RISK ASSESSMENTS
Helping You Assess Risk and Avoid Loss
ACH Risk Assessment
Protect your financial institution from potential losses with our expert ACH Risk Assessments
Navigate evolving ACH systems and regulatory requirements with confidence
NEACH Payments Group (NPG) provides comprehensive ACH Risk Assessments to help you navigate the complexities of evolving ACH systems and regulatory requirements. With ACH transaction volumes and the sophistication of fraud threats increasing, maintaining robust risk management is essential. Our assessment process evaluates your ACH operations to identify credit risk exposure, transaction risks across multiple channels, and other vulnerabilities.
Here is a list of what we use for guidance:
- Nacha Operating Rules and Guidelines
- Nacha's ACH Risk Management Handbook
- OCC's ACH Risk Management Guidance
- FFIEC's Retail Payment Systems Booklet
- FFIEC's Information Security Booklet
- NCUA's Electronic Payment Systems Guide
- Global Resilience Federation's Operational Resilience Framework
- Interagency Guidance on Third-Party Relationship
Trust our experts to help manage risks and maintain compliance
As part of the assessment, we review your existing systems, high-risk activities, and third-party service provider relationships to provide actionable steps for mitigating risks and ensuring compliance with the Nacha Operating Rules. Our detailed final report highlights vulnerabilities and provides insights into inherent risks, implemented controls, and recommendations to enhance your ACH Risk Management program. Trust our experienced team to help you effectively manage risks while maintaining compliant and efficient ACH operations.
Request an ACH Risk Assessment proposal today.
Request a proposal Book a consultation
Audit deliverables
With each NPG ACH Risk Assessment, you will receive:
- Comprehensive ACH Risk Evaluation: Our ACH-accredited experts provide a thorough risk assessment, identifying vulnerabilities to keep you compliant in today’s evolving ACH and regulatory environments.
- Credit and Transaction Risk Assessment: You will receive an analysis of your ACH credit risk exposure and transaction risks across multiple channels.
- High-Risk Activity Review: We examine high-risk activities and third-party service provider relationships, identifying residual risks with recommendations for improvement.
- Detailed ACH Risk Report: We provide a detailed final report that includes clear, actionable insights and recommendations to reduce risk, strengthen your ACH Risk Management program, and create operational efficiencies.
Service benefits
As authorities in ACH risk, our accredited team members offer:
- Expert Insights: Our team of ACH risk experts brings unparalleled expertise and experience to every assessment. NPG auditors deliver expert insights to help strengthen your ACH Risk Management program and protect you against potential losses.
- Enhanced Compliance: With the growing complexity and increased risks in today’s ACH environment, effective risk management is essential. Our ACH Risk Assessment can help ensure compliance with the Nacha Operating Rules and regulatory requirements.
- Operational Security and Efficiency: Our ACH risk experts recommend improved risk management practices to enhance overall operational security and efficiency.
Resources
For more on what you need to know to ensure
ACH compliance, check out the following
resources:
- Pithy resource title (type of resource): Short summary following same model as other tabs. Link to full piece.
- Navigating Audit and Risk Assessment Findings (Town Hall for NPG Clients): September 24th @ 12 PM, ET. NPG auditors will delve into key findings from Q1-Q3 audits and risk assessments.
Success Stories
But don’t take our word for it. Read on for the
ways NPG’s ACH Compliance Audits influence
compliance programs.
- Pithy Title: Short summary following same model as other tabs. Link to full case study or simply include the testimonial quote in this text space.
RDC Risk Assessment
Secure and optimize your Remote Deposit Capture (RDC) systems with our expert risk assessments.
Strengthen security and compliance
NEACH Payments Group (NPG) provides expert risk assessments tailored to Remote Deposit Capture (RDC) systems. As RDC technology becomes an integral part of banking, managing risk effectively is more important than ever. Our team of accredited payments professionals performs a comprehensive evaluation of your RDC operations, focusing on potential risks that could impact security and compliance.
Identify risks early on and avoid potential losses
We review your RDC policies, customer and vendor agreements, and internal procedures to uncover vulnerabilities and ensure adherence to Federal Financial Institutions Examination Council (FFIEC) guidelines. By identifying and addressing risks early, you avoid potential losses, improve operational efficiency, and maintain robust compliance. Using our proven, streamlined process, we deliver actionable insights that keep your RDC systems secure and running smoothly.
Request a Remote Deposit Capture Risk Assessment proposal today.
Request a proposal Book a consultation
Audit deliverables
With each NPG Remote Deposit Capture Risk Assessment, you will receive:
- RDC Risk Assessment: NPG's auditors thoroughly evaluate your RDC systems, including analyzing customer and vendor agreements and training procedures for staff and customers. We also identify vulnerabilities and evaluate onboarding processes for comprehensive risk management.
