NEW Nacha Rule - Third-Party Sender (TPS) Roles and Responsibilities

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May 24, 2022 || 01:00 PM ET / 12:00 PM PT
90 Mins
Webinar ID

6 Days Left Register

Recent updates to the Nacha Operating Rules are further clarifying the Roles and Responsibilities for Third-Party Senders (TPSs) who use the ACH network. Purpose of the update is to explicitly identify the use of not just TPSs but also "nested" TPS.

The update is also addressing the requirement that a TPS conduct a Risk Assessment.

Both Rules become effective Sept 30, 2022, with a 6-month grace period for certain aspects of each Rule.

This 90-minute session will address all the details.

Why Should You Attend

This session will help the attendee identify a Third-Party Sender (TPS) and a “nested” TPS. In addition, we will cover the details needed in the agreements between all parties and what parties based on their role. Discussion on the registration requirement for both the TPS and the nested TPS and what that means to the ODFI.

Details on what individual aspects of the Rules have a 6-month grace period and how this affects compliance with these two NEW Rule amendments.

Areas Covered in the Session 
Key points surrounding TPS Roles and Responsibilities and what it mean to the participants in the ACH Network will be detailed. In this session, the trainer will:
 » Define a Third-Party Sender (TPS)
 » Define a "nested" Third-Party Sender (TPS)
 » List details of agreement requirements between which parties and why this is necessary for compliance
 » Explain current TPS agreements in place and is re-papering required, guidance for moving forward
 » Identify an ACH Risk Assessment and its purpose
 » Outline who needs to do the ACH Risk Assessment based on this NEW Rule
 » Detail certain aspects of the Rule that have a 6-month grace period 

Who Will Benefit 
 » Bank operations staff
 » New employees in the payments industry
 » Bank managers and payment professionals
 » CEO's and CFO’s
 » Risk, Compliance, and Audit personnel
 » Aspiring AAP’s and current AAP’s for AAP CE Credits
 » Financial Institutions
 » Banking Professionals
 » Audit Persons
 » ACH operations staff
 » ACH Audit personnel


Donna K Olheiser

Donna K Olheiser, AAP,  is Keynote Speaker at Compliance key Inc and she is the vice president of Education Services and founder of Dynamic Mastership, LLC.;and holds the Accredited ACH Professional (AAP) designation (achieved in 2004).

She is an enthusiastic and energetic Certified Master Trainer with over 14 year's training experience. She has designed and facilitated over 100 training sessions each year with her expertise being the rules for companies and financial institutions when processing electronic (specifically ACH) payments, then scheduling the events to facilitate and deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). 

Her 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. Ms. Olheiser's ability to engage the learner through the entire training event helps the adult learner apply what they've learned during and after each training session.
Donna has over 24 years of experience in the financial services industry which includes 9 year's experience as the education service director at a Regional Payments Association (RPA), where she managed and facilitated the entire education program for nearly 800 financial institution members. Prior to that, Ms. Olheiser spent 14 years in various departments with the Federal Reserve Bank of Minneapolis.

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Live webinar

Donna K Olheiser

Vice President of Education & Founder Dynamic Mastership, LLC

May 24, 2022

Duration : 90 Min

01:00 PM ET / 12:00 PM PT

Webinar Id: 70103

Record webinar

Donna K Olheiser

Vice President of Education & Founder Dynamic Mastership, LLC

Duration : 90 Min

Webinar Id: 70072