ACH Risk Assessment Guide
Each financial institution, is required to perform a risk assessment of their ACH activities and implement a risk management program in accordance with the requirements of their regulators. Additionally, participants are further impacted by the requirement to conduct additional risk management practices prior to originating ACH entries and by the requirement to cover specific topics in all new or renewed Originator and Third-Party Sender Agreements. A financial institution must understand and identify the complexity and nature of their ACH services to effectively perform the risk assessment. the PaymentsFirst ACH Risk Assessment is a thorough assessment of ACH activities and risk management program. The written report evaluates residual risk including risk ratings and matrix.