ACH Originators

[Ashley Short]

Hello,

I am looking for insight on ACH Originator requirements from a compliance perspective. Specifically I’d like to confirm what key elements must be included in an originator agreement, or notification letter, and what due diligence or ongoing monitoring steps other financial institutions includes to ensure compliance with NACHA rules and Reg E. Do you require annual certifications or updates from your business members, and how do you document or verify third-party sender relationships?

Any best practices or sample letters/procedures would be greatly appreciated.

[Author]

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