Recent updates to the Nacha Operating Rules are further clarifying the Roles and Responsibilities of Third-Party Senders (TPSs) who use the ACH network. The purpose of the update is to explicitly identify the use of not just TPSs but also “nested” TPS.
The update is also addressing the requirement that a TPS conduct a Risk Assessment.
Both Rules become effective Sept 30, 2022, with a 6-month grace period for certain aspects of each Rule.
This session will help the attendee to identify a Third-Party Sender (TPS) and a “nested” TPS. In addition, we will cover the details needed in the agreements between all parties and what parties are based on their role. Discussion on the registration requirement for both the TPS and the nested TPS and what that means to the ODFI.
Details on what individual aspects of the Rules have a 6-month grace period and how this affects compliance with these two NEW Rule amendments.
Key points surrounding TPS Roles and Responsibilities and what they mean to the participants in the ACH Network will be detailed. In this session, the trainer will:
This session will help the attendee to identify a Third-Party Sender (TPS) and a “nested” TPS. In addition, we will cover the details needed in the agreements between all parties and what parties are based on their role. Discussion on the registration requirement for both the TPS and the nested TPS and what that means to the ODFI.
Details on what individual aspects of the Rules have a 6-month grace period and how this affects compliance with these two NEW Rule amendments.
Key points surrounding TPS Roles and Responsibilities and what they mean to the participants in the ACH Network will be detailed. In this session, the trainer will:
Donna K Olheiser
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience …
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