ACH Risk Management:

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Risk and Quality Initiative ContinuumHIGHData SecurityStandards• Legal, regulatoryand/or rulesbasedTargeted Enforcement•Unauthorized trigger•Reporting•Penalty fees•Possible suspensionOperator Tools•ODFI Understanding•Define roles•Develop warning process•Deploy controlsRISKRisk Strength of InitiativeTerminated Originator/3rd Party Registration•Solution providersdevelopingExpanded Audit•Audit requirements basedon origination complexity•Regulatory complianceQuality Strength of InitiativeCustomer ServiceTelephone Number•Receiver has tool tocontact Originator•Fewer unauthorizedreturns/calls to RDFICompany Name•Better RM tracking•Fewer unauthorizedreturns/calls to RDFIQuality Initiatives•Misuse of Codes•WSUPP/Unauthorized•Adjustments•Requests for Information•Incentive Fees?QUALITY© 2008 National Automated Clearing House Association. All rights reserved.HIGH8
Risk Management Advisory Group(RMAG)•Risk Management Advisory Group(RMAG) was established in 2005 by theNACHA Board•Oversees development of the RiskManagement Framework for the ACHNetwork© 2008 National Automated Clearing House Association. All rights reserved.9
Page 1 and 2: ACH Risk Management:Where Are We No
Page 3 and 4: ACH Transaction Volume(billions)181
Page 5 and 6: Risk Management Framework• The AC
Page 7: Overview•Collectively it addresse
Page 11 and 12: Network Enforcement Rule• Enhance
Page 13 and 14: ACH Risk Assessment• Intended to
Page 15 and 16: RMAG Current Project Teams•Data A
Page 17 and 18: Direct Access•For more informatio
Page 19 and 20: Data Sharing• Improve Network and
Page 21 and 22: New Sources of Risk• Identify and
Page 23 and 24: RMAG Members 20072009• Roy DeCi
Page 25 and 26: Questions?•Questions or feedback

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