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Where is a Third Party? The Where’s Waldo Game of Payments


Event Details*
Thursday, April 1, 2021
On-Demand; 1.2 AAP, APRP CEU Eligible

Learning Level: Intermediate

Event Registration**
Member Price:     $225.00
Non-Member Price:   $325.00

Session Description:

Using case-based scenarios, delve into the who, what, where of Third-Party Payments Processors and Merchants and the effects of these relationships on the financial institution. 

Are you considering adding to your portfolio of Originators by onboarding a Third-Party Sender?  Doing so can provide financial and other benefits to a financial institution, but these relationships pose more risk.  In this session, we will discuss due diligence best practices for identifying Third-Party Senders, monitoring the transactions their client Originators generate, and ensure that the Third-Party Sender is adequately vetting its clients.  Third-Party Senders can be good for a financial institution who is well informed about how best to manage the risks associated with the relationship.

Attendees will leave the session with an understanding of:

  1. Transactions originated by Third-Party Senders in their intermediary role;
  2. Requirements for Third-Party Sender registration with Nacha, managing return rates and thresholds;
  3. Best practices for adequate risk management;
  4. How to educate Third-Party Senders regarding their responsibilities in the ACH Network.  
Kathy Shea, Director, Education, NEACH

This session is ideal for those with responsibilities in: 
  • ACH Operations Staff
  • ACH Managers
  • Compliance Officers (Auditors)
  • Electronic Payments Professionals
  • Management
  • Risk Management
  • AAPs & APRPs wanting to earn CEUs
You might also like:
  • Third-Party Sender Audits: What, Why, When!
  • All Onboard! Payment Onboarding

*Please note that the access information will be sent to you in a separate email upon receipt of payment.  Access information and support are only provided during normal business hours.
** This event is part of the NEACH Education Club.  Members who join the Club save $75 off the cost of this event.

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