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New 2021 Nacha Rules: Impact, Analysis & Deadlines

Nov 19 2:00 PM - Nov 19, 2020 3:30 PM
Nov 19, 2020 2:00 PM - 3:30 PM
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Eight new Nacha rules are coming!  With effective dates ranging from January 2, 2021, to September 17, 2021, you’d best be sure you know which rules are effective on which dates and how will they impact your operations. Get clarity on the changes during this timely webinar.

Learning Objectives

  • Understand the new Same Day ACH windows and availability requirements
  • Calendar the new timeframes for making ODFI authorization warranty claims
  • Properly format a reversal
  • Define a standing authorization
  • Recognize the acceptable formats/methods for obtaining a consumer’s statement of unauthorized debit

Nacha’s voting membership recently passed eight new amendments to the Nacha Operating Rules that will go into effect in 2021. The new rules include:

  • A time limit for an RDFI to make a claim against the ODFI’s authorization warranty – effective June 30, 2021
  • Two rules addressing improper use of reversals – effective January 2, 2021, and June 30, 2021
  • A suite of meaningful modernization rules designed to improve and simplify the ACH user experience – effective September 17, 2021

The rules are intended to facilitate adopting new technologies and channels for the authorization and initiation of ACH payments, reduce barriers to ACH use, provide clarity and consistency for certain ACH authorization processes, and reduce some of the ACH authorization administrative burdens. All this is in addition to the changes to Same Day ACH and account validation rules that were already set to be implemented on March 19, 2021. This must-attend session will provide clarity about what the new rules are, when you should be ready for them, and how they will impact your financial institution.



Michele L. Barlow, AAP, NCP, PAR/MACHA

Michele Barlow is the Vice President at PAR/Macha (Everything Payments, Everywhere), with offices in Wisconsin and Maryland.  Before joining the Macha team in 2009, Michele spent several years as a corporate trainer in the financial industry.  She is responsible for development and execution of association training and certification programs, conference planning, and member service.  Michele is a past member of NACHA’s Blue Ribbon Panel and currently serves on the APRP Oversight Panel, the Payments Institute Board of Regents, and Nacha’s LMS Editorial Board. She is active on other national committees, and a frequent speaker at industry events. She obtained her AAP certification in 2010, her NCP in 2011, and became an NCP Certified Trainer in 2012. Michele holds a bachelor’s from the University of Wisconsin. 




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Operations
  • Compliance