Required for WEB
Originators
The ACH Rules require each company that originates WEB entries to
conduct an annual ACH Audit to ensure that the financial information
that it retains from Receivers is protected by security practices and
procedures. Recommended for
All Originators
All companies that originate ACH
transactions (WEB or otherwise) are encouraged to conduct (or have
conducted) an annual audit to review their processes and risk exposure
and to ensure that they are operating in compliance with the ACH
Rules.
The Payments
Authority can conduct your annual ACH Audit and produce a detailed
report of findings and recommendations for improvement at the
conclusion. We’ll provide a review of ACH policies and
procedures including:
- an overview
and evaluation of your company’s risk management systems and
controls
- your credit
risk exposure and limits, high-risk activities, transaction and
compliance risk
- originator
underwriting standards and analysis of originator
creditworthiness
- your
relationship with third party service providers, third party senders and
direct access participants
- IT/IS ACH
related systems, procedures and controls
- your ACH
business continuity plan
Schedule today!
Email audit@thepaymentsauthority.org
for a quote.
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