owners, Business Managers, Financial Institution Professionals, Banking Operations Managers and Staff, and Other individuals who want to understand meaningful modernization and the changes to ACH payments.

Who Should Attend?

Certified Management Accountant (CMA)
CPA (Industry)
CPA - Mid Size Firm
CPA - Small Firm
Young CPA

Course Qualification

Webinar Qualifies For

1.5 CPE Credit for Certification in Risk Management Assurance (CRMA)
1.5 CPE Credit for Certified Fraud Examiner (CFE)
1.5 CPE Credit for Certified Internal Auditors (CIA)
1.5 CPE Credit of Business Law for Certified Management Accountants (CMA)
1.5 CPE Credit of Business Law for Certified Public Accountants (CPA-US)
1.5 CPE Credit for Internal Audit Practitioner (IAP)
1.5 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
1.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
1.5 CE Credit for Certified Wealth Strategist (CWS)
1.5 General Credit for Accountant/Bookeeper

Additional details

Course Level :

Basic
Credits :

1.5
Instructional Method :

Group Internet Based
Pre-requisites :

None
Advance Preparation :

None

NASBA APPROVED

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.

Presenter

About Presenter

Donna Olheiser

, 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.

About Company

Dynamic Mastership, LLC

www.dynamicmastership.com/

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.

Faq

FAQs content

To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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