Complete Story
 

07/25/2018

More than 9,000 Third-Party Senders

Now Registered

Four months after registration for the NACHA Third-Party Sender Registration Database initially opened, a first look at complete statistics is now available. As of the end of June 2018, 5,133 Originating Depository Financial Institutions (ODFIs) have registered their Third-Party Sender status. Of those, 698 ODFIs (13.6 percent) registered a total of 9,096 TPS relationships. 324 TPSs are registered by multiple ODFIs.

In other registration databases:

The Database is part of the Third-Party Sender Registration Rule which became effective March 1, 2018. The rule requires ODFIs to identify and register their Third-Party Sender (TPS) customers. The registration process promotes consistent customer due diligence among all ODFIs, and serves as a tool to support NACHA’s continuing efforts to maintain ACH Network quality. The TPS Registration database is housed in NACHA’s secure Risk Management Portal.

Information on the Risk Management Portal and the Databases it houses, can be found at https://www.nacha.org/riskmanagementportal

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