Upcoming ACH Rule Changes: New Meaningful Modernization Rules

New ACH Rules Take Effect on September 17: Have You Updated Your Financial Institution’s Procedures?

Meaningful Modernization rules will go into effect for the ACH network on September 17. You need to prepare your financial institution now to comply with the rule changes.

The five new rules address standing authorizations, oral authorizations, other authorization proposals, an alternative to proof of authorization, and electronic Written Statements of Unauthorized Debits. You must quickly update your procedures to accommodate the revised requirements.

ACH expert Kim Ellis will provide step-by-step practical guidance to show you how to update your financial institution’s procedures. You will learn how Meaningful Modernization will affect you and your accountholders.