ACH Security Framework Rule – Small Rule, Big Implications


Presented by:Rayleen Pirnie

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Our world is a buzz with cybersecurity initiatives and consumer protection initiatives. As a result, in 2013 NACHA passed a new Rule commonly called the ACH Security Framework Rule. The Rule is relatively small in terms of words, but it has enormous implications for DFIs, Originators, and Third-Parties. In this course we will explore an ODFI's obligations to the Rule and focus on how the ODFI can assist their Originators in acquiring and proving compliance.

Since the ODFI is responsible for what their Originators do (or don't do), how does the ODFI ensure their Originators are in compliance? What implications exist for the ODFI whose Originator is not in compliance and who is ultimately breached? We'll answer these questions and more in this course. This course provides ODFIs with recommendations on documenting Originator compliance and Agreement provisions that both obligate the Originator to the Rule, and provide the ODFI with appropriate, timely documentation about compliance. We will also explore training tips that ODFIs can employ to educate Originators on their obligations, and demonstrates valuable resources for small Originators who may not have existing security procedures.

Join ACH Security Framework Rule - Small Rule, Big Implications to learn:

  • What the ACH Rule says and who is obligated to comply
  • How does an ODFI document Originator compliance
  • What resources are available to ODFIs and Originators to develop sound security practices that will help protect ACH data
  • What implications exist if an Originator's ACH data is breached
Participants will also be provided with a free Originator Checklist to assist Originators in developing necessary security procedures to be compliant with the Rule.

Who Should Attend: Compliance, Auditors, Bank Management, Cash and Treasury Management, Lenders, Operations.

You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

About the speaker: Rayleen Pirnie is the Director of the Compliance & Fraud Department at EPCOR (Electronic Payments Core of Knowledge, established by Mid-America Payment Exchange and Payments Central). She joined EPCOR in 2007 after a 10-year career as an Investigations Specialist in banking. Today she draws on that extensive investigative background to educate and offer consulting to financial institutions, businesses, consumers, and law enforcement on payments fraud, risk, business continuity and regulatory compliance. Her primary focus is on initiatives to combat cybercrimes.

Rayleen stays abreast of all financial crimes and their prevention counter-measures, a necessity in the rapid changing environment of financial crimes. She is recognized as a payments-fraud expert and is regularly called upon to present at conferences. Rayleen has presented to hundreds of businesses and institutions across the country, helping them protect their systems, data, and accounts.

This program was recorded in its entirety in July 2014. The CD-ROM includes program slides, materials (if available) and follow-up Q & A document.

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  • Model: cd_achsecurity0714
  • Manufactured by: Glia Group, Inc.

This product was added to our catalog on Wednesday 18 June, 2014.

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