Risk Management Framework
Nacha’s latest Risk Management Framework demonstrates a new way of thinking about fraud detection, prevention and recovery. All participants in the payments system, whether the ACH Network or elsewhere, have roles to play in working together to combat fraud.
Risk Management Advisory Group Guidance
The Risk Management Advisory Group (RMAG) serves in an advisory capacity to the Nacha executive management and Board of Directors on risk management related topics to assure ongoing strength, stability, and continued high quality of the ACH Network. The Group works with Nacha staff and key industry stakeholders to produce sound business practices, business cases for rules proposals, Board Policy Statements, tools, white papers and other communications vehicles, and to collaborate and coordinate with payments professionals across payments channels.
RMAG Guidance on Credit-Push Fraud Response Checklists for Originators
RMAG: Preventing and Recovering from Operational Errors and Accidents
A Checklist Approach to Reduce Fraud in Payroll Origination
RMAG Guidance on RDFI Credit-Push Fraud Response Checklists | Nacha
RMAG Guidance on ODFI Credit-Push Fraud Response Checklists | Nacha
RMAG Meets to Begin Implementation of New Risk Management Framework | Nacha
Fraud Threats
Threats and fraud can be perpetuated through cyberattacks, business email compromise (BEC), email account compromise (EAC), ransomware, account takeover, social engineering, and even vendor impersonation fraud.
