Same-Day ACH Settlement
NACHA has recently proposed a rule to enable same-day settlement for virtually any ACH payment
NACHA has recently proposed a rule to enable same-day settlement for virtually any ACH payment that would be mandatory for all receiving financial institutions (RDFIs) and optional for originating financial institutions (ODFIs).
A key component is a proposed reimbursement fee of 8.2 cents per transaction to be paid by the ODFI to the RDFI to partially recover their costs related to implementation and on-going operational support. Please join this webinar to discuss the key attributes of the proposal and the business cases involved to help prepare your organization for the next, faster generation of ACH payments.
Bank attorneys, Compliance professionals in the payment space, Wholesale bankers marketing treasury management services, Risk management professionals, and Bank operations professionals in the payment space.
Chris Selmi is Senior Vice President of Risk and Regulatory Compliance for WesPay and joined the team in 2012. He is responsible for defining and executing initiatives to position WesPay as a trusted knowledge source for payment-related regulatory impacts. He works closely with members to develop processes and programs designed to facilitate member compliance with payments law, regulations, and industry standards. Chris holds the designation of Accredited ACH Professional (AAP) from the National Automated Clearing House Association (NACHA) and Certified Regulatory Compliance Manager (CRCM) from the Institute of Certified Bankers.
Ted Teruo Kitada is a senior company counsel in the law department of Wells Fargo Bank, National Association. Mr. Kitada is the chief payment counsel to Wells Fargo, providing advice and guidance on many payment matters, including primary payment systems (wire transfers, checks, ACH, and prepaid and debit cards); deposit services and products; bank operations; Check 21; image exchange arrangements; mobile banking; electronic banking; unclaimed property; and compliance with a variety of state and federal laws and regulations relating generally to bank deposits and operations.
Mr. Kitada received his B.A. from Stanford University (magna cum laude and Phi Beta Kappa), his J.D. from the University of California, School of Law, Berkeley, and a Masters in Regional Studies-East Asia from Harvard University.
Live Webinar (includes free access to the recorded copy for 30 days)
Member price: $75.00 | Non member price $95.00
Member price: $95.00 | Non member price $115.00
Download the Webinar registration form under the “Resources” section on the right-hand-side of this page and submit:
Mail This Form With A Check
- First, fax the completed form to (916) 438-4315
- Then, mail with a check to:
- California Bankers Association
Attn: Accounting Dept – A/R
1303 J Street, Suite 600
Sacramento, CA 95814
- California Bankers Association
Register Via Secure Fax
Fax the completed form with credit card information to: (916) 438-4315
Note: you will receive an email with instructions on how to connect to the webinar after your registration has been received and processed.
Register online up to day of event. Earlier registration allows time to check your computer for an optimal experience.