A timely reminder that the six-month grace period for Third-Party Senders to conduct a risk assessment and implement a risk management program ends on March 31, 2023.

The refreshed 4th Edition contains new statistic and evaluates the impact of the UCC 4A on security procedures, bank/corporate agreements, recommended contractual provisions, errors, unauthorized entries and more. Includes Article 4A (law unchanged) with staff commentary.

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

To access presentations from this meeting, please visit the Member Resource Center. Be sure you are logged in.

Nacha released a report on its latest Risk Management Framework today, providing a new strategy for industry participants in both the ACH Network as well as other payments systems to address new and persistent frauds that increasingly make use of credit-push payments.

Fraud keeps changing. As it does, participants in the payments system need to understand and adapt to emerging fraud scenarios and develop counterstrategies to help protect their customers and themselves. 

Collection of instructions utilized in the Risk Management Portal.

While most Financial Institutions are entering quality data in the ACH Contact Registry, Nacha has heard about some frustrations in using the Registry.

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. 

The next time you visit Nacha’s Risk Management Portal you’ll find several changes which are the direct results of industry input. 

Nacha has awarded Nacha Certified status for a second consecutive term to Paycor, a leading provider of Human Capital Management software.

A new ACH Risk Management Framework is taking shape to help keep the ACH Network safe. One particular focus is fraud involving credits and other push type payments.

Business Email Compromise numbers are down in the newest AFP fraud survey, which also finds checks continue to be most susceptible to fraud.

One of the best weapons in the fight against fraudsters is sharing information. It can also be one of the trickiest issues to navigate, given the many privacy concerns. Nacha’s Risk Management Advisory Group (RMAG) is working to address this.

Catch up on content powered by the Risk Management Advisory Group.

Nacha’s new Third-Party Sender Roles and Responsibilities Rule changes come into effect on September 30, 2022.

Account takeover is a type of cybercrime or identity theft where a malicious third party gains access to (or “takes over”) an online account, such as an e-mail address, bank account, or social media profile.

COVID-19 scams are frauds that primarily rely on the existence of the COVID-19 pandemic.

A money mule is someone who transfers or moves illegally acquired money on behalf of someone else.

Ransomware is a type of malware that threatens to publish the victim's personal data or perpetually block access to it unless a ransom is paid.