Recent updates to the Nacha Operating Rules are further clarifying the Roles and Responsibilities of Third-Party Senders (TPSs) who use the ACH network. The 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 session will help the attendee to 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 are 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.
Key points surrounding TPS Roles and Responsibilities and what they mean to the participants in the ACH Network will be detailed. In this session, the trainer will:
This session will help the attendee to 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 are 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.
Key points surrounding TPS Roles and Responsibilities and what they mean to the participants in the ACH Network will be detailed. In this session, the trainer will:
Donna K Olheiser
Donna K Olheiser, AAP, is the vice president of Education Services and founder of Dynamic Mastership, LLC. Donna is an enthusiastic and energetic Certified Master Trainer with over 14 years’ 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 specifically ACH electronic payments, then scheduling the training events to facilitate/deliver the material through a variety of venues (webinars, teleseminars, in-person workshops, including regional and national conferences). Donna has over 24 years of experience in the financial services industry which includes 9 years’ experience …
Effective Communication Skills It’s Not What You Say, But H…
Trust in Leadership: Building and Maintaining Trust as a Le…
2026 Handbook Overhaul: Navigating Critical Updates! Does t…
Mastering Performance Management: Strategies for Continuous…
From Concept to Creation: Strategies for Cultivating Workpl…
2025 EEOC & Employers: Investigating Claims of Harassment …
How to Reduce Human Error in a GMP Manufacturing Floor
The Importance of the first 5 seconds when presenting
Trump’s Executive Orders on DEI and Disparate Impact, and t…
How Accountants Can Use Chat GPT Effectively
Project Management for administrative professionals
Pivot tables beginner to advanced + 20 advanced Pivot table…
The OBBBA Era & Beyond: Your 2025 Playbook for Compliance a…
Changing Behavior: Why Rewards and Punishments Often Aren't…
Launch Your Career: The Ultimate Guide for Emerging Profess…
ChatGPT Unlocked: A Beginner’s Guide to AI and ChatGPT
Managing Toxic & Other Employees Who Have Attitude Issues
Employee Handbooks: 2025 Critical Issues
ChatGPT and Project Management: Leveraging AI for Project M…
How to Write Contracts for Procurement Professionals
Retention Starts Here: Stop Losing Your Critical Talent and…
6-Hour Virtual Boot Camp on Microsoft Power BI