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Payments Pulse 11-14-2018

Payments Pulse
Payments Pulse, November 15, 2018
The Clearing House
Payments Pulse

Payments Industry News

Are Faster Payments only for the Biggest Banks?

Source: PaymentsSource.com

Citizens Bank Will Launch Real-Time Payments For Commercial Accounts in 2019

Source: Forbes.com

2019 ACH Rules Pre-Production Discounts

Don’t miss your chance to order at the lowest rates for 2019!

It’s important that you (and others in your organization) stay current with changes in the Automated Clearing House (ACH) payment system to ensure smooth and compliant operations.
Remember:
  • Every financial institution member will automatically receive one complimentary copy of the ACH Rule Book.
  • Save $4 on additional quantities for your staff and your corporate ACH Originators when you order by December 1st.
  • The ACH Operating Rules & Guidelines will be offered in one edition only. NACHA has eliminated the Corporate Edition and is moving to one complete edition for all ACH Participants.
  • The ACH Rules on CD have also been discontinued. Instead, you will be able to choose from the Rule Book, access code for the NACHAOperatingRulesOnline.org website, and Digital App.
Order via the TCHPA Store today!

ACH Rules Review On-Demand

Recorded Webinar - Just added!

If you were unable to join us last week for our live ACH Rules update webinar, we’ve got good news! The session was recorded and is now available to order on-demand. Meg Prieur, Education Specialist, presented an overview of the 2018 ACH Rule changes and those planned for 2019 and 2020, including:

4 Ballots passed for ACH Quality and Risk Management
  • Return for Questionable Transaction
  • Supplementing Fraud Detection Standards for WEB Debits
  • Supplementing Data Security Requirements
  • ACH Rules Compliance Audit Requirements

5 Ballots Passed for Minor Rules Topics
  • ACH Operator Edits
  • Clarification of TEL Authorization Requirements
  • Clarification of RDFI Obligation to Return Credit Entry Declined by Receiver
  • Editorial Clarification on Re-initiation of Return Entries
  • Editorial Clarification on RDFI Liability Upon Receipt of a Written Demand for Payment

Upcoming Education

NOV
16

A Faster Payments Fireside Chat

Webinar
No charge, members only
NOV
27

Trending Now Industry Update

Webinar topic: "I'll Take Payments Topics for $200, Alex."
No charge, members only
DEC
18

Regulation E: Preparing for the Prepaid Rule

NACHA Webinar
Register via TCHPA for significant savings

Who Wants to Be a Payments Pro?


Q. Name that ACH Risk! When one participant fails to settle an account, a chain reaction begins and the failure causes multiple parties not to settle accounts. Fraud and human error can be to blame, but typically bankruptcy or financial difficulties of a party that has an obligation to settle an account are the major causes.
  1. Credit risk
  2. Operational risk
  3. Fraud risk
  4. Systemic risk
Have a question for TCHPA? Call 800-875-2242 (choose option 3) or email education.services@theclearinghouse.org.

(The answer to the Payments Pro question in the last edition of Payments Pulse was D, 'All of the above'.)

A Faster Payments Fireside Chat

November 16, 2018 3:00-4:00pm ET

Join us for an informative discussion about faster payments. Amy Smith, Vice President and Executive Director of The Clearing House Payments Authority and Tim Mills, Vice President of Business Development at The Clearing House share their insights on the latest faster payment trends. Registrants will hear how the work of the Faster Payments Task Force is being translated into tangible action items by the industry. From enhancing Same Day ACH to the growth of Push to Card and P2P payments, Amy and Tim will shed light on the implications for financial institutions of all sizes. In addition, the conversation will explore the potential ramifications of the Federal Reserve’s recent RTGS proposal. Amy and Tim will start the conversation but will also leave plenty of time for attendees to share their thoughts and questions as well. Don’t miss out on this opportunity to gain valuable insight. This important topic is appropriate for all staff.

Register now for this complimentary, member-only webinar.

Professionals in every trade have an association they rely on for industry expertise, support and resources. We're the Association for Payments People®

Copyright © 2018 The Clearing House Payments Company L.L.C.
115 Business Park Dr.
Winston-Salem, NC 27107
United States
The Clearing House
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