Have you completed your required ACH Compliance Audit?
Is your organization in compliance with the Nacha requirement that all Third-Party Service Providers and Third-Party Senders that have agreement with a Participating DFI to process Entries conduct an annual audit of compliance with the Nacha Operating Rules?
Article One, Subsection 1.2.2 Audits of Rules Compliance of the Nacha Operating Rules states:
A Participating DFI must annually conduct, or have conducted, an audit of its compliance with these Rules. A Third-Party Service Provider or a Third-Party Sender that has agreed with a Participating DFI to process Entries must annually conduct, or have conducted, an audit of its compliance with these Rules. An annual audit must be conducted under these Rules Compliance Audit Requirements no later than December 31 of each year.
Experienced, accredited payments experts can perform your ACH Risk Compliance at a competitive rate! The scope of our audit is continually enhanced and is based on the ACH Rules identified in Article One, Article Two, and Appendix Three of the Nacha Operating Rules. We also assess the efficiency and effectiveness of written policies and procedures as well as adherence to OFAC screening requirements.
At the conclusion of your ACH Compliance Audit, we provide you with:
- an informative, detailed report identifying areas of compliance deficiencies;
- a summary of all findings; and
- recommended improvement opportunities to reduce risks.