Risk Assessment | Third Party

Have you identified all of your ACH processing risks?

The Nacha Operating Rules require that all Third-Party Senders implement a risk management program and conduct a risk assessment of its ACH activities since they assume the responsibilities of the ODFI when acting as a Third-Party Sender.  

Article One, Subsection 1.2.4 Risk Assessments states:

A Participating DFI must:

(a) Conduct, or have conducted, an assessment of the risks of its ACH activities;

(b) Implement, or have implemented, a risk management program on the basis of such an assessment, and

(c) Comply with the requirements of its regulator(s) with respect to such assessment and risk management programs. 

Regulatory changes, new payment applications, evolving technologies, and increasing threats from fraud all contribute to a heightened risk environment. Each Third-Party Sender is unique with its ACH processing environment and the risk assessment should be based on the complexity of such an environment.  Combined with continuous changes to the Nacha Operating Rules, effectively managing your ACH processing risk is critical to your organization, and an accurate, thorough assessment of your risk environment is a crucial first step.

Our experienced, accredited payments experts can perform your ACH Risk Assessment at a competitive rate! Our risk assessment is built around the OCC ACH Risk Management Guidance, and our team will evaluate your controls across the ACH delivery channel for both risk mitigation as well as operational efficiency.

At the conclusion of your ACH Risk Assessment, we provide you with an informative, detailed report on inherent risk, implemented controls, and residual risks, along with recommendations for further risk mitigation.

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