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ACH Risk Review Service

Running a profitable ACH origination program often depends on successfully managing the inherent risks involved. In addition to the new NACHA requirement that each participating financial institution complete an ACH operations risk assessment, it is also just good business practice to complete a thorough review of your risk profile. An independent, external perspective from a trusted partner can help to properly identify areas of potential risk and provide suggestions for improvement.

The WesPay Risk Review Service provides observations from one of our AAP certified industry experts concerning your current ACH risk management program and processes as compared to those prescribed by relevant regulation and sound industry practices.

WesPay will provide a management report providing WesPay’s opinion on the areas of potential risk that can be mitigated through improved policies, procedures and increased process controls.

Benefits of using WesPay's Risk Review Services:

  • Knowledgeable and accredited ACH Professionals (AAP) will work with you and your staff to review your ACH risk profile
  • Your staff receives training while performing the risk review as the WesPay staff explains sound business practices during the process.
  • Procedures and controls that can be strengthened are identified during the course of the review.
  • A thorough risk review provides your management team with an objective, professional perspective to help guide policy decisions and day-to-day practices.

ACH Risk Review Service Details

Review Process

The review is based on a combination of documentation review, examination of business practices, and interviews of key personnel. With the guidance and support of WesPay staff, the risk assessment can minimize the impact on your staff’s time and resources.

This Service Includes:

  • On-site review of operating procedures and internal controls
  • Management meeting to review initial findings and recommendations
  • Written ACH Risk Review Report with findings and identified areas for potential strengthening of risk practices, policies and procedures

Note: The ACH Risk Review is offered as a supplemental service in conjunction with a Full ACH Audit Review performed by WesPay. ACH Audit Service and ACH Risk Review Service are priced separately.

 

Contact WesPay staff today to arrange a consultation:
(415) 373-1200

 

Essential Areas of Risk Review

The WesPay ACH Risk Review Service takes a broad look at the many dimensions of risk that can affect your ACH operations. The review process will take into account a number of different aspects including:

  • Operational Risk
  • Security Risk
  • Regulatory Risk
  • Customer Risk
  • Credit Risk
  • Strategic Risk

 

 

Download informational brochure Download Informational Flyer

 

The NACHA Operating Rules require every participating financial institution to implement an ACH risk management program in accordance with the requirements of its regulators.

WesPay offers an ACH Risk Review, a supplemental service to the Full ACH Audit that provides your management team with a professional opinion of your ACH risk program and suggestions for improvement.

Download informational brochure Download Informational Flyer

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