Third-Party Sender/Third-Party Service Provider Risk Assessment
Each Third-Party Sender/Third-Party Service Provider is required to 1) perform a risk assessment of their ACH activities, and 2) implement risk management programs. You should expect verification of compliance as part of your next ACH Audit and/or regulatory examination. PaymentsFirst is a licensed Direct Member of NACHA and our team of consultants are ACH experts.
The PaymentsFirst Third-Party Sender and Third-Party Service Provider services include:
- Prior to and onsite checklists
- Client questionnaire
- Review of sound business practices and internal controls
- Review of agreements
- Exit interview
- Written report including findings and/or recommendations
- Certification form
- Access to auditor for questions
Tip: Schedule early to ensure availability, efficient preparation time, and to avoid additional charges.