Identifying, Registering & Auditing Third-Party Senders
NACHA has just passed a new rule that requires every Originating Depository Financial Institution (ODFI) to either register its third-party sender customer(s) with NACHA, or provide NACHA with a statement that it has no such customers. The Rule becomes effective September 2017. You will take away a clear understanding of how to identify and audit your third-party senders.
This Course Covers:
- How to identify third-party sender relationships
- Requirements of NACHA’s new registration rule
- Guidance on the registration process
- Compliance with NACHA’s third-party sender audit requirement