- Due Diligence Assessment: Our highly trained specialists also evaluate your onboarding processes for customers and vendors to ensure comprehensive risk management. We identify vulnerabilities and potential risks before they become liabilities.
- Detailed Audit Report: Once the audit is complete, we deliver an in-depth audit report that includes tailored insights and recommendations to ensure compliance and secure your RDC systems.
Service benefits
As authorities in RDC and risk, NPG auditors offer these additional service benefits:
- Enhanced Security: NPG auditors proactively identify risks to ensure your RDC operations remain secure against potential threats.
- Compliance Assurance: Our compliance experts thoroughly review your institution's adherence to industry best practices and regulatory requirements.
- Operational Efficiency: We streamline your RDC processes to enhance overall effectiveness and reduce risk exposure.
Resources
For more on what you need to know to ensure
ACH compliance, check out the following
resources:
- Pithy resource title (type of resource): Short summary following same model as other tabs. Link to full piece.
- Navigating Audit and Risk Assessment Findings (Town Hall for NPG Clients): September 24th @ 12 PM, ET. NPG auditors will delve into key findings from Q1-Q3 audits and risk assessments.
Success Stories
But don’t take our word for it. Read on for the
ways NPG’s ACH Compliance Audits influence
compliance programs.
- Pithy Title: Short summary following same model as other tabs. Link to full case study or simply include the testimonial quote in this text space.
Wire Transfer Risk Assessment
Mitigate the high risks associated with wire transfers through our expert risk assessment services.
Protect your assets against high-value threats
At NEACH Payments Group (NPG), we provide specialized Wire Transfer Risk Assessments to help protect your financial institution against the inherent risks of wire transfers. Given the rapid transaction speed and high-value transfers involved, the potential for significant losses is high. Our team of highly trained professionals conducts a thorough review of your wire transfer policies, procedures, and controls to identify and address vulnerabilities before they become critical issues.
Enhance your risk management practices and strengthen operational security
Our process includes an on-site evaluation tailored to your specific activity levels and examiner expectations. We deliver a detailed final report with actionable recommendations to enhance your risk management practices, ensure compliance with Federal Financial Institutions Examination Council FFIEC guidelines, and improve your overall operational security. Our expert assessments help you avoid losses and strengthen your wire transfer controls, adding value to your institution’s risk management strategy.
Request a Wire Transfer Risk Assessment proposal today.
Request a proposal Book a consultation
Audit deliverables
With each NPG Wire Transfer Risk Assessment, you receive a:
- Comprehensive Policy Review: Our expert NPG auditors conduct an in-depth analysis of your wire transfer policies, procedures, processes, forms, and agreements to strengthen your overall compliance.
- Tailored On-Site Evaluation: NPG customizes your on-site assessment to your wire transfer activity levels and regulatory expectations, ensuring a focused evaluation that meets your needs.
- Detailed Audit Report: This report provides comprehensive insights and actionable recommendations to enhance wire transfer compliance. It includes an evaluation of existing controls with recommendations for strengthening risk management practices and procedures.
Service benefits
As authorities in wire transfers, risk, and regulatory requirements, NPG auditors provide insights into:
- Enhanced Risk Management: NPG specialists Identify and address vulnerabilities to prevent potential losses and ensure compliance.
- Regulatory Compliance: NPG auditors thoroughly review your institution's adherence to ensure your wire transfer operations meet FFIEC guidance and other regulatory requirements.
- Operational Efficiency: NPG audits help you improve control measures and procedures to reduce wire transfer risk and enhance operational security and efficiency.
Resources
For more on what you need to know to ensure RTP compliance, check out the following resources:
- Pithy resource title (type of resource): Short summary following the same model as other tabs. Link to full piece.
- RTP Update (Town Hall for NPG Clients): (Insert date and time.) Created exclusively for our NPG clients, this complimentary event lets you engage with RTP industry experts and stay up to date on new developments to help you stay ahead of the curve.
- A link to relevant NEACH Education/webinars?
Success Stories
But don't take our word for it. Discover how NPG’s RTP Audits made a difference for these institutions:
- Pithy Title: Short summary following same model as other tabs. Link to full case study or simply include the testimonial quote in this text space.
Real-Time Payments Audit
Overview
Ensure your institution’s compliance with evolving Real-Time Payments (RTP) regulations with our expert audit services. We offer a thorough evaluation to identify gaps and strengthen your RTP program efficiently and cost-effectively.
