Authors: Marge Simmons
Format: 3-Ring Binder with CD
Frequency: Periodicly
Price: $495

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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. (Marge) Simmons, AAP, CCM, is President of Electronic Payments Advisory Services. Her 25 years of experience in the area of electronic payments includes management and development of ACH software at Brinkman Technologies in Carrollton, Texas, President of The Payments Authority, Michigan’s regional payments association, and 12 years in Treasury Management at Comerica Bank in Detroit, Michigan.

You might also be interested in :

• Automated Clearing House Transactions: Operations, Compliance, and Audit
• ACH Transactions: Question and Answer Book
• Bank CEO's Operating and Management Desk Reference
• Bank Operations and Administrative Desk Reference
• Bank Fraud & IT Security Report
• Bank Operations and Technology Alert
• Compliance Guide to Payment Systems: Law and Regulation
• Depository Operations Policies and Procedures
• Guide to Remote Deposit and Branch Capture
• Guide to Check 21 Implementation and Operations
• IT Auditing for Financial Institutions
• Practices and Procedures for Financial Institution Risk Management
• Risk Based Auditing for Financial Institutions
• Risk Management Policies
• Risk Assessments for Financial Institutions

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