Payments Industry Updates | Audit & Compliance

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Managing the Complexities of Third-Party Sender Risk

One of the trickier aspects of being an ODFI is recognizing and understanding Third-Party Senders, the complexities and unique risks they present, and how to thoroughly mitigate those risks to protect your institution. Do you know if any of your Originators are acting in this role, and if so, how do you ensure they are compliant with the rules and requirements that Third-Party Senders are subject to?

ePayAdvisors has kept pace with services to help Originating Depository Financial Institutions (ODFIs) and their Third-Party Service Providers and Third-Party Senders remain compliant. There is a lot for your team to consider to limit your exposure; click the Read More button to read the complete blog from Tracy Merritt, Senior Vice President, ePayAdvisors.