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Network News

The page you have attempted to access is restricted to EastPay members.
If you are an existing member, please log in using the orange login button to the left. This will provide you access to the members only sections of our site. If you do not have a login name and password, please call us at 1-800-681-4224. If you are not a member, please click here.

Payments 2009 Recap

For the second year in a row, EastPay is providing its members with a recap of the core messages of NACHA's Payments conference.  You'll feel like you were there!

 

Click here to view the recap report

ACH Compliance Information

Compliance Information

OFAC Risk Matrix and Compliance Guidance

OFAC officials provided more detailed guidance and explanation of compliance recommendations and interpretations on a Dec 5, 2006 teleseminar for NACHA.  This document combines original guidance on domestic transactions established in 1997, along with fresh guidance.

 

The ACH Network and OFAC Compliance

NACHA has published a free document "The ACH Network and OFAC Compliance". Please take the time to download this document to assist your organization in remaining compliant with OFAC.

 

Additional Risk Management and Compliance Information

 

OCC Bulletin 2006-39, Automated Clearing House Activities, September 1, 2006 (see http://www.occ.treas.gov/ftp/bulletin/2006-39.pdf);

 

FFIEC’s BSA/AML Examination Manual, 2007 edition (see http://www.ffiec.gov/bsa_aml_infobase/documents/BSA_AML_Man_2007.pdf, pages 199 through 205);


OCC Bulletin 2008-12, Payment Processors, April 24, 2008 (see http://www.occ.treas.gov/ftp/bulletin/2008-12.html);

 

FDIC Financial Institution Letter 127-2008, Payment Processor Relationships, November 7, 2008 (see http://www.fdic.gov/news/news/financial/2008/fil08127.html)


FFIEC Guidance on Risk Management of Remote Deposit Capture, January 14, 2009 (see http://www.ffiec.gov/pdf/pr011409_rdc_guidance.pdf).

 

 

Helpful Links and Phone Numbers

NACHA Website - www.nacha.org

Green Book - Financial Management Services (Department of the Treasury) Website

FedLine Assistance Hotline - FedLine for the Web, call 1-888-333-7010

Federal Reserve Bank Services - www.frbservices.org

Electronic Payments.org - www.electronicpayments.org

Pay It Greenwww.payitgreen.org

ODFI and Origination Information

ODFI/Origination Information

Free Direct Deposit Authorization Form to distribute to your customers/members if they ask about Direct Deposit. You may also give this form to any Originators that may be looking for a form to give to employees.

ElectronicPayments.org - This is a tremendous resource for financial institutions to use for education and training of staff and customers on the use of electronic payments.

OCC Issues Bulletin for National Banks

OCC Issues Guidance to National Banks

April 24, 2008


Purpose

This bulletin presents guidance to national banks for due diligence, underwriting, and monitoring of entities that process payments for telemarketers and other merchant clients. As detailed in several OCC issuances, certain merchants, such as telemarketers, pose a higher risk than other merchants and require additional due diligence and close monitoring. This bulletin supplements, but does not replace, existing guidance related to Automated Clearing House (ACH) risk management, merchant processing, and remotely-created checks (RCCs).

For the complete bulletin visit http://www.occ.treas.gov/ftp/bulletin/2008-12.html

Electronic Billing Information Delivery Service (EBIDS)

EBIDS

NACHA’s Electronic Billing Information Delivery Service (EBIDS) became operational in March, 2008. EBIDS is an Automated Clearing House (ACH) Network solution designed to increase the availability of electronic bills for consumers. EBIDS allows businesses to deliver electronic bills to consumer online banking accounts for presentment to consumers and to receive authorized credit payments through the safe and secure ACH Network. EBIDS notably:

  • Uses open, interoperable, and secure standards to facilitate bill delivery and payment through online banking channels;
  • Provides revenue for participating financial institutions;
  • Reduces costs for billers and extends biller delivery options; and
  • Maintains consumer privacy of financial account information.
WEB Briefs

WEB Briefs are a product of NACHA's Internet Council and provide additional information for financial institutions in handling and originating WEB (Internet Initiated ACH Transactions).

Go here for the complete list

Secure Vault Payments

Secure Vault Payments

Secure Vault Payments makes e-commerce safer and more convenient for your customers – while providing new revenue opportunities for you.

ACH Volume Information
Government Relations Digest

NACHA's Government Relations Digest reflects current payments system policy issues of potential impact to the ACH Network and other retail payment channels.

 

NACHA's Government Relations Digest

 

December 2009

November 2009

January 2009

February 2009