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:
This is an in-depth exploration of the upcoming Nacha Operating Rules changes set to impact the ACH network in 2026. This series will cover:
- Phase 1: 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: 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?
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.
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:
This on-demand 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
The slides and recording access document will be available for download immediately via email upon purchase.
