Nacha rule update: What to know for 2024
During this webinar, we will discuss the current environment, the recent enhancements to the ACH network, and the rules that have been created or amended from Nacha. Also, we will review recent changes to the ACH rules and discuss upcoming changes that might impact your organization or specifically, your role.Areas CoveredThe foundation of ACH and NachaUnderstand the rules created by Nacha in 2023 and priorKnow the future of what Nacha is doing in 2024 and beyondOverview and backgroundCurrent environment FedNow updateNacha Operating RulesFuture changesRegulatory implicationsQ&AWho Should Attend ComplianceLegalRisk ManagementOperationsTechnologyWhy Should You Attend Due to the ever-changing regulatory landscape for financial institutions, rules and regulations keep changing or new ones are being added that address payments and back-office functionality. And 2023 was no exception. The ACH network continues to go through enhancements and Nacha continues to publish new or amended rules to go along with the technology enhancements. Nacha manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data in the United States, and is an association for the payments industry. The operating rules, enforced by Nacha, provide financial institutions with a framework to operate within.
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During this webinar, we will discuss the current environment, the recent enhancements to the ACH network, and the rules that have been created or amended from Nacha. Also, we will review recent changes to the ACH rules and discuss upcoming changes that might impact your organization or specifically, your role.
Areas Covered
- The foundation of ACH and Nacha
- Understand the rules created by Nacha in 2023 and prior
- Know the future of what Nacha is doing in 2024 and beyond
- Overview and background
- Current environment
- FedNow update
- Nacha Operating Rules
- Future changes
- Regulatory implications
- Q&A
Who Should Attend
- Compliance
- Legal
- Risk Management
- Operations
- Technology
Why Should You Attend
Due to the ever-changing regulatory landscape for financial institutions, rules and regulations keep changing or new ones are being added that address payments and back-office functionality. And 2023 was no exception. The ACH network continues to go through enhancements and Nacha continues to publish new or amended rules to go along with the technology enhancements.
Nacha manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data in the United States, and is an association for the payments industry. The operating rules, enforced by Nacha, provide financial institutions with a framework to operate within.