Section 2.1 of the NACHA Operating Rules stipulates:
an ODFI [Originating Depository Financial Institution] is responsible for its Originators and Third-Party Senders and compliance with the Rules.
However, the Rules are silent on how this should be done. This webinar focuses on effective ways the ODFI can meet this obligation. The session reviews warranties and indemnities provided by the ODFI for entries originated on its routing transit number, requirements for an ACH origination program, as well as obligations of the originator.
Understand the onus placed on ODFIs to ensure compliance with the ACH Rules by their originators and ways to meet this obligation.
Please join John Cogdill, AAP, for this informative session on how to effectively train your new and existing ACH originators.
WHAT YOU'LL LEARN
Just a sampling of what this webinar will cover:
- Understand warranties and indemnities provided by an ODFI
- Understand an ODFIâ€™s responsibilities to Originators
- Understand Originatorsâ€™ responsibilities when initiating ACH entries
- Identify ways to provide training to new and existing Originators for ACH Rules changes
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for "Training New and Existing ACH Originators" is John Cogdill, AAP. John is a payments education specialist for ePayResources and assists with the development and delivery of ePayResources professional training. He is an active staff member for ePayResourcesâ€™ exclusive Payments Answerlineâ„¢ where he supports members in resolving their payments related questions. Currently, John leads the ePayResources education committee which helps develop seminars, teleseminars, and webinars for other participants within the payments industry. As former director of member relations, John served as primary contact for the Member Relations & Services Team and oversaw the fraud and FBI day programs. He also supported membership needs by providing information regarding various products/services and spoke on various payments, fraud and risk management topics.
Prior to joining ePayResources in 2014, John has worked with community financial institutions and has held numerous positions within the financial industry. His primary focus was with treasury/cash management, risk management & assessments, audit organization, operations of payment systems and ATM network administration. He also served as a member of an Operational Risk Committee, which oversaw and monitored risk of commercial ACH originators. John attained his Accredited ACH Professional (AAP) designation from NACHA in 2011.
A native-New Mexican, he attended New Mexico State University where he earned a bachelor degree in general business & HR management, with minors in marketing and business management. He also acquired an associate degree in digital graphics technology and website design from the Dona Ana Community College.