In an ever-evolving financial landscape, the ACH Network plays a pivotal role in facilitating electronic payments. As financial institutions strive for efficiency, security, and compliance, the 2023 ACH Risk Assessment findings emerge as a compass for navigating the complexities of ACH operations. This high-level summary delves into the top discoveries across various sections of our ACH Risk Assessments, providing valuable insights to help financial organization fortify systems, controls, credit management, compliance, vendor management, direct access, and more.
This summary guide is the first of many resources to come from NEACH Payments Group as we work to continuously provide useful market intelligence to improve the overall health of the payments systems. Further reports will contain breakdowns by asset size to help financial institutions benchmark their activity against their peers as well as recommendations to address the common findings. Comments or questions regarding this report can be sent to info@neachgroup.com.
Click the icon below to download the ACH Risk Assessment Common Findings (2023)