The Impacts of Same Day ACH on ARC, BOC, POP, TEL & WEB Debit Entries

Why Should You Attend:

Same Day ACH Debit Entries become effective September 15, 2017. This can change the way certain debit Entries are processed, such as check conversion Entries, ARC (Accounts Receivable Entries), BOC (Back Office Conversion), and POP (Point-of-Purchase). In addition, authorized WEB and TEL Entries may be affected from the Originator standpoint and the proper use of the Effective Entry Date.

As the Consumer Financial Protection Bureau (CFPB) commented, “same day ACH may help alleviate some of the challenges consumers face today in trying to forecast when various types of credit and debit payments will post to their accounts and the complications - such as overdrawn balances, non-sufficient balances for subsequent payments, and fees - that can arise from such uncertainty.”

Learning Objectives:

• Identify the importance of (checking and correcting) the Effective Entry Dates in ACH transactions they originate, even those that do not intend to make use of same-day debits.
• Provide tips on how Originators using same-day ACH debits on reviewing their authorization language to ensure that the terms are clear and readily understandable regarding the timing of such debits.
• Define the responsibility of ODFIs and educating Originators on the use of the “correct Effective Entry Date” to avoid fees for Same Day Debit Entries when that is not the intention for the Originator.
• List the different types of companies and organizations who would benefit from Same Day ACH Debit Entries

Areas Covered in the Webinar:

• How an Originator of Check Conversion Entries can benefit from Same Day ACH Debits when processing these types of Entries
• Tips for the ODFI when educating the Originator to prevent inadvertent Same Day Debits by checking and verifying correct use of the Effective Entry Date
• What type of companies or organizations would “want” to start using check conversion to take advantage of “faster (Same Day) clearing” of the authorized Debit transactions
• Provide suggestions for authorization requirements (changes) due to possible Same Day ACH Debit Entries such as WEB and TEL
• Examples of how these Entries (WEB and TEL) will affect the Receiver if the Originator starts using Same Day “debit” capabilities starting in September 2017
• How check conversion Entries such as ARC, BOC and POP could affect the Receivers account “on the Same Day” they write the check ad how the RDFI can help the Receiver with understanding what this means to their account

Who Will Benefit:

• ACH Operations staff
• Third-Party Payment Processors
• Third-Party Senders
• ACH Managers
• Electronic Payments Professionals
• AAP’s – keeping up with changes in ACH Rules and wanting to earn AAP Continuing Education Credits
• Company / Business Owners (Originators)
• Banking Managers/ Supervisors
• Third-Party Service Providers
• Audit and Compliance Personnel / Risk Managers
• Companies who process either check conversion (ARC, BOC and POP) and/or WEB and TEL Entries
• Anyone who wishes to enhance their knowledge of the new rules

Donna K Olheiser
VP of Education, Dynamic Mastership

Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. She is an enthusiastic and energetic Certified Master Trainer with over 14 years’ experience. She has designed and facilitated over 150 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/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Ms. Olheiser is also an experienced project manager managing education programs for organizations processing electronic payments and developing personalized training programs for financial institutions.

She has over 24 years of experience in the financial services industry which includes 9 years’ 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 and also holds the Accredited ACH Professional (AAP) designation (achieved in 2004).

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.

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