ACH & RDC RISK ASSESSMENTS

If your organization is involved in ACH, an assessment of risk on all ACH receipt and origination activities is a requirement of the NACHA Operating Rules. You are also required to implement an ACH Risk Management Program on the basis of such an assessment, complying with the requirements of your regulators with respect to each.

Let UMACHA assist your organization's ACH Risk Assessment function and risk management program. We have the tools and expertise to ensure your assessment is complete and potential risks are identified, along with recommendations for controls to add to reduce risk.

If your ACH Risk Assessment is performed by an internal auditor or other third-party company let us help you implement an ACH Risk Management Program through our consulting services, webinars and in-person workshops.

 

ACH Risk Assessments

If your organization is involved in ACH, an assessment of risk on all ACH receipt and origination activities is a requirement of the NACHA Operating Rules. You are also required to implement an ACH Risk Management Program on the basis of such an assessment, complying with the requirements of your regulators with respect to each. UMACHA has developed a comprehensive tool to help build your risk assessment. You can use the tool internally or UMACHA can come to your institution and complete the assessment.

UMACHA's On-Site ACH Risk Assessment Services

Let the professionals at UMACHA assist your organization's ACH Risk Assessment function and risk management program. We have the tools and expertise to ensure your assessment is complete and potential risks are identified, along with recommendations for controls to add to reduce risk.

For questions about the ACH Risk Assessment process, to request a quote for an on-site ACH Risk Assessment, or to schedule a UMACHA on-site compliance service, complete the UMACHA Compliance Services Request Form below.

UMACHA Compliance Services Request Form

ACH Risk Assessments Not Performed By UMACHA

To assist your internal auditor with completing a thorough review of your risks and controls, or to help your staff implement an ACH Risk Management Program, UMACHA offers consulting services and provides several webinars and in-person workshops. throughout the year. UMACHA has also published resources to help your organization prepare for and/or complete your next ACH Risk Assessment.

 

RDC Risk Assessments

The FFIEC released guidance for financial institutions regarding risk management of Remote Deposit Capture (RDC) in 2009 and the IT Examination Handbook was updated in 2010 to include additional risk management best practices regarding RDC, found in the Retail Payment System Handbook section. RDC is a Deposit Transaction Delivery System which allows a financial institution to receive digital information from deposit documents captured at remote locations. These locations could be one or many branches of your financial institution (Branch Capture), ATMs, domestic and foreign correspondents, commercial customers (Corporate or Merchant Capture), small businesses, and/or consumers. Within the past year, our resources and services have also been revised to include important considerations for mobile RDC programs as well.

If you are the person responsible for your financial institution's RDC program, then you need to know what examiners and regulators will be looking for. UMACHA is here to help! We have also developed a number of tools to identify areas of risk and we can help your institution determine the best ways to manage those risks, including an Image and RDC Guide containing sample agreements, policies and approval forms, along with our RDC Risk Assessment guide. If you would like to order either of these publications or some of our sample documents which are available for individual purchase, please visit our Compliance Publications page by clicking here!


UMACHA's RDC Risk Assessment Services

Let the professionals at UMACHA assist your organization's RDC Risk Assessment function and risk management program. As part of our service, we will review your practices around approving and reviewing RDC users, along with other policies and procedures in place related to the program. We test for controls related to endorsements, MICR line edits, duplicate detection and deposit limits while also reviewing your agreements with RDC clients.

If you have additional questions about the RDC Risk Assessment process, to request a quote for an on-site RDC Risk Assessment, or to schedule a UMACHA on-site compliance service, complete the UMACHA Compliance Services Request Form below.

UMACHA Compliance Services Request Form