Details
September 10, 2015
1:00PM - 2:00PM
Same Day ACH—What Does It Mean to Your Financial Institution?
Three-part Webinar Series
September 10th, 17th & 22nd
Member pricing $349 (A Savings of $150) | Non-Member $998
The recently approved Same Day ACH rule presents significant change to all financial institutions and network participants. As you probably know from a recently attended webinar or the payments industry news, virtually all ACH transactions (except IAT) will be eligible for same-day processing and settlement. All RDFIs and their account holders along with participating ODFIs and their Originators will be affected by introducing same-day settlement for virtually any ACH payment.
This 3 part webinar series will delve much deeper into how exactly Moving Payments Faster- Same Day ACH will affect your financial institution, no matter how big or small you are. We will be providing:
- Implementation check lists
- FAQs
- Risk Management for both RDFIs & ODFIs
- New operational responsibilities
September 10th | Same Day ACH - Overview | 1:00 - 2:00 PM CST
Same Day ACH Overview, will take you deeper into the review of the Same Day ACH Rules and the overall impact to the industry. We will discuss communicating with executive staff about Same Day ACH along with reviewing business cases which could use the Same Day ACH Product, including your online account transfer and consumer bill pay products. The benefits and impacts of moving payments faster, along with an interbank fee discussion, will be covered in this session.
September 17th | Same Day ACH - ODFI | 1:00 - 2:00 PM CST
What you as an ODFI will need to be aware of before implementation and offering the Same Day ACH product to your originators. This session answers the question of “Why should we offer Same Day ACH”? In addition, implementation guidance, staff and client education, potential agreement modifications, and operational obligations will be discussed.
September 22nd | Same Day ACH - RDFI | 1:00 - 2:00 PM CST
What you as a RDFI need to be aware of when receiving these same day ACH entries. We will discuss why, by phase 3, RDFIs would be required to make available funds from Same-day ACH credits no later than 5:00 PM at the RDFI’s local time along with how this will affect your staffing. We will cover how and why your ACH policies and procedures will need to be updated and talk about communications with your processors to find out how and when the systems changes will go into effect.