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RMAG Offers Guidance for Risk-Based Controls to Address the Potential of Fraudsters Gaining Access to Illicit Funds
RMAG's membership of risk management professionals works diligently to protect financial institutions, customers, and the ACH Network from threats posed by all types of financial crimes and fraud. These scenarios include the potential for financial …
The Risk Management Advisory Group (RMAG) recently released blogs offering a checklist approach for Originators and for ODFIs responding to instances of credit-push fraud. These checklists can help Originators and ODFIs think through how they plan their …
Business Email Compromise is a major concern today, but it appears that the recent enhancement to Same Day ACH has not resulted in any increase in criminal activity, an informal Nacha survey found. The Same Day ACH per-payment dollar limit quadrupled to …
Many dentists have yet to experience the benefits of receiving insurance claim payments by ACH, but there are encouraging signs, a new report found. “Although the majority of dental payments are made via a paper check, the industry is seeing an uptick in …
Sometimes simple works best. When it comes to your financial life, there are ways to simplify things that make a lot of sense. The first week of August is Simplify Your Life Week, and on a personal level, one of the easiest things to do is to move away …
Top Ways the ACH Network Can Help Consumers, Businesses and Government During the National Emergency
During the current national emergency, the ACH Network is operating normally to process payments for consumers, businesses, and government agencies. There are many impacts to daily life and business operations due to the practice of social distancing and …
1. Help Yourself. Someday you’re going to need to find the right person at another financial institution to help you. Registering promptly for the ACH Contact Registry gives you access to all the other FI contacts that have registered. 2. Help Others. …
Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made …
Back around Valentine’s Day, hardly anyone had heard of “social distancing,” and even fewer expected to be told to stay home until further notice. But by St. Patrick’s Day, that was the norm, and it’ll likely continue for a while. The point here is that …