All financial institutions that receive and originate ACH transactions are required to perform an annual audit to be in compliance with the rules of the National Automated Clearing House Association (NACHA), the body that governs electronic payments.
Benefits from the performance of an ACH audit:
- Assurance that your institution is following the most current rules and requirements to avoid costly mistakes and NACHA fines;
- Fraud prevention, which is not only costly but damaging to an institution’s reputation, by working with our professionals to implement effective internal controls over the ACH area;
- Recommendations on improvements to your operations from experts who work with a broad client base on ACH; and
- Confidence that you have a knowledgeable team to call on should you need answers or assistance regarding ACH throughout the year.