Join the Payments Professor for an insightful webinar focused on Nacha's latest risk management rules which are set to roll out from 2024 to 2026. This webinar will cover key ACH rule updates, including Return Reason Code R17 for suspicious payments, ODFI Request for Return guidelines, funds availability exceptions for suspected fraud, and the timing of WSUDs for faster resolution of unauthorized debits.

Learn how to implement detection processes and stay compliant with standardized company entry descriptions for transactions like "PAYROLL" and "PURCHASE." With FAQs and practical insights, this webinar offers actionable takeaways to help you effectively adapt and strengthen your ACH risk management strategy.

This session is essential for financial professionals involved in ACH transactions, fraud prevention, and risk management. Through FAQs and practical insights, attendees will receive actionable guidance on adapting to these changes and maintaining compliance. The session is intended to provide the knowledge needed to stay ahead of emerging risks and protect your organization effectively.What You'll Learn:

• Introduction to Nacha's New Risk Management Rules
  
• Gain a foundational understanding of the new rules and their significance in enhancing the security of ACH transactions
  
• Key Risk Management Topics (Effective October 1, 2024)
  
• Return Reason Code R17: Learn the proper use of R17 for returning suspicious payments
  
• ODFI Request for Return/R06: Understand the expanded guidelines for requesting returns to improve fund recovery
  
• Funds Availability Exceptions: Explore new exceptions allowing RDFIs to delay funds availability for suspected fraud
  
• Timing of WSUD: Discover how the updated rules facilitate quicker action on unauthorized debits
  
• Industry Impact of New Risk Management Rules
  
• Analyze how these new rules will affect stakeholders across the ACH network and how to effectively adapt to these changes
  
• Fraud Monitoring Topics (Phase 1, Effective March 20, 2026)
  
• Dive into the new fraud monitoring requirements for ODFIs, TPSPs, and RDFIs to learn how to establish detection processes
  
• New Company Entry Descriptions
  
• Understand the implementation of standardized transaction descriptions like "PAYROLL" and "PURCHASE" for better monitoring and fraud detection
  
• FAQs and Practical Insights
  
• Get answers to common questions about the new rules and learn best practices for compliance and risk management