The threats positioned by high-risk Originators, such as those practicing illegal payday lending, continues to be a challenge for financial institutions. To further support FIs and the payments industry with risk mitigation efforts, NACHA has developed a new white paper on Sound Business Practices for Evaluating Customer Risk. In addition, NACHA is expanding use of its Originator Watch List tool to state regulators, enabling these groups to populate the Watch List with Originators and Third-Party senders that have met certain risk criteria. Join risk management experts as they provide guidance on these practices, as well as new and existing tools you can apply to due diligence before onboarding new ACH Originators.
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SVP, Global Treasury Management, U.S. Bank
Senior Vice President, Conference of State Bank Supervisors
Michael L. Herd
Senior Managing Director, ACH Network Rules, NACHA - The Electronic Payments Association
Moderator: Cynthia Jenkins
Senior Director, Risk Management, NACHA - The Electronic Payments Association