ACH Transactions Risk Management

Authors: Marge Simmons
Format: 3-Ring Binder with CD
Frequency of Update: 2 updates annually
Price: $495
Plus shipping and handling.
Sales Tax: for NY, TX, DC, CT orders only.

About Your Subscription

You can review this product for 30 days. Your annual subscription includes published updates at no additional charge for the 12 month subscription period. At least 2 updates are expected. If you cancel your subscription within 30 days of receipt, you will receive a full credit upon return of the product together with a request for cancellation.

Look Inside This Book!*
*Requires Adobe Acrobat Reader

Identify and control your risk with ACH transactions

The regulators are concerned that the expanded use of the ACH network and the new relationships that have formed as a result put financial institutions at greater risk. Sheshunoff’s new ACH Transactions Risk Management manual will provide you with the resources and tools you need to ensure that you control your financial institution’s ACH risk.

You can use the manual to identify and control risk when:

Receiving ACH transactions
Originating ACH transactions
Using the services of a Third-Party Service Provider
Originating ACH transactions for a Third-Party Sender

In addition, the manual assists you and provides recommendations and suggestions for developing a risk management program, or enhancing your existing risk management controls. The manual also offers sample documents, such as checklists, agreements, policies and procedures, and audit worksheets and reports, which you can customize to reflect your institution’s needs.

Don’t expose your financial institution to potential risk!

Without adequate ACH risk management controls in place you expose your institution to:

Operating errors that result in potential rules violations
Fraudulent file or transaction possibilities
Venturing into new areas of ACH processing without proper risk evaluation
Harming the financial institution’s reputation, and
Originating ACH transactions that exceed the financial institution’s legal lending limit

About the Author

Margaret L. Simmons is President of Electronic Payments Advisory Services. Her thirty years of experience in the area of electronic payments includes product management of ACH software at Brinkman Technologies in Carrollton, Texas, President of The Payments Authority — Michigan’s regional electronic payments association, and 12 years in Treasury Management at Comerica Bank in Detroit, Michigan.
Throughout her career, Marge has been directly involved with the electronic payments industry through participation in many national councils, committees, and work groups. She has been an instructor at NACHA’s Payments Institute, provides training services to regional payments associations, and is a nationally recognized speaker on topics related to all facets of the electronic payments industry. She is author of Automated Clearing House Transactions: Operations, Compliance, and Audit, co-author of the Corporate Guide to ACH Essential, and editor-in-chief of two national newsletters, the Bank Teller’s Report and the Credit Union Teller/MSR Report. She has earned the permanent designations of Accredited ACH Professional (AAP) and Certified Cash Manager (CCM).
Electronic Payments Advisory Services’ client list includes:

National Automated Clearing House Association
SWACHA — The Electronic Payments Resource
Western Payments Alliance (WESPAY)
Pacific Payments Association (PACPAY)
VISA, USA
Oregon Bankers Association and Independent Community Bankers of Oregon
Barton, Klugman & Oetting, LLP
Independent Community Bankers Assoc.