Wire Transfer Risk Assessment

Wire Transfer Risk Assessment

Other Services

Helping You Assess Risk and Avoid Loss

Today’s market requires cross-channel risk evaluation. We can no longer isolate payments systems from one another; the digitization of payments has fueled an omnichannel impact on risk management.

NEACH Payments Group, with its team of experienced and accredited payments professionals, can help. Our comprehensive, cross-channel assessments help to identify vulnerabilities and establish priorities in addressing them, before they become a problem. Regular risk assessments do more than just minimize risk; they enhance operational efficiencies and impact the bottom line.

Our process is efficient and effective, and our results are what keep our clients coming back year after year. 

Our Services

Wire Transfer Risk Assessment – Transfer speed, paired with large-dollar transactions and the inability to recover funds once they’re sent, make wire transfers an area of risk with the greatest potential for loss for financial institutions. Our team of highly-trained professionals helps you identify ways to tighten procedures to avoid loss. Our Wire Transfer Risk Assessment:

  • Offers a comprehensive review of your wire transfer policies, procedures, processes, forms, agreements and more
  • Incorporates an on-site review tailored to your level of activity and expectations of examiners in identifying and controlling risks
  • Includes a final report, which contains an evaluation of your wire transfer controls and recommendations to strengthen risk practices, policies and procedures.

Our Team

Mark Dixon, AAP, APRP, NCP

Mark Dixon, AAP, APRP, NCP

Advisor

Serves as the Vice President, Education for NEACH and Advisor of its subsidiary, NEACH Payments Group

Read More
Elyssa Morgan, AAP

Elyssa Morgan, AAP

Advisor

Serves as the Director of Membership for NEACH and Advisor of its subsidiary, NEACH Payments Group

Read More
“NPG does all of our audits and risk assessments. We use them for our ACH audit, our ACH risk assessment, our wire risk assessment, and our RDC risk assessment. When they come back to do an audit the next year, they make sure the fixes stuck, because they have history with us now.”
Judy Binder, Brookline Bank

 

News

Jul - 22

$65K Raised for Special Olympics Rhode Island

NEACH Payments Group was a proud sponsor of the Credit Unions of Rhode Island's 2022 Charity Golf Tournament on July 11, 2022.

Read More

Jun - 22

$58K Raised for A Bed for Every Child

NEACH Payments Group was proud to sponsor the Massachusetts Credit Unions' Stephen Jones Credit Union Charity Golf Tournament on June 23, 2022.

Read More

Apr - 22

The RTP Business Committee has approved changes to the RTP Operating Rules and Participation Rules.

These changes will become effective April 18, 2022. Value Limit Increase Operating Rule II.C.2 is amended to increase the value limit for a RTP Payment from... Read More

Contact Us