Skip to main content
Please wait...

What is NACHA?

NACHA looks after the development, administration & governance of the ACH Network. ACH is an association for the E-Payment industries that looks after the electronic movement of money & data in the United States of America. NACHA isn't directly involved in the ACH transactions instead they develop rules & standards, guidelines for the industry's best practices, advisory services, etc. NACHA requires all participating financial institutions within the ACH Network to conduct regular audits to ensure compliance with ACH rules.

 

NACHA's Compliance Standards include

  • Secure Transmission and Storage of Sensitive Data
  • Fraud prevention and Risk Management
  • Account Validation
  • Account Verification
  • Identity Verification
  • Transaction Verification

 

NACHA's ACH Compliance

Nacha’s ACH Rules Compliance provides the structure for evaluating possible violations of the Nacha Operating Rules and Guidelines. A formal system of warnings and fines corrects infractions and helps ACH Network participants to remain within the Rules’ boundaries. NACHA wants all institutions in the ACH Network to conduct audits to ensure compliance with ACH Guidelines & Standards.

 

What is ACH Audit & ACH Risk Assessment?

ACH Audit

ACH Audit means the review of the financial institutions with reference to ACH rules & guidelines established by the NACHA (National Automated Clearing House Association). ACH audit includes analyzing the transaction data of the account to spot fraudulent behavior quickly and easily.

ACH Risk Assessment

ACH risk assessment concentrates on the risks related to the ACH Activities. ACH risk assessment determines the number of risks of financial institutions in specific areas & evaluates the quality of their risk management controls. 

 

Benefits of ACH Audit

  • Helps you identify potential problems
  • Ensure your operations are running smoothly
  • Ensures that transactions are handled properly