FinCEN Proposes Sweeping Changes to AML Program Requirements The Financial Crimes Enforcement Network (FinCEN) has issued a Notice of Proposed Rulemaking (NPRM) that could significantly alter the landscape of anti-money laundering (AML) programs for banks, cred...
Top 10 ACH Audit Findings and How to Address Them Findings Recommendations As ACH Network participants, it's crucial to stay compliant with Nacha Operating Rules. NEACH Payments Group has analyzed our second quarter 2024 audit findings and identified...
Strengthening Your ACH Risk Management Key Insights from Q2 Assessments As financial institutions and Third-Party Senders continue to navigate the complex landscape of ACH transactions, it's crucial to maintain robust risk management pract...
New Tool Aims to Stamp Out Scams Federal Reserve Releases ScamClassifier Model The Federal Reserve, in collaboration with a working group of payments and fraud experts, has announced the release of a new weapon in the fight against f...
Fortify Your Defenses: Nacha Unveils Free Cybersecurity Resources The escalating threat of cyber attacks has made robust cybersecurity measures an imperative for organizations of all sizes. In response, Nacha's Cybersecurity Payments AI Project Team has released two...
Treasury Seeks Public Input on AI in Financial Services Opportunity to Shape Responsible Innovation The U.S. Department of the Treasury recently issued a request for information (RFI) seeking public input on the use of artificial intelligence (AI) by finan...
New Report Reveals Faster Payments as Key Driver of Financial Inclusion Key Findings and Insights The Faster Payments Council has just unveiled a white paper that delves into the pivotal role faster payments can play in driving financial inclusion worldwide. This comprehe...
ACH Audit Findings (Q1 2024) Introduction Are you up to date on your ACH compliance requirements? Our recent analysis of first-quarter audits reveals some common areas where organizations are falling short. Reach out to us today ...
ACH Risk Assessment Findings (Q1 2024) In the fast-evolving landscape of financial transactions, managing ACH risk is paramount for banks, credit unions, and third-party organizations alike. Our recent analysis of NEACH Payments Group (NPG...
Risk & Compliance Pitfalls for Payroll Processors Insights from NPG Audits Risk Assessments NEACH Payments Group (NPG), a leader in payments consulting, has analyzed data from payroll clients over the past two years to identify key regulatory challen...
10 Common ACH Pitfalls to Avoid (2023) Introduction The 2023 ACH audits conducted by NPG revealed key compliance pitfalls that financial institutions must address to avoid risk, fines, and operational inefficiencies. Among the most signifi...
ACH Risk Assessment Common Findings (2023) 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 A...