Same Day credits are already here - this 90-minute session will focus on when debits are added, and the impact this may have on ACH Processing. According to the NACHA data, Same Day ACH was responsible for more than 13 million credit transactions, combined value totaled nearly $17 billion, in its just over three months of its operation. $43.7 trillion was transferred over the ACH Network last year and Same-day Direct Deposits made up 52 percent of Same Day ACH volume. Currently NACHA has enabled ACH Originators that desire same day processing the option to send same day ACH transactions to accounts at any Receiving Depository Financial Institution (RDFI).
Offering Same Day ACH products and services is optional for ODFIs. Whereas the Receipt of Same Day Entries is not optional for RDFIs. Few of the impacts discussed would be:
Session strives to be interactive with loads use examples and scenarios. Some of the scenarios/use cases discussed would cover:
As the RDFI are you prepared to answer questions from account holders due to overdrafts that may result from Same Day debits? This session will use examples and scenarios to help identify how Same Day debits will change the way payments are originated, received and returned.
From September 15, 2017, Phase 2, where implementation date - includes both credits and debits with funds availability at end of RDFI's processing day. This bring in loads of other scenarios, rules for return entries, effective entry date and its importance, Settlement date based on processing date and its deadlines etc. Are you ready for it?
Why should you attend?
This session will outline different transactions affected by Phase 2, ex - Debit origination, Bill Pay, ACH Cards, and on-line debit payments. It will also explain how the Originator and Receiver of these types of debit payments will be affected.
Who will benefit?
This webcast will be of a valuable assistance to the below audience.
Donnas 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 processing. Donna's ability to engage the learner through the entire training event
NACHA data, Same Day ACH Debits, Same-day Direct Deposits, NACHA, ACH Network, Bill Pay, ACH Cards, ACH Processing, ACH, RDFI, AAP's, emergency payrolls, Same-day payrolls, Expedited bill payments, Debit Returns, ACH Transactions, ACH Form, ACH Return Process, Unauthorized Entries
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