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July 23, 2015
Exploring Third-Party Sender Registration
1:30 -3:00pm ET
Third parties play an important and growing role in the ACH Network as they enable others to efficiently utilize and benefit from ACH payments. However, as Third-Party Sender relationships in particular grow increasingly more complex, there exists the potential for greater risk as well as additional regulatory scrutiny. Understanding the complex and often layered roles and responsibilities, as well as the associated risks, and performing appropriate due diligence are paramount for financial institutions. As part of its continued efforts to foster greater clarity and deliver a range of additional tools and measures to help financial institutions and mitigate risk, NACHA is exploring mandatory, rules-based Third-Party Sender registration. The intent of the undertaking is to provide greater transparency into the activities of Third-Party Senders and assist ODFIs with due diligence and ongoing monitoring of these relationships.
Increase Awareness
- What are the greater risks and how likely is additional regulatory scrutiny?
- Understand what NACHA is proposing and why
- Learn exactly what it means to your organization
- Ascertain the timeframe for the proposed changes
AAP Credits 1.8
Member Price: $130
Non Member Price:$260
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07/23/2015
07/23/2015
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Exploring Third-Party Sender Registration
Third parties play an important and growing role in the ACH Network as they enable others to efficiently utilize and benefit from ACH payments. However, as Third-Party Sender relationships in particular grow increasingly more complex, there exists the potential for greater risk as well as additional regulatory scrutiny. Understanding the complex and often layered roles and responsibilities, as well as the associated risks, and performing appropriate due diligence are paramount for financial institutions. As part of its continued efforts to foster greater clarity and deliver a range of additional tools and measures to help financial institutions and mitigate risk, NACHA is exploring mandatory, rules-based Third-Party Sender registration. The intent of the undertaking is to provide greater transparency into the activities of Third-Party Senders and assist ODFIs with due diligence and ongoing monitoring of these relationships.
Increase Awareness
What are the greater risks and how likely is additional regulatory scrutiny?
Understand what NACHA is proposing and why
Learn exactly what it means to your organization
Ascertain the timeframe for the proposed changes
AAP Credits 1.8
Member Price: $130Non Member Price:$260
Click here to register
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