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Industry Insights

2023 ACH Risk Assessments: Lesson Learned

2023 ACH Risk Assessments: Lesson Learned

In today's digital age, Automated Clearing House (ACH) transactions have become a crucial component of most organizations' financial operations. While ACH payments offer numerous benefits, they also expose organizations to various risks, including compliance violations, fraud, and operational disruptions. To mitigate these risks and ensure the smooth functioning of ACH processes, it is essential for organizations to conduct regular ACH Risk Assessments.

NPG's expert auditors have conducted numerous risk assessments for organizations of all sizes, and through our extensive experience, we've identified the top 10 most common ACH compliance issues that put organizations at risk. These issues range from insufficient ACH reporting to the Board of Directors, lack of periodic ACH training, absence of ACH Risk Management Policies, and inadequate vendor management, among others. By proactively identifying and addressing these risks through comprehensive ACH Risk Assessments, organizations can safeguard their financial health, maintain compliance with industry regulations, and protect their reputation. Read the full report to learn more about our top findings. 

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2023 Top ACH Compliance Audit Findings

2023 Top ACH Compliance Audit Findings

As an organization that originates or receives ACH transactions, it's crucial to stay compliant with Nacha rules and regulations. Failing to...
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Risk & Compliance Pitfalls for Payroll Processors

Risk & Compliance Pitfalls for Payroll Processors

NEACH Payments Group (NPG) has released a study shedding light on the top compliance challenges facing payroll companies. After meticulously...
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Client Town Hall: Risk Management Strategies for Success

Client Town Hall: Risk Management Strategies for Success

Hear from NEACH Payments Group partners, Engage fi and BlueJay AI on ways to streamline your processes to manage risk, improve efficiency, and...
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Upcoming Nacha Operating Rules Implementation & Enforcement

Upcoming Nacha Operating Rules Implementation & Enforcement

- March 18, 2022: Dollar Limit of Same Day ACH Increases to $1 Million - March 19, 2022: ACH WEB Debit Account Validation Rule (Becomes...
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How Credit Card Statement Reporting can be a Differentiator for your FI

How Credit Card Statement Reporting can be a Differentiator for your FI

In an environment where financial institutions (FIs) are looking for unique ways to differentiate themselves—and grow their bottom line in...
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ADA compliance for financial institutions: Here’s something you can do

ADA compliance for financial institutions: Here’s something you can do

Accessibility is about more than in-person parking spaces and wheelchair ramps at branch locations. With so much banking increasingly done...
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A Guide to Payments Audits and Risk Assessments: Helping Financial Institutions Better Manage Risk and Maintain Compliance

A Guide to Payments Audits and Risk Assessments: Helping Financial Institutions Better Manage Risk and Maintain Compliance

While every financial institution is unique, with its own set of risk and compliance  considerations and opportunities, the volume of audits...
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Five Actions You Can Take Today to Prepare for ACH Compliance Audits and Risk Assessments

Five Actions You Can Take Today to Prepare for ACH Compliance Audits and Risk Assessments

At NEACH Payments Group (NPG), we know compliance and risk. We partner with financial institutions to conduct hundreds of compliance audits and...
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NPG ACH Risk Assessments: Top Recommendations 2020

NPG ACH Risk Assessments: Top Recommendations 2020

The 2020 NPG ACH Risk Assessment data reveals four key  recommendations for financial institutions to better mitigate risk.

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NPG ACH Audits: Top Recommendations 2020

NPG ACH Audits: Top Recommendations 2020

2020 NPG ACH Audit data reveals the three most cited areas of improvement for financial institutions (FIs). With NPG’s input, FIs now...
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Ready for a workshop on effective sales and communications?

Ready for a workshop on effective sales and communications?

“Most people don’t know the most effective ways to sell. They do what they think is the right thing to do, which is to share product...
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Using DiSC in the Sales Process

Using DiSC in the Sales Process

Sales professionals are well-trained in prospecting and closing techniques. However, even successful ones can continue to develop skills...
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7 Tips for Supporting Your Small Business Customers and Growing Your Cash Management Business

7 Tips for Supporting Your Small Business Customers and Growing Your Cash Management Business

Small businesses live and die by their cash flow. Yet, upwards of 60 percent regularly struggle with having enough to support business...
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NEACH Payments Group Issues RFP for Investment Manager Services

NEACH Payments Group Issues RFP for Investment Manager Services

NEACH Payments Group (NPG) is issuing a Request for Proposal (RFP) to manage its excess funds. Any organization in good standing is welcome to...
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Being Nacha Certified puts ACI Payments "Above the Other Processors" Who Are Not

Being Nacha Certified puts ACI Payments "Above the Other Processors" Who Are Not

“By being Nacha Certified, we are putting ourselves above the other Processors that might not have this distinctive certification.”...
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ACH Audits: 2019 Findings

ACH Audits: 2019 Findings

With more than 160 years of collective experience, NEACH Payments Group works to create a payments landscape that is safe, compliant, and...
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ACH Risk Assessments: Top Recommendations 2019

ACH Risk Assessments: Top Recommendations 2019

With more than 160 years of collective experience, NEACH Payments Group works to create a payments landscape that is safe, compliant, and...
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Cash Management Case Study

Cash Management Case Study

A Massachusetts community bank was expanding its cash management services for a growing base of small and mid-sized business customers. NEACH...
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Partnering for Innovation:  The New England FinTech Evolution

Partnering for Innovation: The New England FinTech Evolution

Partnering for Innovation: The New England FinTech Evolution draws expert insights from NEACH, New England community banks, and FinTechs to...
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News

Apr - 24

QR Codes Offer a Path to Faster Payments at the "Last Mile" of Adoption

The Faster Payments Council (FPC) recently released a new white paper examining how QR codes can facilitate the adoption of faster payments at the point-of-sale (POS). The... Read More

Apr - 24

2024 AFP® Payments Fraud & Control Survey Report

The annual 2024 AFP Payments Fraud and Control Survey paints a sobering picture of the intensifying fraud landscape facing banks and credit unions. Some key findings: A... Read More

Apr - 24

Treasury Releases Report on AI Cybersecurity Risks in Finance

The U.S. Department of the Treasury recently unveiled a comprehensive report on Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Sector. Directed... Read More

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