ACH Processing and Compliance

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Electronic Item No: EM-ACH
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This manual brings you information you need to keep on top of the latest changes in the field of ACH processing. Written in an easy-to-understand, format, this manual reviews the basis and structure of all ACH processing – the NACHA Rules. This manual includes discussion on both receiving and origination. Recent changes to the Rules including: Micro-Entries; “Nested” Third-Party Senders; operational benefits from Meaningful Modernization; and the 2024 impacts from the ACH Contact Registry, R11 utilization, and ACH quality topics are discussed in detail. Recent proposed Rules changes (9) on Risk Management and credit-push fraud, and possible Rules proposals (4) arising from the May 2023 RFI on ACH Risk Management are reviewed. The annual expansion of and enhancements to the ACH “self-audit” are thoroughly discussed, and the federal ACH examination is highlighted.

Treasury’s Green Book – A Guide to Federal Government ACH Payments and Collections is included with a focus on the updated reclamation process, and the 2024 modifications (if any) to the Green Book. An update is also provided on Treasury’s ongoing efforts to expand direct deposit and the utilization of “Go Direct®”.

Compliance issues including OFAC impacts to ACH processing, suspicious activity reporting (SAR), the federal focus on ACH as part of the annual Bank Secrecy Act (BSA) examination efforts, and the standardization of the garnishment of exempt federal benefits payment processing, are all highlighted. Major areas of ACH risk are addressed, including methods and procedures to minimize risk exposure.


New and Recent NACHA Rules

The Latest on Federal Government Payments & Processing

2024 Audit and Examination Guidelines

Processing Risks

Regulatory Impacts