Details
September 7, 2016
12:30PM - 2:00PM
Understanding the Third-Party Sender Registration Rule & What You Need to Know
Webinar
Member Price: $225 Non-Member Price: $325
Click here to Register Today!
A Nacha Operating Rules amendment has been adopted that requires every Originating Depository Financial Institution (ODFI) to either register its Third-Party Sender customer(s) with Nacha, or provide Nacha with a statement that it has no such customers. The Rule becomes effective September 2017.
Third parties play an important role in the ACH Network. A Third-Party Sender is a specific type of third party that perform distinct functions as an intermediary between an ODFI and Originator and acts on behalf of an Originator, or on behalf of another Third-Party Sender (in what is commonly referred to as a nested relationship). Recognizing the value that Third-Party Senders bring, balanced with the sometimes complex risks associated with their unique role, the new Rule benefits all who use the ACH Network.
You should attend this webinar to learn the value of the Rule and what it means for ODFIs — both with and without Third-Party Sender customers — and the industry as a whole.
Gain Insight & Understanding:
- How to determine whether you have a Third-Party Sender customer and what tools are available to help you do so;
- Specifics of the Rule: Who is covered, initial registration, supplemental registration and enforcement;
- Information required to register a Third-Party Sender;
- How the Rule benefits all ODFIs, and how it benefits all ACH participants by strengthening Network-level risk monitoring and management; and
- What to expect leading up to September 2017
Speakers:
Cari Conahan, AAP
Senior Director & Group Manager, ACH Network Rules & Enforcement, Nacha – The Electronic Payments Association
Wendy Wishon, AAP, NCP
Senior Vice President, EPCOR
Moderator:
Jeanette Fox, AAP
Senior Director, Risk Investigations & Research, Nacha – The Electronic Payments Association
AAPs are eligible to receive 1.8 AAP Continuing Education Credits for participating in this webinar event.