ODFI Oversight of Third Party Relationships
ODFI Oversight of Third Party Relationships focuses on how ODFIs fulfill their ongoing responsibility to monitor Third Party Senders and Third Party Service Providers after origination begins. Whether a third party builds the file, transmits entries, or supports downstream Originators, the ODFI retains responsibility for the risk introduced through that relationship.
This course explains what effective oversight looks like in practice, including return-rate monitoring, exposure limit review, authorization controls, business continuity expectations, and responsiveness to exceptions. Learners examine how oversight must adapt as third party activity, volumes, products, or business models change even when no formal request for expansion has been made.
Through applied scenarios and red-flag analysis, the course reinforces that oversight is proven under pressure, not during smooth operations. Learners explore common warning signs that warrant closer review and how multiple indicators, taken together, should prompt escalation, restriction, or reassessment of the relationship.
Estimated learner time: 15•20 minutes, depending on pace and interaction with the scenario.
This course is designed for ACH operations staff, risk and compliance professionals, vendor management teams, and others responsible for monitoring third party relationships and ensuring that origination activity remains aligned with policy, contractual authority, and the ODFI’s risk appetite.
This course is available exclusively to members of ePayResources.
Item Number - LMSM2607
10
| Member Price | $0.00 |
| Nonmember Price | $0.00 |
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| iMIS Detail URL | https://myepay.epayresources.org/itemdetail?iProductCode=LMSM2607 |