TITLE

Capitalizing on ACH While Controlling Risk

AUTHOR(S)
Monahan, Brian
PUB. DATE
September 2007
SOURCE
Banking New York;Fall2007, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the significance of capitalizing on automated clearing house (ACH) for banks. Providing ACH products and services offers several benefits for banks. Banks must follow several guidelines when considering outsourcing ACH. Community banks should also have a complete risk management program when evaluating options for outsourcing ACH.
ACCESSION #
27104660

 

Related Articles

  • The Growing URGENCY of IT Spending. Sisk, Michael // U.S. Banker;Jul2005, Vol. 115 Issue 7, p38 

    The article focuses on the increase need of spending on information technology (IT). IT spending by U.S. banks is expected to pick up in 2005, rising by four to six percent over last year. This push will provide significant outsourcing opportunities as virtually all banks, including community...

  • Outsourcing Allows Small Banks Access to the Top Technologies. Allen, Mike // San Diego Business Journal;11/14/2011, Vol. 32 Issue 46, p17 

    The article offers the author's insights regarding the use of outsourcing for the community banks to access to the top technologies in San Diego, California.

  • Avoid the "contract from hell" and other third-party pitfalls. Cocheo, Steve // ABA Banking Journal;Aug2005, Vol. 97 Issue 8, p20 

    Discusses the problems with business relationship of community banks with vendors in the U.S. Risks posed by outsourcing opportunities to community banks; Complexity posed by the Sarbanes-Oxley Act on bank-vendor relationship; Overview of the basic principles of identifying a bank's current...

  • Preparing for Check 21: There's More Work to Do. Magnotta, Rocco A. // U.S. Banker;Oct2004, Vol. 114 Issue 10, p88 

    Clarifies the Check Clearing for the 21st Century Act (Check 21). Federal mandates for informing customers about Check 21; Requirements for banks; Impact on the way banks process checks; Effect of Check 21 on community banks.

  • Fed Banks Ready ACH Risk-Check Service. Wade, Will // American Banker;4/4/2006, Vol. 171 Issue 64, p7 

    This article reports that the Federal Reserve banks plan to start a risk-monitoring service for automated clearing house transactions in the spring of 2006. FedACH Risk Origination Monitoring Service will allow originating banks to keep track of the companies that initiate ACH payments. It will...

  • FREE BANKING AND PRECAUTIONARY RESERVES: SOME TECHNICAL QUIBBLES. Mahoney, Dan // Libertarian Papers;2011, Vol. 3 Issue 26-30, p1 

    The article presents an argument on Selgin's work regarding the stability of a fractional reserve free banking system with internal checks and in-concert credit expansion. It contends that banking systems will be self-equilibrating with increased variances of clearings and that holding of...

  • ACH Fraud Risk Control Measures.  // Bank Security Report;Jul2013, Vol. 42 Issue 7, p7 

    The article provide a checklist for Automated Clearing House (ACH) risk control procedures to assist bank security managers in reducing ACH fraud losses in the U.S. It defines internal fraud as one that takes place because of actions taken within the financial institutions. The two primary...

  • Controlling Risk in Payment Systems. ROCHET, JEAN-CHARLES; TIROLE, JEAN // Journal of Money, Credit & Banking (Ohio State University Press);Nov96 PartII, Vol. 28 Issue 4, p832 

    The article focuses on risk management in payment systems. It states that the four main types of risk that trading systems incur are liquidity risk, systemic risk, operational risk, and credit risk. It states that payment system designs need to reflect elements such as the efficacy of prudential...

  • Debating Future of ACH: How Fast Should It Be? Kingson, Jennifer A. // American Banker;3/25/2004, Vol. 169 Issue 58, p17 

    Judging from a show of hands at one session Monday during Nacha's Payments 2004 conference in Seattle, payments executives want the automated clearing house (ACH) network to run faster, handle more international payments, and include stronger fraud and risk management controls. Some industry...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics