Managing ACH Risk

Date Recorded: October 24, 2023
Presented by: Mark Dever, AAP, CAMS, Director, Forvis Mazars, LLP

A two-hour webinar to identify and discuss ways to potentially reduce the risks associated with ACH processing.

With over 31 billion ACH Entries carrying a value of more than $77 trillion forecast for 2022, managing the risks associated with such processing is critically important to not only protecting the integrity of the payments system, but also protecting the profit margins enjoyed through providing products and services through the ACH Network. The FFIEC agencies and NACHA have identified five major, three “additional,” and a myriad of ancillary risks associated with ACH processing. The OCC issued the only “white paper” on managing the risks associated with ACH activities. This webinar will analyze the risks and discuss ways to potentially reduce and mitigate those risks.

Here’s What You’ll Learn:

• Identify the five major risks: Fraud; Operations; Customer Credit; Systemic Risks; and Synthetic Identity Fraud (SIF);
• Discuss the three “additional” risks: Strategic; Reputation; and Legal/Compliance Risks;
• Highlight NACHA Operations Bulletins dealing with Risk;
• Review the salient points from OCC Bulletin 2006-39 – ACH Risk Management Guidance;
• Discuss the ancillary risks associated with ACH processing; and
• Recall the NACHA Rule requiring all Participating DFIs to complete an ACH Risk Assessment.

With ACH volumes increasing by 1 billion Entries/Year, and dollars processed increasing by $ 1 trillion/Year for last ten years, identifying and minimizing the risk inherent in the ACH Network is of paramount importance. This two-hour webinar from ProBank Education Services, powered by FORVIS will provide the operations, compliance, product, and audit staffs with a current “snapshot” of the challenges and risks presented when providing products and services to clients utilizing the ACH Network.