How to Conduct an ACH Risk Assessment and Develop an Effective ACH Risk Management Program

Use coupon COMPLIANCE15 to get 15% discount on this virtual seminar This virtual 2-day seminar/workshop will identify the areas of ACH Risk that ODFI's and RDFI's are exposed to when originating, receiving, or processing ACH transactions. ACH Risk awareness and responsibility still falls on the ODFI even when outsourcing these activities to a third party. Discussion on ODFI Risk Management Requirements from the Nacha Operating Rules Book (Articles 1 and 2) such as due diligence, exposure limits, auditing, and monitoring (to name a few), plus how the SEC Code being used by the Originator or TPSP or TPS determines specific risk management requirements and warranties. Discover how the ACH Network functions (overview of ACH, how it works, with SDA (Same Day ACH functionality included)) Identify the Nacha Operating Rules to utilize when conducting an ACH Risk Assessment Developing an effective ACH Risk Management Program using information provided (during a fictitio... Read more

Use coupon COMPLIANCE15 to get 15% discount on this virtual seminar This virtual 2-day seminar/workshop will identify the areas of ACH Risk that ODFI's and RDFI's are exposed to when originating, receiving, or processing ACH transactions. ACH Risk awareness and responsibility still falls on the ODFI even when outsourcing these activities to a third party. Discussion on ODFI Risk Management Requirements from the Nacha Operating Rules Book (Articles 1 and 2) such as due diligence, exposure limits, auditing, and monitoring (to name a few), plus how the SEC Code being used by the Originator or TPSP or TPS determines specific risk management requirements and warranties. Discover how the ACH Network functions (overview of ACH, how it works, with SDA (Same Day ACH functionality included)) Identify the Nacha Operating Rules to utilize when conducting an ACH Risk Assessment Developing an effective ACH Risk Management Program using information provided (during a fictitious hands-on activity) List the different types of ACH Risk and ways to help mitigate Define what’s needed for a successful ACH Risk Management Program Importance of monitoring the entire ACH program on a consistent basis Importance of Reporting details surrounding your ACH Program to the Board Determine the registration requirements for the ODFI with Nacha Direct Access Registration TPS (nested or not) Registration Contact Information for the ACH Contact Registry Summarize details of NEW Nacha Operating Rules amendment for ACH Risk Assessments and the TPS (including the “nested” TPS)