News Rules & Regulations Operations Alerts Reminder: Nacha Seeks Responses on Rules RFC and RFI 5/24/2023 Nacha is requesting industry comment on a set of Rules proposals and other concepts regarding ACH risk management. Read more Tags: Rules, Risk Management, Nacha, Nacha Rules, Request for Cmment, Request for Information
News Payments Strategy Fraud & Disputes Phixius Processes 2 Millionth Transaction 12/21/2022 Nacha's Phixius service has announced that financial institutions and service providers have processed more than 2 million payment-related... Read more Tags: Risk, Risk Management, Fraud, Nacha, API, Phixius
News Rules & Regulations Audit & Compliance ePayAdvisors Helps Manage Third-Party Risk 10/12/2022 Nacha has been incrementally addressing third-party risk management with changes to their Operating Rules and Guidelines over the last five years, and... Read more Tags: Risk Management, TPS, TPSP, Risk Assessment, Third Party, Third-Party, Third-Party Sender, ePayAdvisors, Third-Party Service Provider
News Payments Strategy Fraud & Disputes Evaluate Your Fraud Management Approach as You Prepare... 8/10/2022 As with any type of payment, the potential for fraud exists with instant payments. Financial institutions are the first line of defense against instant... Read more Tags: FedNow, Faster, Risk Management, Risk Mitigation, Fraud, Assessments
News Rules & Regulations Audit & Compliance Nested TPS Changes in the Risk Management Portal... 8/3/2022 Originating Depository Financial Institutions (ODFIs) are currently required to identify their Third-Party Senders to Nacha. On September 30, 2022, a new... Read more Tags: Compliance, ACH, Risk Management, Risk Mitigation, Originators, Origination, TPS, TPSP, Audit, Third Party, Third-Party, Third-Party Sender, ACH Operations, ACH Network
News Fraud & Disputes Key Practices to Reduce Improper Payments through... 7/28/2022 A group of federal agencies working under the Joint Financial Management Improvement Program (JFMIP) has released a report identifying verification... Read more Tags: Risk Management, Risk Mitigation, Fraud, Government Payments, unemployment, Scams, government, covid
News Agencies Release Statement on Risk-Based Approach to Due... 7/7/2022 The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National... Read more Tags: Risk Management, FDIC, fincen, money laundering, OCC, NCUA, due diligence