Same Day ACH (SDA) was rolled out in three phases from September 2016 to March 2018, giving Originators and ODFIs a way to have payments sent and settled within one day, for a small fee. Amendments to the Nacha Operating Rules then expanded it with a third processing window and raised the limit on a single SDA entry from $25,000 to $100,000.
This 90-minute webinar explains these Same Day ACH amendments and what they mean for Originators, ODFIs and RDFIs. You'll cover the timing of the third window, the procedures and rules compliance it requires, the opportunities a higher dollar limit creates, especially for B2B payments, and faster funds availability for both SDA and non-SDA credit entries.
WHY SHOULD YOU ATTEND?
The changes affect every ACH participant, from how RDFIs make SDA credits available for withdrawal by 5:00 local RDFI time to how exception processing works. The session also shows how financial institutions can offer the expanded service to business customers.
It suits ACH and electronic payments professionals, AAPs, third-party processors, senders and service providers, banking managers, business Originators, and audit, compliance and risk staff.
AREA COVERED
- Timing for adding the third SDA processing window
- Impacts of the SDA expansion on each participant
- Opportunities created by the higher dollar limit for a single SDA entry
- Procedures and rules compliance for the additional processing window
- Timing for RDFIs under faster funds availability for SDA and non-SDA entries
- Potential impact on exception processing
LEARNING OBJECTIVES
- Explain the amendments to Same Day ACH
- Describe the benefits of the third processing window for Originators and ODFIs
- Assess the impact on RDFIs receiving SDA transactions in the third window
- Apply the faster funds availability rules for credit entries
- Identify uses for the higher single-entry dollar limit
- Anticipate changes to exception processing
WHO WILL BENEFIT?
ACH Operations staffThird-Party Payment ProcessorsThird-Party SendersACH ManagersElectronic Payments ProfessionalsAAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education CreditsAnyone who wishes to enhance their knowledge of the new rulesCompany / Business Owners (Originators)Banking Managers/ SupervisorsThird-Party Service ProvidersAudit and Compliance Personnel / Risk Managers
The changes affect every ACH participant, from how RDFIs make SDA credits available for withdrawal by 5:00 local RDFI time to how exception processing works. The session also shows how financial institutions can offer the expanded service to business customers.
It suits ACH and electronic payments professionals, AAPs, third-party processors, senders and service providers, banking managers, business Originators, and audit, compliance and risk staff.
- Timing for adding the third SDA processing window
- Impacts of the SDA expansion on each participant
- Opportunities created by the higher dollar limit for a single SDA entry
- Procedures and rules compliance for the additional processing window
- Timing for RDFIs under faster funds availability for SDA and non-SDA entries
- Potential impact on exception processing
- Explain the amendments to Same Day ACH
- Describe the benefits of the third processing window for Originators and ODFIs
- Assess the impact on RDFIs receiving SDA transactions in the third window
- Apply the faster funds availability rules for credit entries
- Identify uses for the higher single-entry dollar limit
- Anticipate changes to exception processing
ACH Operations staffThird-Party Payment ProcessorsThird-Party SendersACH ManagersElectronic Payments ProfessionalsAAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education CreditsAnyone who wishes to enhance their knowledge of the new rulesCompany / Business Owners (Originators)Banking Managers/ SupervisorsThird-Party Service ProvidersAudit and Compliance Personnel / Risk Managers
Speaker Profile
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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