ACH Origination Checklist - Bank Version
This interactive tool is designed to assist an ODFI with measuring a potential Originator’s state of readiness prior to providing ACH Origination services. Checklist questions relate to software and staff knowledge preparedness; specific SEC Code/Application considerations; network security, processing and risk mitigation requirements; usage of Third-Parties and more. A full report is generated by the Company’s responses to the Origination Checklist which helps identify potential areas of deficiency. The Origination Checklist complements an institution’s due diligence process.