ACH Policies and Procedures - 2 Part Series

Keeping current with ACH-related requirements can be a challenge. Regulators at both state and federal levels may require board-approved policies to define the scope, strategy, and risk tolerance of an organization’s ACH service. Good procedures can reduce your exposure to risk. This two-part webinar series will put you on a path to developing your own ACH policies and procedures.

• Understanding the ACH Network:  Explore the fundamentals of ACH, including different transaction types (credits, debits),  settlement processes, and the roles of Originating Depository Financial Institutions (ODFIs) and Receiving Depository Financial Institutions (RDFIs).
• Navigating the Regulatory Landscape:  Delve into the key federal regulations governing ACH transactions (Regulation E, NACHA Operating Rules), and discuss how to ensure your policies and procedures maintain compliance.
• Identifying and Mitigating ACH Risks: Learn about common risks associated with ACH transactions, such as unauthorized debits, fraudulent activity, and data security breaches. Discover strategies to minimize these risks through robust controls and procedures.
• Developing Comprehensive ACH Policies:  Gain practical guidance on crafting clear and concise ACH policies that address key areas like authorization, transaction limits, error resolution, and account reconciliation.
• Building Effective ACH Procedures:  Translate your policies into actionable procedures.  Learn how to establish efficient workflows for originating and receiving ACH transactions, including  verification, processing, and record-keeping.
• Implementing and Maintaining Your Program:  Get tips on training staff,  communicating policies to customers, and establishing ongoing monitoring and auditing processes to ensure your ACH program remains effective and compliant.
• Real-World Case Studies:Analyze real-life examples of ACH successes and failures to understand best practices and potential pitfalls in managing ACH transactions.

This two-part ACH Policies and Procedures webinar series will put you on the path to developing your own policies and procedures documents.