Risk Management

Managing ACH risk at the operator level is as important as managing an individual financial institution’s risk. WesPay provides leadership and member advocacy at the national level to ensure that risk is at the forefront of all national decisions regarding the ACH network. At the member level, WesPay provides a number of resources to help financial institutions develop their own robust risk policies and procedures. These resources include classes on payments risk management, as well as OCC Bulletin 2006-39, and the OCC 235 Survival Guide, which focus on comparative payments system risk (OCC 235) issues in general, and implementing a comprehensive ACH risk management strategy (OCC Bulletin 2006-39).

Additional resources that you may want to consider are the following:

• A Comprehensive Strategy for Risk Management in the ACH Network, NACHA, February 20, 2007
• Payments Fraud Glossary
• FedACH Risk Management Services
• EPN’s Risk Management Services
• FFIEC Guidance Digest