Third-Party Sender Due Diligence demo
Each originator behind the sender screened, measured against the return levels and decided with a reason code 1:33
What the demo shows
ACH risk teams register and review payment processors that send ACH for their own clients
Seven agents register and review every third-party sender the bank originates for, one layer deeper: each originator behind the sender is screened, evidenced and measured against the Nacha return-rate levels, a sender hiding behind the sender is found in the files, and every decision carries a reason code and a named approver.
Transcript
- Third-Party Sender Due Diligence: how a bank's ACH risk team reviews the processors that send for others.
- Nacha makes the bank register them and know their customers' customers.
- Larkfield Payroll Services sends for twelve hundred forty of them.
- The tree groups them by industry and entry type; five carry a problem.
- Six agents read the registration, the roster, the files and the returns.
- Three originators are above Nacha's unauthorized level of half a percent.
- One sender hides behind the sender: QuickRun Billing, unregistered.
- Its proof: a company identification in the file, not on the roster.
- The analyst prepares, the BSA Officer confirms screening, the committee decides.
- Harriet Vogel suspends QuickRun's entries pending registration, with a reason.
- Nothing suspends without a named person; every value cites its record.
- Twelve hundred forty originators reviewed, six findings, signed in a day.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.