Description:
Prepare for significant changes in ACH fraud management with our webinar on the new Nacha Operating Rules for 2026. Effective March 20, 2026, the first phase of amendments will introduce enhanced fraud monitoring requirements and standardized Company Entry Descriptions to bolster risk management and improve fund recovery post-fraud. The second phase, starting June 19, 2026, will extend these requirements to additional participants. Gain critical insights into these rule changes, including detailed information from Operations Bulletins #1 & #2, and ensure your organization is ready for compliance.
Overview:
Join us for an in-depth exploration of the upcoming Nacha Operating Rules changes set to impact the ACH network in 2026. This webinar will cover:
- Phase 1 (Effective March 20, 2026): New fraud monitoring requirements for Originators, Third-Party Service Providers (TPSP), Third-Party Senders (TPS), and ODFIs, along with ACH Credit Monitoring by RDFIs. Additionally, the standardization of Company Entry Descriptions (PAYROLL and PURCHASE) will help improve the management of ACH risk by making transaction purposes clearer.
- Phase 2 (Effective June 19, 2026): Expanded fraud monitoring and credit monitoring requirements for participants not covered in Phase 1.
Each phase is part of a broader Risk Management package aimed at reducing successful fraud attempts and enhancing fund recovery processes. Detailed information from Nacha’s July 2024 Operations Bulletins will also be reviewed.
Why Should You Attend?
Staying current with the latest Nacha Operating Rules is essential for compliance and risk management. The new amendments introduce critical changes to fraud monitoring and Company Entry Descriptions, affecting both ODFIs and RDFIs. Phase 1 and Phase 2 requirements will alter your ACH risk management processes significantly. Understanding these updates is crucial to ensure your organization meets compliance standards and effectively manages ACH-related risks. Register now to stay informed and prepared for the 2026 updates!
Areas Covered:
- Fraud Monitoring (Phase 1): Understanding the new requirements for ODFIs, Originators, TPSPs, and TPS, and the thresholds for ACH Credit Monitoring by RDFIs. We’ll discuss the concept of a “commercially reasonable fraud detection system” and the need for annual reviews of fraud monitoring processes.
- Standardization of Company Entry Descriptions: Guidelines for using the new PAYROLL and PURCHASE descriptions, their impact, and benefits.
- Fraud Monitoring (Phase 2): Requirements for additional participants not covered in Phase 1, including detailed explanations and examples to clarify the new rules.
This session will provide practical examples and detailed explanations to help you navigate these changes effectively.
Who Should Attend:
This session will be particularly useful for:
- Financial Institution Professionals (New/Current Ops Staff)
- Third-Party Processors
- Originating Companies
- Banking Operations Managers and Staff
- Compliance and Risk Professionals
- Treasury Management Professionals
- Aspiring and Current AAPs (Accredited ACH Professionals)
- Banking Managers/Supervisors
- Audit and Compliance Personnel/Risk Managers
Level: Intermediate to Advanced
Presenters:
Donna Olheiser, AAP
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ experience. She has over 23 years of experience in the financial services industry which includes 9 years’ experience 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, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004). Her extensive knowledge, enthusiasm, and passion for transferring payment processing knowledge using the adult learning theory is remarkable and has helped many payment professionals perform daily operational tasks including exception processing while remaining compliant with the NACHA Operating Rules. She uses scenarios and examples to bring the learning home, easy to comprehend and apply to real-life day-to-day ACH
December 3, 2024