New companies make new opportunities.

In Silicon Valley, “Move fast and break things” is the motto attributed to startups looking to enter a market quickly, fill a niche, and gain market share before competitors. This could certainly be the motto of some payments fintechs.

Season 3, Episode 5: The Handbook for Understanding ACH Risk Management

If an Originator realizes it has fallen victim to credit-push fraud, the only obvious fact may be that a payment didn’t reach the intended Receiver. Beyond that, a flurry of questions can create uncertainty at a time that calls for decisive action.

You don’t have to look too hard to find evidence that check fraud is a huge problem that’s only getting worse:

When I say “risk management,” most people immediately think of preventing fraud and stopping the bad guys. While this is a big part of what we do in risk management, it isn’t the whole picture. 

LAS VEGAS—Keeping up with the Joneses can be a good thing, if the Joneses are doing all they can to prevent fraud. 

“It is important to figure out what the businesses around you are doing,” said Jeanette Hait Blanco, Nacha General Counsel. 

Two recent reports spotlight the fact that fraudsters remain hard at work, and that vigilance remains an absolute must.

Regulators and the Nacha Operating Rules require all financial institutions to conduct an ACH Compliance Audit annually.

Designed to assist Financial Institutions, both RDFIs and ODFIs, in addressing ACH risk, this workbook covers risk obligations as defined in OCC Bulletin 2006- 39, ACH Risk Management Guidance, the FFIEC Retail Payment Systems IT Examination Handbook and current Nacha Operating Rules.

LAS VEGAS—There are numerous frauds today putting your institution and its customers at risk.

(L-R) Jordan Bennett, Pamela T. Rodriguez and Tim Thorson

LAS VEGAS—Underestimate the fraudsters at your own risk.

A checklist approach to initiating a payroll can help ACH Originators and Third-Party Senders comply with rules and regulations, avoid errors, and reduce fraud.

The payments field is never stagnant, so there’s no reason why payments education should be. The 2023 TPI On Campus, July 16-19, is moving with the times. Just ask the dean.

A new way of thinking about fraud detection, prevention and recovery.

Nacha’s Risk Management Portal includes the ACH Contact Registry, Third-Party Sender Registration, Direct Access Debit Participation Registration and the Terminated Originator Database

The Risk Management Advisory Group (RMAG) recently released blogs offering a checklist approach for Originators and for

Preferred Partner for Account Validation/Compliance/Risk and Fraud Prevention

Preferred Partner for ACH Experience/Open Banking/Risk and Fraud Prevention

Preferred Partner for ACH Experience/Fraud Monitoring/Risk and Fraud Prevention