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Risk Assessments
Our trained consultants are available to review
or create your Risk Policy, your Risk Procedures, and/ or to perform a full scale ACH operation
Risk Assessment for both RDFIs and ODFIs. The assessment includes points raised
in the OCC ACH Risk Management Guidance and will identify gaps in the FI’s existing ACH
risk management program. The review will include Credit Risk, High‐Risk Activities, Compliance
Risk, Third‐Party Service Provider Issues, Transaction Risk and Information Technology.
Audit
ACH Audit
NACHA Operating Rules (Subsection 1.2.1) require
each Participating DFI conduct or have conducted an audit of its compliance with
these rules in accordance with Appendix Eight (Rule Compliance Audit Requirements). Our
trained and certified consultants offer a fullscale audit on each area of the ACH operation
for financial institutions and third party processors.
Remote Deposit Capture Audit
As with any offering of a payments product,
financial institutions are expected to understand the applicable rules and regulations, the
risks involved in offering the product, and to have documented procedures and policies in
place. Our Remote Deposit Capture Audit focuses on identifying gaps in the process that
could lead to potential risk. It includes a review of customer agreements, operational procedures,
risk policy, contingency plan, and methods of customer education on their responsibilities
and monitoring of their compliance.
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Customized In-house Training
Let Payments Information Circle come to you! We provide
customized in‐house training on any of our seminar topics in half and full day sessions as well as
2-hour senior management sessions available to provide a briefing for executive staff.
Topics include:
- NACHA Rules
- Electronic Payments for Customer Service Staff
- Risk Management
- Underwriting Electronic Payments
- Marketing ACH / Marketing RDC
- On the Horizon: Today’s Hottest Payments Issues
- Increasing Deposits Through Payments Processing
- Compliance: Ready for the Regulators?
- Exception Item Processing
- Auditing Your Operation
...and many more!
New Product Implementation
Successfully implementing a new electronic payments
product can be challenging for any financial institution. Our consultants are available to assist with creating
business plans, including the opportunities for cost savings and the potential risks involved, so you can determine
if the new product is the right choice for your organization.
We provide an unbiased explanation of all
the options available for implementation, and can work with you to create a customized project plan, including
defining the scope, bringing together the necessary resources and determining your timeline.
Procedure Development
Our consultants will review your ACH operation and
your current procedures (if any) and create detailed, customized procedures.
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The Payments Information Circle offers a variety of consulting services to give you the tools you need to
handle practical day-to-day operational issues as well as the expertise to enable you to make strategic decisions
for the future.