Expanded Description
NEACH Payments Group, a pioneer in Real-Time Payments (RTP) auditing, provides specialized audit services to help you navigate the complex RTP compliance landscape. As RTP continues to transform the payments industry with 24/7/365 transactions, it is crucial to adhere to the RTP Operating and Participation Rules. Our comprehensive audit assesses your RTP program against these rules, focusing on participant responsibilities, risk management, and fraud control. Using a proven methodology developed by industry experts, our audits are conducted swiftly and at competitive rates. We provide a detailed summary of findings, highlight areas of compliance and non-compliance, and offer actionable recommendations to enhance your procedures and controls. Each audit concludes with an exit meeting to discuss findings and next steps.
What Our Service Entails
- General Participant Responsibilities Review: Evaluation of your adherence to RTP general participant duties.
- Obligations for Sending Participants: Assessment of your compliance with sending participant requirements.
- Obligations for Receiving Participants: Review of compliance with receiving participant responsibilities.
- Funding and Non-Funding Obligations: Analysis of both funding and non-funding participant roles.
- Non-Payments Messages Compliance: Examination of compliance with non-payments message requirements.
- Risk Management & Fraud Control: Assessment of your risk management strategies and fraud prevention measures.
- Errors and Unauthorized Payments: Evaluation of procedures for handling errors and unauthorized payments.
- Request for Payment Compliance: Review of compliance with request for payment procedures.
- Payment Service Providers: Analysis of interactions with payment service providers.
Additional Benefits
- Comprehensive Compliance Check: Ensure your RTP program meets all regulatory requirements.
- Efficient and Cost-Effective Audits: Benefit from our swift, competitive audit services.
- Actionable Recommendations: Receive practical advice to improve your RTP controls and reduce risk.
- Expert Insights: Gain valuable insights from our experienced audit team to enhance your RTP operations.
Resources for Further Information
- Articles & Blogs: Explore our extensive collection of articles and blogs covering Real-Time Payments (RTP) audits, ACH compliance, regulatory updates, and best practices in payments operations.
- Quarterly Client Town Halls: Join our exclusive series of Quarterly Client Town Halls, tailored specifically for NEACH Payments Group clients. These complimentary events offer a unique opportunity to engage directly with industry experts and thought leaders. Stay updated on the latest trends in Real-Time Payments, gain valuable insights through benchmarking, and receive timely updates from our dedicated NPG staff to keep your operations ahead of the curve.
- Publications & Technical Guides: Purchase our comprehensive guides on conducting Real-Time Payments and ACH audits, along with resources for managing compliance effectively.
- Media Downloads: Access a variety of media downloads, including video tutorials, whitepapers, and infographics that simplify complex topics related to Real-Time Payments audits and compliance.
- Consultation Services: Schedule a one-on-one consultation with our compliance experts to discuss your specific needs and challenges related to Real-Time Payments and ACH audits.
Third-Party Sender Compliance Audit
Overview
Strengthen your compliance and reduce risk with expert insights and audits tailored to your specific needs. We help Third-Party Senders navigate evolving payment regulations efficiently and effectively.
Request a proposal Book a consultation
Expanded Description
In today’s complex payments landscape, maintaining compliance is crucial, especially for Third-Party Senders. Our team of experts is dedicated to helping you stay ahead of regulatory changes and ensuring that your operations are in line with Nacha’s requirements. We offer comprehensive audits that not only assess your compliance but also identify potential risks and provide actionable recommendations to improve your processes. By partnering with us, you gain access to specialized knowledge and tools that streamline your compliance efforts, enabling you to focus on growth while minimizing risk.
What Our Service Entails
Conduct a thorough review of your compliance with Nacha rules, including processes and risk assessments.
Identify areas for improvement within your existing compliance practices.
Receive expert advice on reducing risks associated with ACH transactions.
Implement tailored solutions to address any compliance concerns effectively.
Leverage our team’s deep understanding of the payments industry.
Ensure compliance without unnecessary expenditure.
Get detailed reports that highlight areas of non-compliance and opportunities for improvement.
Resources
- Articles & Blogs: Access our library of articles and blogs on ACH compliance, regulatory updates, and best practices in payments operations.
- Quarterly Client Town Halls: Join us for our exclusive series of Quarterly Client Town Halls, designed specifically for NEACH Payments Group clients. These complimentary events provide a unique platform to engage directly with industry experts and thought leaders. Stay informed on the latest trends, gather valuable insights through benchmarking, and receive timely updates from our dedicated NPG staff to keep your operations ahead of the curve.
- Publications & Technical Guides: Purchase our comprehensive guides on conducting ACH audits and managing compliance.
- Media Downloads: Access video tutorials, whitepapers, and infographics that simplify complex compliance topics.
- Consultation Services: Schedule a one-on-one consultation with our compliance experts to discuss your unique needs and challenges.
Start with the customer – find out what they want and give it to them.
Request a Risk Assessment proposal today.
For a specific assessment of your payments program, explore our consultation services.