|
NACHA, its members, and the ACH Operators have a
responsibility to ensure that the ACH Network
remains a safe and reliable payments system. Since
beginning its risk management program in 2002, NACHA
has cut in half the rate at which ACH payments are
returned as unauthorized-down to 0.05 percent.
NACHA continues to implement its comprehensive,
end-to-end risk management strategy, approved by
NACHA's Board of Directors in 2005, in four
categories: 1) Network entry requirements, 2)
ongoing requirements, 3) enforcement, and 4) ACH
Operator tools and services.
Each risk management initiative is a complementary
piece of the entire strategy. In the interest of
preserving a safe and reliable Network, quality
improvements and risk mitigation require more than a
single effort or one, all-encompassing rule change.
Collectively, the strategy addresses risk and
quality in the ACH Network by minimizing
unauthorized entries and customer service costs to
all Network participants.
NACHA encourages all financial institutions to
ensure that their ACH risk management programs are
commensurate with their ACH activities.
|
