Displaying 1 - 10 of over 104 results for "*"
January 31, 2023
A recent Nacha blog article suggested that a checklist approach to payment initiation could help Originators comply with rules and regulations, avoid errors, and reduce fraud. Nacha’s Risk Management Advisory Group (RMAG) believes a similar approach might help Originating Depository Financial…
Risk Management
January 3, 2023
In more than 1,000 landings as a naval aviator, I never once made a gear-up landing. I didn’t take any chances: I used a checklist to prepare for every landing. The checklist was necessary not because lowering the landing gear is difficult to remember. It was necessary because any task—even an…
ACH, Risk Management
November 29, 2022
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 institutions to be used by fraudsters to receive…
Risk Management
November 17, 2022
Nacha's Risk Management Advisory Group (RMAG) met in-person in October with an agenda focused on the themes of the “New Risk Management Framework for the Era of Credit-Push Fraud.” One of the main themes discussed was the role that Receiving Depository Financial Institutions (RDFIs) should play in…
Risk Management
November 2, 2022
Nacha believes that risk management is central to maintaining a high-quality ACH Network that relies on the trust of each participant. Financial Institutions’ obligations include conducting a risk assessment and implementing a risk management program based on this assessment. This obligation…
ACH, Risk Management
October 18, 2022
Alliance members and guests will meet October 11-13 for our fall member meeting! More details will be provided soon.
MEETING DETAILS
Registration
Registration will open in early June 2023
Hotel Accommodations
The Ritz-Carlton, Pentagon City
1250 S Hayes Street
Arlington, VA…
ACH, Faster Payments, International/Cross Border, Membership, Risk Management, Rules Compliance, Training
October 14, 2022
Alliance members and guests will meet February 15-17, 2023 for our winter member meeting! Check out the agenda below, and then register to join us. We look forward to seeing you in Tempe!
REGISTRATION
Registration is open! Register here.
Disclaimer: By attending a Nacha event, you…
ACH, Faster Payments, International/Cross Border, Membership, Risk Management, Rules Compliance, Training
September 22, 2022
Nacha’s new risk management framework calls for a new way of thinking about fraud prevention, detection and recovery, and a cultural change in the industry about fraud information sharing.
Nacha’s previous risk management strategies for the ACH Network have focused on protecting consumers and…
ACH, Risk Management
August 11, 2022
Financial Institutions have been listing ACH contacts in Nacha’s ACH Contact Registry since the platform went live in July 2020. Most banks and credit unions are entering quality data that meets the requirements under the Nacha Operating Rules. That means phone numbers and email addresses for ACH…
ACH, Risk Management, Rules Compliance
August 5, 2022
Increasing the Same Day ACH dollar limit to $1 million per payment posed no greater fraud risk than the prior $100,000 threshold, a new survey by Nacha’s Risk Management Advisory Group (RMAG) found.
RMAG reviewed the proposal before it took effect in March, weighing potential risks and…
ACH, Risk Management, Same Day ACH