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Learn what a Third-Party Sender (TPS) is and how this impacts you as a participant in the ACH Network (as an ODFI or TPS). Attend this training session to help identify and determine if you have a Third-Party Sender relationship.

If there is a relationship, the discussion will include the initial and basic information (details) needed for registration of that Third-Party Seder with NACHA.

The ODFI is responsible for the registration process for any Third-Party Senders and nested TPS; registration is also necessary even if there is no TPS relationship.

Why should you Attend

A NEW Rule was recently approved and will require Originating Depository Financial Institutions (ODFIs) to identify and register their Third-Party Sender customers with NACHA. (If there is no TPS relationship, the ODFI will still be responsible for registering the no TPS with NACHA).

The registration process will promote consistent customer due diligence among all ODFIs, and serve as a tool to support NACHA's continuing efforts to maintain ACH Network quality.

In order to understand the impact, this will make on the different participants (specifically Third Parties) - we need to identify the "Third-Party Sender"- extremely detailed examples will be used to help with this identification (due diligence) process.

Areas Covered in the Session

Defining what a Third-Party Sender is and how this impacts the ODFI
How to identify and determine if You have a Third-Party Sender Relationship
Information about your Third-Party Sender needed for registration
Tips for the ODFI to examine their ACH files to determine if they have a "nested"TPS
The timing for the ODFI to be in compliance with new Registration Rule
Process for the ODFI if they "do NOT"have a Third-Party Sender Relationship

Learning Objectives

  • Identify ways in which the ODFI can perform due diligence to determine "if"they have a Third-Party Sender relationship
  • Outline details on how to determine if there is a "nested"Third-Party Sender
  • Provide the implementation period, provided by NACHA to submit initial registration information, or to provide statements that the ODFIs have no Third-Party Sender customers
  • Outline timeframe that ODFIs will have to register their Third-Party Sender customers
  • Define the requirements for the ODFI to provide a limited set of initial, basic registration information for each Third-Party Sender
  • Describe additional registration requirements upon NACHA's request

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
  • Anyone who wishes to enhance their knowledge of the new rules Company / Business Owners (Originators)
  • Banking Managers/ Supervisors
  • Third-Party Service Providers
  • Audit and Compliance Personnel / Risk Managers

Speaker Profile

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’ 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/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.