Details
 

April 8, 2015
8:30AM - 12:30PM

ODFI Risk & Compliance (Parts 1 & 2)

Baton Rouge, LA

Do you fully understand the roles and responsibilities of the Originating Depository Financial Institution (OFDI)? Are your processes and procedures to onboard Originators in compliance with the Nacha Operating Rules? Do you know which Nacha Operating Rules your Originators must know to be in compliance and what their audit requirements are?

These workshops will navigate you through the ACH network specifically from the origination perspective. Understanding the warranties and liabilities and risk of the ODFI will help you make the right decisions as you establish relationships with originating companies.

During these two sessions, you will learn about:

  • The basics of the ACH network
  • ODFI obligations and warranties
  • Origination risk
  • Definitions of Third-Parties
  • Risks associated with Third-Parties
  • Audit requirements of Third-Parties
  • The need for ACH Rules compliance
  • Originator Education of annual Nacha Operating Rule changes
  • The ACH Security Framework
  • Corporate Account Takeover mitigation techniques
  • Standard Entry Class (SEC) codes, authorization requirements and time frames
    • How to reduce risk by gaining:
      • An understanding of the different types of risk
      • What the Originator Agreement must cover
      • Comprehension of what exposure limits are and why they are needed
      • Knowledge of the criteria needed to evaluate your originators and set appropriate Exposure Limits
      • Procedures to review exposure limits
      • Information on handling over-limit file activity
    • Types of agreements needed

4.5 AAP Continuing Education Credits Each Session

Registration Fees:
Both Sessions:
Members: $230 per Single Registrant
Discount:  2 or more Registrants $210

Others: $500 per Registrant
Discount:  2 or more Registrants $470

Part 1 - April 8
Part 2 - April 15
Best Western Richmond Suites
2683 Energy Drive
Baton Rouge, LA 70808

Click here to Register Online!

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Add to Calendar aCLuDhaqizCaPxAftmqF167204 04/08/2015 08:30 AM 04/08/2015 12:30 PM false ODFI Risk & Compliance (Parts 1 & 2) Do you fully understand the roles and responsibilities of the Originating Depository Financial Institution (OFDI)? Are your processes and procedures to onboard Originators in compliance with the Nacha Operating Rules? Do you know which Nacha Operating Rules your Originators must know to be in compliance and what their audit requirements are? These workshops will navigate you through the ACH network specifically from the origination perspective. Understanding the warranties and liabilities and risk of the ODFI will help you make the right decisions as you establish relationships with originating companies. During these two sessions, you will learn about: The basics of the ACH network ODFI obligations and warranties Origination risk Definitions of Third-Parties Risks associated with Third-Parties Audit requirements of Third-Parties The need for ACH Rules compliance Originator Education of annual Nacha Operating Rule changes The ACH Security Framework Corporate Account Takeover mitigation techniques Standard Entry Class (SEC) codes, authorization requirements and time frames How to reduce risk by gaining: An understanding of the different types of risk What the Originator Agreement must cover Comprehension of what exposure limits are and why they are needed Knowledge of the criteria needed to evaluate your originators and set appropriate Exposure Limits Procedures to review exposure limits Information on handling over-limit file activity Types of agreements needed 4.5 AAP Continuing Education Credits Each Session Registration Fees:Both Sessions:Members: $230 per Single RegistrantDiscount:  2 or more Registrants $210 Others: $500 per RegistrantDiscount:  2 or more Registrants $470 Part 1 - April 8Part 2 - April 15 Best Western Richmond Suites2683 Energy DriveBaton Rouge, LA 70808 Click here to Register Online! Baton Rouge, LA