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Keeping Originators Informed and Compliant

We recently received a question from a member that comes up often, particularly during the end-of-year audit season.

Our ACH audit is being conducted this week and we need to know what the best practice is for the following audit question: How does the financial institution keep its Originators informed of updates and changes to the Nacha Operating Rules and Guidelines?

While the Nacha Operating Rules state that the ODFI is responsible for its Originators’ compliance with the Rules, they don’t state specifically how ODFIs should make sure that happens.

Read our latest blog article at the link below to find out more!  And don't miss the Early Bird publications sale, which ends Wednesday, December 14!