Impact of Same Day ACH Debits starting September 2017

         Same Day debits are here NOW! Focus being on the debits, and the impact this will have on ACH Processing - for example, when a consumer pays their credit card bill online with the card issuer, uses an "ACH Card" (a card issued by a 3rd party and tied to a consumer checking account; i.e. Target Debit Card), or authorizes a debit to their account. The card-holder is accustomed to "next-day" debits - but NOW, it can be the Same Day! This is Phase 2 (September 2017) depending on the time of day when I use my ACH Card, and when the company processes the payments, this debit could hit my account today (Same Day)? How do we educate the Receiver? - To know their account transactions could be changing!

         What if Receiver's account is negative due to a Same Day Debit? The RDFI returning the entry - what's their process, to send in an earlier window on the Same Day as settlement, for earlier settlement?

         This session will outline different transactions affected by Phase 2, ex - Debit origination, Bill Pay, ACH Cards, and on-line debit payments. It will also explain how the Originator and Receiver of these types of debit payments will be affected.

         This 90-minute session will focus on how when debits are added, and the impact this may have on ACH Processing - for the Originator and the Receiver. (The billing game – online or phone debit payment authorizations, and ACH Cards) - The Originator can collect their money same day with the Same Day fee for each Entry. On the Receiver side, If I authorize a payment today, or use the ACH card today, the earliest it can debit my account is tomorrow, debits are next day...Fast Forward to Phase 2 (September 2017) depending on timing, and when the company processes the payments, this debit could hit my account today (Same Day)?

         This process changes the way Originators will process debits, can send Same Day and receive the money sooner and the Receiver, their account could be debited the Same Day they authorize the payment. As the RDFI are you prepared to answer questions from account holders due to overdrafts that may result from Same Day debits? This session will use examples and scenarios to help identify how Same Day debits will change the way payments are originated, received and returned.

• How Same Day debits will affect the different participants in the ACH network (i.e. Originator and Receiver)
• Using Same Day features to do Returns without paying the Same Day fee of 5.2 cents
• What does the addition of Same Day debits mean to your daily processing and procedures for the RDFI and ODFI
• How the Originator can benefit from Same Day ACH debits and how authorization requirements may be affected
• The importance of preventing accidental Same Day debits by knowing how Effective Entry Date affects the Entry
• With the availability of debit Entries that are Same Day - how the RDFI needs to look at their exception processing

• Describe how Debit Same Day ACH Entries are processed in the new environment starting Sept 2017
• Outline the benefits for the Originator to utilize Same Day ACH for their debit processing
• Define the Return process that is available Same Day without paying the 5.2 cent Same Day fee
• Identify the different types of debit transactions that can benefit from Same Day processing
• Describe how the Receiver could be affected by the Same Day debit transactions
• Illustrate how the RDFI can help the Receiver understand how their accounts can be affected by Same Day debits

This webcast will be of a valuable assistance to the below audience.

• Third-Party Payment Processors
• ACH operations staff
• Compliance officer
• ACH managers
• aspiring AAP's (Accredited ACH Professional)
• Electronic Payments Professionals
• Third-Party Senders
• Third-Party Payment Processors

• Financial Institutions (banks and credit unions)
• Originators and Payment Processors
• ACH Card Issuers (i.e. Target, Shell Stations, Kwik Trip)